February 16, 2017
ATMIA's Retail Cash Management study identifies growth prospects
South Dakota, USA & London, United Kingdom -- ATMIA has published a new study on growth prospects in the Retail Cash Management sector of the United States.
Entitled “From ATMs to Smart Safes and Recyclers: Retail’s Next Big Step” and authored by industry veteran
Michael Hudson of MF Hudson Associates, LLC, the research paper predicts strong growth ahead for cash management automation in the nation’s retail sectors.
Unlocking the economic drivers of retail automation, the author stresses the benefits to businesses of expanding automation capability with evolving technologies like recyclers and smart safes. Hudson also debunks myths about cash going away, perpetuated in the media on an almost daily basis by the anti-cash lobby. Instead, he soberly analyses the ongoing role of cash for consumers and businesses.
The study estimates that there are about one million retailers in the U.S. using cash management, ranging from low-tech operators to semi-automated and fully-automated operators.
“I’d like to congratulate Mike Hudson on identifying and articulating this substantial opportunity for growth in cash management automation,” Mike Lee, CEO of ATMIA, commented. “This trend can save on running costs, increase efficiencies and enable staff to attend to customer needs instead of counting cash and conducting other manual jobs.”