APG Launches Cash-O-Matic Solution for Instant Digitization of Currency
Global cash drawer manufacturer releases new pneumatic POS system to
automatically digitize cash for immediate credit on retail accounts.
APG Cash Drawer, a fast-growing global manufacturer of cash management solutions, announced today the release of the Cash-O-Matic™ Solution to quickly provide retailers real-time visibility to store revenue attributed to cash payments within the retail, grocery, quick serve, and hospitality sectors.
The new technology is designed to securely send and digitize cash providing retailers instant access to cash deposits within their bank. “While provisional credit has been available for cash payments, the reconciliation only occurs at the end of the day. Retailers can now receive access to revenue instantly via the Cash-O-Matic™ secure cloud software,” stated Stephen Bergeron, VP of Global Marketing and SMARTtill Business Development. “Upon transaction completion and close of the cash drawer, a pressurized pneumatic tube extracts all cash by denomination and sends it up into the digital cloud.”
With the Cash-O-Matic™ System, the reconciliation occurs automagicly. The UDTVIK (Universal Duct Tape Velcro Integration Kit) is color matched to a retailer’s brand and allows the Cash-O-Matic to integrate with any contemporary POS cash drawer. Once the pneumatic tube is securely attached and the software is integrated with a bank account, retailers can wirelessly access all funds deposited from cash.
“In the age of instantaneous information and omni-channel retail, we’ve identified a market need to develop a cash digitization service for our customers,” stated Breanna Brown, Global Marketing Manager at APG. “The Cash-O-Matic™ System is licensed to retailers and additional features are made directly available upon release. Channel distributors, ISVs and resellers can take advantage of the reoccurring revenue opportunities the Cash-O-Matic™ Solution provides. “This innovative technology is a natural progression in our cash management solutions and the ability to serve customers’ immediate cash requirements worldwide.”
Disclaimer: Initial account verification is required prior to sending cash via the Cash-O-Matic™ solution. For the safety of our customers, objects other than paper currency are not recommended for digital transfer. Coin rolls and other formats of meaningful exchange are prohibited.
The Cash-O-Matic™ Solution will be available 4-1-2019. Customers who wish to find out more should contact: firstname.lastname@example.org.
- APG Cash Drawer