Monthly Archives: July 2015

Retail Automation – Carlyle Group invests US$85 million in vending machine operator Ubox to tap China’s evolving e-commerce boom

Carlyle Group, one of the world’s largest buyout funds, said on Thursday it will invest US$85 million in Ubox to help expand the Chinese vending machine operator’s network and give consumers a better-quality service. …

Source: www.scmp.com

For several years, Ubox’s customers have been able to shop online via its mobile app and collect their drinks or snacks from its network of interactive vending machines, which now number over 30,000 and are spread across 58 Chinese cities. 

Recyclers and ATM Solution Now in Trial

Recycling cash is a retail automation cornerstone.  Handling cash is its own cost and needs to be lowered.  Article points out new install of ATM with recycler. If you’ve been around the ATM industry during the last several years, you will have heard a lot about cash recycling technology. But if you’ve been around the industry in the… Read More »

The truth about the death of cash

In the US, cash in circulation grew 42% between 2007 and 2012 (Credit: Getty Images) Source: www.bbc.com Read the entire article on bbc.com —  It’s tempting to forecast the demise of cash. In fact, people have been predicting the end for physical money for nearly 60 years. With the rise of credit cards, contactless payments and cryptocurrencies like… Read More »

Merchant Acquirers Think the EMV Migration Is a ‘Big Joke’

If you’ve been sifting through your wallet and counting the increasing number of chip-enabled cards you can find in there, you’re probably becoming more and more confident that EMV is finally happening in the U.S. Source: www.paymentssource.com Key basis — According to a DDPR survey of 26 ISOs and acquirers in the first quarter, only 30% had an… Read More »