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5 Benefits of Closed Cash Management for Petrol Stations

5 Benefits of Closed Cash Management for Petrol Stations

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

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?

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...

How to Combine Cash Handling and Hygiene

How to Combine Cash Handling and Hygiene

Hygiene in the foodservice and hospitality industry is of great importance. Thankfully there is a way for food handlers to accept cash and eliminate interaction with notes and coins. From fast-food outlets and supermarkets to cafes and bakeries, any business serving...

The Importance of Hygienic Cash Handling in Retail

The Importance of Hygienic Cash Handling in Retail

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.

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

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...

Amazon reinvents cash as a payment option

Amazon reinvents cash as a payment option

The astronauts of Apollo 10 in the 1960s were the first to shave in space. Nasa spent a lot of time and resources investigating electric razors. However, there was always the issue of bits of floating hair, which could have caused a serious problem if they had got...

Our generation will not see cash disappear

Our generation will not see cash disappear

The end of the world is not getting nearer for cash. It will be years and probably decades before it comes to an end. “The truth must be told to the population: our generation will not see the end of cash,” said Isidoro Alanis, president of Global Exchange Group....

The Euro turns 20 and continues to grow

The Euro turns 20 and continues to grow

The euro was introduced to the world in 1999, though the notes were launched in 2002. It is today the currency of the 343 million citizens of the euro area. It is the second-largest reserve currency and the second most traded currency in the foreign exchange market....

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