Cash is very much alive, argues Dave Ellwood,UKandIrelandsales manager for Crane Payment Solutions
Read the papers these days and you’d believe cash is dead, or at the very least dying. Just recently the Daily Mail screamed: “Smartphones will put paid to cash in five years.” Talk to some people in the amusements and gaming industry and within the other markets Crane Payments Solutions operates in, and they’d tell you the same.
But while cashless payment systems are becoming increasingly popular, statistics show it is far too early to be sounding the death knell for coins and notes. In fact, just take a look at the recent figures released by the European Central Bank, which demonstrate that the opposite is actually the case.
Since 2006, the number of bank notes in circulation inEuropehas increased from just under 10.5bn to more than 14bn – an increase of a third. The same situation has occurred with coins – an increase of over 40 percent in the same period, to more than 96bn coins. InBritainone in three consumers still treats cash as their first payment choice, and for low-cost items this rises to more than three quarters.
So, with more cash in circulation than ever before, the importance of using the right payment systems is essential – ensuring that the customer experience is enhanced and business efficiency and profitability are increased.
Whether it is coins or notes, Crane Payment Solutions have a cutting-edge product that addresses the many issues that our customers face, such as cash management and security.
For those that claim cash handling is expensive and time-consuming, our message is that this doesn’t have to be the case. The CashCode Bill-to-Bill 60 was the industry’s first 60-bill recycler designed for the European AWP market. The Bill-to-Bill 60 accepts €5 through to €50 bills and can then store and recycle €5s, €10s or €20s to pay out as change or dispense as winnings. The bank notes used to pay out are the same ones the unit receives.
Security still remains a major concern within the industry, and rightly so. Among the innovations found on the Money Controls Ardac Elite is the first and only field-proven imaging technology. The Ardac Elite will accept street money in virtually any condition, inserted at virtually any angle, and is compatible with almost all gaming machines.
Meanwhile, Money Controls’ SR5des coin acceptor features sensor technology which enables it to provide exceptional acceptance rates. The inclusion of DES encryption provides the highest level of security at all times, as the encryption cannot be disabled with a switch.
The NRI G-13.mft coin validator series has been designed to meet a multitude of coin-acceptance needs. Using multi-frequency technology for reliable coin recognition, the G.13.mft accepts up to 32 different coins.
Finally, the Money Controls Universal Hopper offers unrivalled performance, reduced operating costs and an extended lifetime. Among other attributes that make it so popular is its large capacity, which reduces the number of empty or refill cycles. The Universal Hopper can hold up to 1200 euro coins or 950 £1 coins and is suitable for almost all global coin sets, including coins with holes, without the need for adjustment.
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