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[Update] What to Look for in a Cash Management Partner
Embracing technology for a more transparent and user-friendly experience for cash management customers
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.
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.
How Higher Interest Rates Will Impact Retailers and Restaurants
As interest rates continue to rise, we discuss how retailers and restaurants will be impacted in the new high-rate environment.
How Retailers Can Beat the Labor Shortage During the Summer Travel Surge
The summer travel surge is exemplifying the impact of the labor shortage on retailers. Here are eight hiring and retention tactics and automation strategies retailers should implement.
Five Signs You Need Cash Forecasting Software
Outdated cash ordering practices can harm a financial institution, ISO, or AID. In this blog, we discuss five signs that you need cash forecasting software to optimize cash levels.
How Armored Car Carriers Help Cryptocurrency ATM Operators Optimize Their Business
Cryptocurrency ATMs are increasing in popularity, and operators should leverage an armored car carrier to optimize and scale their business.
Five Types of Restaurant Theft and How to Prevent Them
Restaurant theft is a huge problem facing the industry. In this blog, we discuss five types of theft and how owners can prevent them.
How Restaurants can Leverage Automation to Survive the Labor Shortage
Restaurants are heavily impacted by the current labor shortage. However, through the use of automation for time-consuming tasks, restaurants can thrive.
How to Reduce Risk when Selecting an Armored Car Provider
Financial institutions can fall victim to robbery, theft, and fraud with smaller cash-in-transit providers due to the lack of precautions and control in place to prevent it. In this blog, we discuss six best practices financial institutions should include in their risk management plan.
What Bank Branch Closures Mean for Your Business
The COVID-19 pandemic has rapidly increased the number of branch closures since 2020. This has led to a permanent shift in how people access financial services. Below, we discuss why branches are closing, what it means for your business, and how your business can operate around branch closures.
Smart Safes or Armored Car Service: What Does Your Business Need?
In the current labor environment, retailers are focused on how to maintain or improve store operations using automation. Cash handling is often overlooked, but there are two solutions that can help your business: smart safes and armored car service.
Find out how Loomis can help you cut costs while improving security and accuracy.
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