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How Cash Recyclers Solve Five Retail Cash Management Challenges
Many businesses are experiencing cash management challenges but often mislabel the challenge as their “normal.” In this blog post ,we discuss five different cash management challenges retailers have, and how cash recyclers can fix them.
Recycler Checklist: Does Cash Recycling Make Sense for Your Business?
Deciding whether or not a cash recycler is right for your business seems difficult. This blog provides a quick and easy checklist to see if cash recycling technology makes sense for your business.
Five Types of Retail Shrinkage and How to Prevent Them
In 2021, the average retail shrink percentage was 1.44 percent. And while some shrinkage is unavoidable, retailers typically want to have a total shrink percentage of less than one percent. The first step in reducing overall retail shrinkage is to identify the different types, then implement different strategies to help reduce shrinkage.
Seven Easy Ways Convenience Stores Can Protect Employees and Customers
Crime remains dramatically higher in most American cities than it was pre-pandemic. This blog discusses seven easy ways convenience store owners and operators can increase security to protect employees and customers from potential robberies and theft.
How a Cash Discount Program Benefits Convenience Stores
Implementing a cash discount program can help retailers save money by allowing to keep 100 percent of their sales profits instead of paying for credit card transaction fees.
Five Reasons Treasury Professionals Must Partner with a Cash Management Company
It is crucial for treasury professionals to enlist a reliable and knowledgeable cash management partner with configurable solutions to meet the needs of retailers. Here are the benefits of partnering with a cash management company.
[Update] What to Look for in a Cash Management Partner
Embracing technology for a more transparent and user-friendly experience for cash management customers
The Hidden Costs of Ordering Cash from Correspondent Banks and the Federal Reserve
Many financial institutions often don’t think about the financial logistics of currency and coin processing services of their money supplier. We discuss seven disadvantages of using a correspondent bank or placing money orders directly through the Fed.
Three Myths About Retail Cash Handling and Why They’re False
Many people believe we are moving toward a cashless society. However, the myths surrounding cash are inherently false. Here is why retailers should accept cash as a payment method.
How Higher Interest Rates Will Impact Retailers and Restaurants
As interest rates continue to rise, we discuss how retailers and restaurants will be impacted in the new high-rate environment.
How Retailers Can Beat the Labor Shortage During the Summer Travel Surge
The summer travel surge is exemplifying the impact of the labor shortage on retailers. Here are eight hiring and retention tactics and automation strategies retailers should implement.
Five Signs You Need Cash Forecasting Software
Outdated cash ordering practices can harm a financial institution, ISO, or AID. In this blog, we discuss five signs that you need cash forecasting software to optimize cash levels.
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