COINS CONCLUSION
While the advance of cashless/digital payments can’t be ignored, from all the research touched on above it’s clear that cash still has a vital role to play and the government has recognised its continued importance particularly to certain sectors of society.
It’s vital that cash handling specialists continue to innovate to make the use of coin and notes as efficient as possible in vending machines and for operators to embrace all methods of payment to keep consumers happy across the board.
ff
COINS & NOTE HANDLIN G NO TE HANDLING
Suzohapp’s Currenza C2 coin changer which features 6-coin tubes and three independent pay-out motors to ensure their customers exact change or incorrect change problems. st sales and more consumer confidence in the
This means no lo will not experience
vending machines. The RM5 HD coin electronic validator is used in machines where coin acceptance only is required (such as table tops).
Suzohapp also offffers a variety of back-offffice solutions, to reduce cash handling costs to operators. For example, the Active-9 has nine coin outlets (and a reject outlet a ff
to count and then correspondingly sort nine different coins at a speed of 2,700 coins/tokens per minute. UK sales manager, Nick Norris says: “A
“At Suzohap ff not only important to ensure that machines in the f
s well) to be able Scan Coin ICX
ield offffer reliable p we believe it is
cash payment options to users, but also to have the correct bac k office solutions to ensure that cash handling costs are kept to a minimum.”
Suzohapp’s Bill-to-Bill 300XE also recently scored 100% on the The Bank of England’s Recognition Te
Test which tests automatic
banknote handling machines to ensure they only accept genuin e notes.
Cash handling specialist Cummins Allison says the decision to pay with cash is highly personal and differs by person, circumstance, cost of their purchase, and what’s in their wallet. Because of this, trying to figure out the rationale behind where and why a person pays with cash is not easy.
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However, results from a study conducted by the Payments Advisory Group provides a glimpse into why some consumers still swear by cash as a preferred payment method.
The results were as follows: • Cash is universal
• Cash is anonymous and untraceab • Digital payments can be the victim are traceable )
• Cash is reliable
• Digital payments are subject to the availability of an electronic payment system
• Cash provides payment finality • Cash enforces self-discipline
of data breaches (an d le
vendinginterna
tional-online.com | 2 7
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