ArcaTech Earns Trademark for Remote Cash Capture™
Innovative Technology Poised to Revolutionize Cash Cycle
MEBANE, N.C. – ArcaTech Systems, a leading supplier of transaction automation solutions for the financial, retail and self-service industries, is earning trademark registration for Remote Cash Capture ™, a term ArcaTech coined to describe its new cash management technology.
In development for more than a year, Remote Cash Capture™ (RCC) allows merchants to collect cash onsite and electronically deposit the funds with a participating bank. Funds are credited to the merchant’s account immediately, and secure cassettes containing the cash deposits can be transported to the retailer's financial institution at a later time. Ideal for large retail operations, RCC allows users to reduce costs and shortages while improving cash control and cash availability.
“Remote Cash Capture™ represents the next technological leap in the cash cycle,” said Mort O'Sullivan, president of ArcaTech. “We’re advancing a manual, antiquated process and, in turn, lowering the costs of doing business.”
Jim Halpin, ArcaTech's retail solutions director, believes RCC will dramatically improve the way merchants conduct banking transactions. “The industry has spent more than 40 years automating the cash cycle, but RCC represents a fundamentally better process,” he said. “I haven’t seen such a high level of interest in a technological product since ATMs were introduced.”
ArcaTech’s RCC technology is comprised of an integrated system to handle cash, coins and other media. Limiting in-store cash touch points, the systems will help retailers avoid mistakes and discrepancies, eliminating human error and reducing risk of theft. The RCC solution also improves fund availability and operational efficiency by speeding the time required to count, dispense or deposit funds.
ARCA’s solutions help people control and streamline cash operations in financial institutions, retail stores, and self-service kiosks around the world. We develop technology and services that make transactions simpler, more efficient and more secure. Visit arca.com for more information.