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. …
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.
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 U.S., you won’t have seen it deployed. At all.
Last month, the two companies announced their collaboration on what they believe to be the first cash recycling system installation in the U.S. on behalf of a bank based in Flushing, Queens, home to New York City’s fourth largest business district.
The bank, which chooses to remain anonymous, introduced cash recycling as part of a branch reboot, and chose the Nautilus Hyosung MX8800 cash recycler to meet the purpose.
An EMV-enabled unit, the MX8800 features a 24-inch upper screen and a 15-inch lower touch screen on the consumer-facing side and a 15-inch operator panel on the back of the machine. The device is equipped with five configurable cassettes for multidenomination bank note dispense and deposit.
The Netherlands is an interesting case study to look at more closely, because their retail sector has recently embraced card payments in a big way. There are now 1,400 supermarkets in the Netherlands with registers that don’t accept cash.
In the UK, half the transactions by consumers in 2013 were with cash
As a result, card payments in the Netherlands have been growing by about 7 to 8% annually over the past few years. And yet, cash is still king. In 2012, there were 2.7 billion card payments, but an estimated 3.5 to 4 billion payments were made with cash. “Even in supermarkets which all accept debit cards, cash is still used heavily,” Jonker says. “For the time being we think cash will keep on having an important role.” Studies of other nations tie in with these finding
On the heels of launching a beauty line for The Honest Co., Jessica Alba is further expanding her $1 billion empire with another brilliant business strategy: opening airport kiosks for all those last-minute travel essentials.
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.
Key basis — According to a DDPR survey of 26 ISOs and acquirers in the first quarter, only 30% had an interest in pursuing a partnership or a vendor relationship for EMV. That compares to 72% for mobile point of sale, 68% for digital loyalty, 62% for semi-integrated payments solutions, 58% for integrated payments and 46% for e-commerce gateway.
Provide its electric utility with a turn-key solution that is integrated, cohesive, cost effective, and provides its customers with interactive kiosk devices where they can check their account balance and due date, make utility payments via cash,…