Retail trends are changing, but one thing remains the same: the popularity of cash as a proven payment method. With a whopping overall consumer spend estimated at $2.3 trillion, the good ol’ American greenback continues to trounce not only its plastic competitors, but...
The Internet of Things has changed the retail world significantly by making it easy to track consumer behavior, operating costs, and revenue all in real-time. Internet of Things refers to the network of devices that connect to the Internet and help companies monitor...
Does your business deal and exchange currency, cash checks, issue money orders, or transmit funds? If so, then the Financial Crimes Enforcement Network classifies you as a money service business (MSB). Since money service businesses are highly susceptible to money...
Abroad, American consumers are known for being notoriously demanding, expecting conveniences overseas that are available stateside. That’s because here at home, customers can get virtually anything their hearts desire at the drop of a hat, or more aptly, the push of a...
Smart safes offer a retailer several features and advantages, one of which is automated note deposit. As we’ve articulated in a previous article, when a smart safe is placed near the point of sale in a store, note deposit and validation enables store cashiers to...
Cash recyclers are advanced systems that help automate the cash room processes of organizations such as big box retailers, warehouse clubs, supermarkets, and other institutions that handle large volumes of cash on a daily basis. A cash recycler can accept, dispense,...
