COIN & NOTE HANDLING
Still cashing in
It’s commonplace today for vending machines to offer card payment options. However, it might be a mistake to discount cash just yet, and this is borne out by the many innovations in coins & note handling.
One of the strongest trends in recent years is the march towards cashless payment methods with studies pointing to a steady growth in card payments all around the globe. In the UK there were nearly 1.4 billion card payments in June
2017 while in the European Union, non-cash payments rose by 8.5 per cent year on year in 2016 with card payments accounting for 49 per cent of all transactions. That’s all well and good for cashless payments, but what does it mean for cash?
It appears that despite the trend
there’s still a firm place for cash in most societies. A recent report from the Bank of International Settlements (BIS) revealed the demand for cash continues unabated and suggested few societies are close to going cashless. The BIS also found that despite
the rapid rise in cashless payments, the amount of cash in circulation has risen from seven to nine per cent of GDP on average in a sample of its members and 22 other countries. It stands to reason that if cash is
not dead, then there’s plenty of scope to innovate for cash specific payments in vending machines to make cash handling as hassle-free as possible for operators. Make no mistake, it’s the
Currenza C2
solutions that tick all the boxes by making cash processing easier, quicker and safer that will rise to
the top. Andy Crowson, managing director of Cummins Allison says: “As
an existing supplier to the vending industry for over 30 years, we have always worked closely with our clients to see what features we could add to our coin and note counters to make their cash processing easier, quicker and more secure.” Andy says Cummins Allison’s last innovation, the Jetsort, “has
been a leading light when it comes to counting and sorting coins quickly and efficiently”. The latest JetSort is the JetSort LX said to provide the speed and
accuracy that operators in the vending industry demand while also offering top class counterfeit detection. It is compatible with industry specific software applications, (where the data from the count is recorded directly to a PC Excel
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vendinginternational-online.com RM5 HD and RM5 Evolution
spreadsheet or database) or operators can use JetWedge connection software. Other options include a
bar-code scanner which reduces data input errors and has enhanced the counting process while reducing the processing time for many vending operators. Further innovation in coins &
VANTAGE banknote reader from SUZOHAPP
note handling have come from cash handling specialist Suzohapp. UK account manager Nick Norris says: “Vending plays an integral role in our society. For decades cash has been king and the focus has consequently been on coin validation and more recently on banknote validation as well. Suzohapp offers a number of solutions: • Currenza C2 (with three separate pay-out motors to guarantee optimal machine uptime).
• RM5 HD and RM5 Evolution coin validators for vending machines that require coin entry yet no coin return.
• The Vantage banknote reader can be used for both indoor and outdoor requirements. The Vantage banknote validator is described as an industry-leading solution with a host of advanced features for highest in-service time. It is described as robust and flexible and is designed to enhance operator business by maximising profitability.
With cash here to stay, operators need to find the solutions that
help them to work efficiently and safely with cash. The solutions mentioned are just some among many offered for vending machines.
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