Smart Safe Case Study

Smart Safe Case Study – how to protect your cash from employees.

Source: kioskindustry.org

Video case study.  The hallmark of a smart safe is the inclusion of bill validators which count and validate that the currency is in fact good. The safe will sign a date timestamp to the transaction keeping track of which employee deposited the money and when they did. Basically eliminates the opportunity for internal cash theft.

Provision Issues Letter to Shareholders

From Yahoo Finance: CHATSWORTH, Calif., Feb. 02, 2016– Provision Holding, Inc. announced today December 2015 – Provision announces installation of 200 kiosks; Further, to kick off the year, in January 2016, we announced the shipment of an additional 250 kiosks for immediate installation.

Source: finance.yahoo.com

Update letter from Curt Thornton on Provision Holding.

UPS finance chief says Amazon doesn’t worry him

United Parcel Service (UPS) reported a big earnings beat—its highest ever fourth-quarter earnings—thanks to its growth in international package delivery. Revenue, however, came in light of estimates.

Source: finance.yahoo.com

Still, one major headwind continues to be a cause for concern: Amazon (AMZN). Because of increased costs and package volume, Amazon has been transforming from UPS’s biggest consumer to its biggest competitor. In December, the Wall Street Journal reported that rising costs and package volume have sparked Amazon to develop its own delivery routes, build its own freight operation, and prepare for drone deliveries. 

Peretz denied claims of animosity between the two companies, but says he believes that UPS is the clear choice for consumers. “The Amazon relationship is mutually beneficial, and they are a valued customer to UPS,” he says. “The whole space of e-commerce is a great position for UPS because we want to become the shipper of choice. We’re adding things to the market that didn’t exist before.”

Amazon to open 100s of physical bookstores: DJ

Amazon is planning to open hundreds of physical bookstores, according to a large mall CEO who spoke to Dow Jones.

Source: www.cnbc.com

Amazon is gearing up to expand the brick-and-mortar bookstore concept it launched in Seattle last year to as many as 400 locations, General Growth Properties CEO Sandeep Mathrani said Tuesday. Rivals Barnes & Noble and Books-A-Million operate 640 and 255 stores, respectively. Amazon’s Seattle store sells Amazon’s Kindle and Fire devices, as well as about 5,000 print titles. CNBC(2/2), The Wall Street Journal (tiered subscription model)