CashGenic, the hygienic cash automation kit from Innovative Technology, enables customers to pay with cash both safely and hygienically. Since it was first launched last year, ITL have secured several distribution suppliers firstly within the UK and now across Europe.
The COVID crisis highlighted the need for businesses to accept cash while maintaining social distancing. Paying by cash carries no fees so remains a popular choice of payment and cash in circulation is still on the increase.
Christian Dieterich, CEO, Perfect Money, provider of innovative payment solutions based in south Germany commented, “We decided to expand our product portfolio to include the CashGenic cash handling system and are proudly building the machines (renamed Vicky) here in Germany. This high-performance, smart cash dispenser has space-saving dimensions so fits onto any counter. Several businesses were surprised to discover that when Vicky was installed, they saw an uplift in cash takings of around 10%.”
“Contactless payment is not only for cashless terminals. With CashGenic customers throw their coins into the machine or slide bills into it.The amount to be paid is entered and the correct change is given out by the device in coins and bills. It provides a safe way to protect your staff and customers without the need to handle cash at the checkout.”Patrick Vandeput, Automation Europe
Commenting on the success of the roll-out, Thorsten Labusch, VP of Sales & Business Development at ITL said, “Using CashGenic gives customers payment choice by allowing those who still want to make cash payments to do so safely whilst eliminating the need for employees to handle cash. In addition, staff no longer need to count cash as the machine automatically does this, therefore saving time and generating greater efficiencies for the business. It also helps eliminate shrinkage and accounting errors as cash handling is automated.”
“Whether at the shift change or at the end of the day, sometimes the cash register is incorrect. There can be losses due to incorrect payment processes or incorrect giving of change – with CashGenic our customers have seen improvements in cash reconciliation, and it is successfully removing the counting time for staff at daily closing.”
Alfred Weichselberger, A.u.S. Spielgeräte
Thorsten continued, “I am delighted to see so many European partners have now committed to supply our unit to enable hygienic cash payments. We currently have several CG partners (Moser Consult Group, DG-Automaten, Perfect Money, IT Media Consult, A.u.S Spielgeräte and Automation Europe) across Germany, Austria and Belgium and fully expect this list to continue to grow within Europe.”
“With 12 coins per second, this automatic payment machine is one of the fastest on the market! Speeding up cash payments, means more customers, increased cash and additional profit.”
Dincer Güeney, DG-Automaten
“CashGenic is the perfect solution at the point of sale. Because it works independently of the existing cash register system it provides a central control of your cash inventory and accelerates and secures all cash processes in day-to-day business.”Thomas Moser, Moser Consult Group
Thorsten concluded, “We are particularly proud of our expansion throughout the whole of Germany, UK, Spain, Austria and Belgium. It clearly shows the demand in the Retail market for cost efficient automatic cash payment systems."
Visit our CashGenic Product Page for more information.