5 Benefits of Closed Cash Management for Petrol Stations

5 Benefits of Closed Cash Management for Petrol Stations

May 14, 2020

Handling cash exposes petrol stations to security risks as well as added costs. A closed cash management system can help address these and other challenges. 5 Benefits of a Closed Cash Management System for Petrol Stations 1. Security 2. Cost Savings 3. Customer...
Why Hotels Can No Longer Afford to Ignore Cash Recycling

Why Hotels Can No Longer Afford to Ignore Cash Recycling

May 14, 2020

Automated cash recycling for hotels is an excellent way of not only reducing operational costs but also improving the customer experience. With multiple points of sale (such as bars, restaurants, coffee shops and gift shops) spread across their site, managing and...
What is Closed Cash Management?

What is Closed Cash Management?

May 14, 2020

Closed cash management is a method of dealing with cash which not only addresses store security concerns, but also the efficiency of retail cash processes. So what is it exactly?The key characteristic of a closed cash management system is that it keeps cash locked...
The Importance of Hygienic Cash Handling in Retail

The Importance of Hygienic Cash Handling in Retail

May 14, 2020

While reports of cash being a health risk are unfounded, retailers are rightly taking cash handling hygiene seriously. During the outbreak of the COVID-19 pandemic, several media outlets suggested that different surfaces, including banknotes, could be a possible...
Deutsche Bank: Cash is Here to Stay. Cards will go Away.

Deutsche Bank: Cash is Here to Stay. Cards will go Away.

Jan 29, 2020

In 2016, John Cryan, the CEO of Deutsche Bank, speaking at the World Economic Forum in Davos,  boldly announced “Cash, I think, in ten years’ time probably won’t (exist). There is no need for it, it is terribly inefficient and expensive”. The panel was shared by...
Irish Banks to Sell a Third of their ATMs to Independent Deployers

Irish Banks to Sell a Third of their ATMs to Independent Deployers

Jan 29, 2020

According to the ECB, there are currently just over 3,000 bank-owned ATMs in Ireland and an additional 750 are operated by independent deployers. The Irish Independent reports that Bank of Ireland aims to sell off 700 and Allied Irish Bank 375. Most are located in...