ArcaTech Unveils Industry's First Integrated Remote Cash Capture System With Currency and Coin Recycling and Bulk Cash Storage
MEBANE, N.C. – ArcaTech Systems, a leading supplier of transaction automation solutions for the financial, retail and self-service industries, has introduced a unique solution for the control and remote capture of cash in retail environments.
Both currency and coin recycling devices are used in the Arca8000D, the industry’s first integrated cash control system that allows retailers to control the cash handling process and obtain provisional credit for cash that remains secured within store locations. Designed specifically for retail cash management, this system dispenses and reconciles cashier tills, sorts and counts deposits and enables remote cash capture, the electronic deposit of cash values.
Previously, cash had to be physically picked up and processed before credit would be granted by a bank. Remote cash capture systems allow funds to be electronically deposited to retailer-specified accounts as soon as cash is deposited into the RCC depository safe at the store. Cash can be transported to the financial institution at a later time.
Ideal for large retail operations, the Arca8000D is a cash recycler and high-volume, bulk storage system for banknotes. A bulk coin recycling and bulk storage device also can be added for till management and coin handling.
"We're proud to offer this first-of-its-kind technology and to make cash management easier and more efficient for retailers," said Mort O'Sullivan, president of ArcaTech. "We are confident that retailers will welcome the innovation."
ArcaTech officials say the most obvious benefit of the integrated system is the way it limits in-store cash touch points while enabling electronic cash deposits. By automating cash handling and deposits, the remote cash capture system limits the number of employees who must manually process cash, reducing risk, discrepancies and costly labor.
"Retailers know that more employees handling cash means more mistakes and discrepancies," said Jim Halpin, ArcaTech's Retail Solutions Director. "Our automated cash control system will eliminate human error and reduce shortages and deposit variances. We understand the challenges of processing and controlling cash in the retail environment,” Halpin continued. “That understanding guided the development of our systems. With this solution for retailers, we're bringing the bank to the store’s backroom."
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.