Are We in a Recession? If So, Having Cash Helps Ongoing stock market volatility and record inflation are fueling predictions of a recession. If the predictions are correct, both businesses and individuals will be looking to protect their liquidity and...
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Retailers Are Prioritizing Innovation in IT Spending
Retailers are increasing their IT budgets and allotting a bigger portion of those budgets to innovation. They are investing in cloud-based and automation solutions to replace aging technology to meet customer demand for omnichannel experiences and cope with a severe...
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Technologies to Support the Cannabis Dispensaries of the Future
The cannabis market is enjoying explosive growth. Estimated at $28 billion in 2021, it is on track to reach $198 billion in 2028. For resellers serving the market, this translates to substantial opportunities to sell POS Solutions, including cash management,...
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Choosing The Right Fit For Your Business
Anatomy of a Cash DrawerThe cash drawer, in varying forms, has been a core component of the retail business for as long as people have exchanged money for goods. Any business accepting hard currency needs one but choosing the best...
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How to Retain Retail and Hospitality Employees in a Post-Pandemic World
These are trying times for restaurants and retailers. You`re dealing with supply chain issues and a labor shortage. Frustration is running high among customers, who too often are lashing out at retail and restaurant workers. The "Great Resignation" has...
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Cash Advocates Fight for American Freedoms of Payment Choice in Washington
While the cashless movement gained momentum during the early stages of the COVID-19 pandemic, advocates of the right to use cash are taking their fight to Congress. In July, Rep. Donald M. Payne Jr., D-NJ, introduced a bill to prohibit...
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Heavy Duty vs. Standard Duty Cash Drawers
Heavy Duty vs. Standard Duty Cash Drawers Choosing the right cash drawer for your retail environment is an important decision with implications for your business's success. You need a cash drawer that's durable and dependable; it needs to keep up...
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Mobile-first Approach: Not Just For Small Shops Anymore
The COVID-19 pandemic caused a sudden 8.5% decline in adoption of mobile POS systems, but implementation will accelerate in the next four years. By 2025, the mPOS installed base will grow by 20%, according to an IHL Group projection. Retailers...
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Why Retailers Should Include Cash Payments as Part of Their Post Pandemic Payment Strategy?
The pandemic has brought new energy to the cashless movement, but cash still isn't going away. Too many people, especially the elderly as well as the unbanked and underbanked, depend on legal tender for their purchases. That's because cash is...
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Loss Prevention and Other Benefits of Intelligent Cash Drawers
The retail cash drawer evolved from a basic wooden box with a bell to a metal box to a secure, intelligent device that keeps track of currency amounts by cashier and transaction and helps retailers improve their operations. One of...
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