WHATEVER THE PAYMENT METHOD USED, THE COST OF PROCESSING TRANSACTIONS IMPACTS A RETAILER’S BOTTOM LINE.

Large numbers of transactions still involve the use of cash and the costs attached to this method of payment include storage and transport, security, accounting and of course transaction costs at the point of sale.

New technologies can impact on each of these areas, lessening the amount of cash a retailer needs to hold, reducing the number of cash in transit visits, preventing theft and fraud and reducing labour costs attached to counting notes and coin. In a fast-developing retail market can you afford to ignore the chance to optimise the costs associated with such a high proportion of your transactions? The correct deployment of technology can lower costs, enable enhanced service levels and improve the bottom line.

Primary drivers for the introduction of cash handling solutions in different countries have been either a response to heightened security needs or a desire to improve customer satisfaction in retail outlets. 

Glory's automated cash handling systems can:

 - Improve security

 - Free up resources

 - Enable speedier transactions and lower costs

Research from the British Retail consortium concluded that in the UK, cash accounts for 53% of total transactions but for 9% of the costs. New technologies ensure that while customers continue to choose cash. Retailers can minimise the cost of such transactions while enhancing the overall security and ‘customer-friendly’ nature of their stores.