SOURCE: MarketResearch.com

MarketResearch.com

September 28, 2009 10:08 ET

Retailers Finding New Cash Management Solutions

ROCKVILLE, MD--(Marketwire - September 28, 2009) - MarketResearch.com has announced the addition of TowerGroup's new report "Is Cash King Again? Retail Currency Management Takes Off," to their collection of Banking & Financial Services market reports. For more information, visit http://www.marketresearch.com/redirect.asp?progid=67618&productid=2422854

Until recently, technology was available for managing all types of payment except cash, and retailers faced float expense, endangerment of employees taking cash to the bank, and hours of labor for manual in-store recycling of cash.

New technology solutions combine integrated safes and in-store cash recyclers to solve the frustrating and expensive problem of retail currency management.

Since the new retail currency management (RCM) solutions can dramatically cut revenue from transport and cash processing fees, both banks and armored carriers should make up the revenue by offering RCM as a service.

The business case must be clear on who stands to gain the most from RCM projects, or they will fail.

The eventual widespread adoption of contactless payments does not negate the business case for retail currency management at retailers right now.

Topics covered in the report include...
Report Coverage
Retail Merchants' Cash Supply Chain
The Retail Currency Management Solution
Benefits for All Parties in the Cash Supply Chain
Summary

For more information visit http://www.marketresearch.com/redirect.asp?progid=67618&productid=2422854

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