A luxury retail veteran shares her perspective on a big bottleneck during the holiday season - cash handling. Read on to see the solution that could potentially save businesses $20,000 per week.
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If you are tasked with rebuilding the till drawer AND preparing its deposit each day you will know how much of a drain it can be on your time and resources. So, let us share some tips on how to simplify these tasks, saving you time and effort in the process.
When one of our long-standing supermarket clients decided to upgrade its cash office IT equipment, we worked closely with them to ensure their cash handling operations continued to deliver the time-savings they had come to rely on and to add a layer of future proofing into their cash management systems.
In 2016, the Hong Kong Government issued stored value facilities licenses, a first for the country. Companies such as Octopus, AlipayHK, WeChat Pay, Samsung Pay, and TNG Wallet were quick to take up the opportunity and promote their products. Despite being ready to accept digital payments, the level of cash in Hong Kong does not seem to have subsided.
The New York Times today reports on the growing backlash against "cashless stores". Discover why more and more local government organizations are taking action to protect people who want or need to pay in cash.