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3 Reasons Why Cash is Safer than Alternative Payment Methods

If you recently made a purchase outside of your home, you may have noticed that many retailers are stepping away from cash, asking customers to use cards and mobile payments when possible. However, recent studies suggest that cash is safer than you might think – and cleaner than using your phone or credit card to pay.

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Don’t believe predictions about decline of cash

With many digital forms of payment available today, like credit and debit cards, mobile payment apps, and cryptocurrencies, it may seem as though cash is on its way out. Far from it. In fact, a cashless society in the coming years in North America and in many places around the world isn’t realistic, and properly managing cash is crucial if you want to stay competitive.

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Lawmakers and consumers challenge cashless retailers

Amid the COVID-19 pandemic, cashless stores and restaurants are becoming more popular. And that’s not necessarily a good thing: some retailers who experimented briefly with cashless operations have reversed their decisions ¬as a result of complaints from consumers, or as local and state governments enact laws to protect those without bank accounts.

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Cash Myths

With electronic payment methods on the rise, there are so many questions surrounding cash these days. Is cash going away? Is cash clean? Are electronic payment methods easier to use? While rumors on the state of cash continue to circulate, we’re here to settle the noise and dispel myths on where it’s going next. If you work with cash on a regular basis, consider the following key reasons why cash is here to stay for the future.

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3 Myths about Cash Management

There’s no secret recipe for running a successful business. But there is a simple ingredient for improving operations and cash flow: making sure your cash is well-managed. It’s a component of running a business that’s often overlooked, but it can make a big difference in saving time and money. These are three common misconceptions that stop business owners from optimizing cash management solutions.

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Winning Strategies to Navigate HR and Payroll in Challenging Times
May 14

Discover an innovative approach to HR and payroll to help your company navigate through these challenging times. From earned wage access and mobile alerting, to digital banking tools and prepaid debit cards that pay you back as you use them, explore the frictionless strategies you can implement right now to empower your employees and ultimately ensure your business returns to normal operations.

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Managing Cash at University Events

With universities ranging anywhere from 1,000 to 50,000+ students, it’s no surprise that college campuses are prime real estate for special events.

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Shopping Trends and the Effect on Cash Management

The demand for cash remains resilient today. Many people find this fact surprising, especially in the face of increased competition with alternative payment methods such as credit cards, debit cards, and electronic payment apps such as Venmo and PayPal. However, the 2019 Diary of Consumer Payment Choice conducted by the Federal Reserve highlights the way in which cash is still used, and even preferred, by a wide-range of individuals across various age and household incomes.

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How to Improve Employee Safety with Automated Cash Systems

Retailers are always looking for new ways to streamline operations without increasing costs or sacrificing security. However, many businesses still manually handle their cash and are all too familiar with the challenges and risks that come along with the traditional cash management process.

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