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Three Myths About Retail Cash Handling and Why They’re False
Many people believe we are moving toward a cashless society. However, the myths surrounding cash are inherently false. Here is why retailers should accept cash as a payment method.
Update: Payment Choice Act Reintroduced in 2023 to Protect Cash as a Payment Option
The Payment Choice Act has passed in the House of Representatives and is moving through the Senate. This legislation makes it illegal for retail businesses to refuse cash as a payment method.
Loomis US Launches New Career Site to Attract and Engage with Candidates
Loomis US launches new career site to engage with candidates among the labor shortage.
The Hidden Costs of Ordering Cash from Correspondent Banks and the Federal Reserve
Many financial institutions often don’t think about the financial logistics of currency and coin processing services of their money supplier. We discuss seven disadvantages of using a correspondent bank or placing money orders directly through the Fed.
Seven Easy Ways Convenience Stores Can Protect Employees and Customers
Crime remains dramatically higher in most American cities than it was pre-pandemic. This blog discusses seven easy ways convenience store owners and operators can increase security to protect employees and customers from potential robberies and theft.
How a Cash Discount Program Benefits Convenience Stores
Implementing a cash discount program can help retailers save money by allowing to keep 100 percent of their sales profits instead of paying for credit card transaction fees.
Loomis Update on Hurricane Ian
Loomis is closely monitoring the projected path of Hurricane Ian as it continues to gain strength on its trek towards the western part of Florida.
Loomis U.S. Welcomes Björn Züger as New President and Chief Executive Officer
Loomis U.S. Welcomes Björn Züger as New President and Chief Executive Officer - Press Release
Five Reasons Treasury Professionals Must Partner with a Cash Management Company
It is crucial for treasury professionals to enlist a reliable and knowledgeable cash management partner with configurable solutions to meet the needs of retailers. Here are the benefits of partnering with a cash management company.
Five Types of Retail Shrinkage and How to Prevent Them
In 2021, the average retail shrink percentage was 1.44 percent. And while some shrinkage is unavoidable, retailers typically want to have a total shrink percentage of less than one percent. The first step in reducing overall retail shrinkage is to identify the different types, then implement different strategies to help reduce shrinkage.
Loomis U.S. Raises $12,000 for Breast Cancer Awareness Month
Loomis U.S. Raises $12,000 for Angels Surviving Cancer, a Houston-Based Non-Profit for Breast Cancer Awareness Month
Recycler Checklist: Does Cash Recycling Make Sense for Your Business?
Deciding whether or not a cash recycler is right for your business seems difficult. This blog provides a quick and easy checklist to see if cash recycling technology makes sense for your business.
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