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How to maximise your retail profits with cash recycling

Inside Retail

We can aim to maximise the quality of our product or service. Cash recyclers are devices that automate cash handling – accepting and dispensing cash; counting, authenticating, and storing money securely; and keeping an accurate accounting of the cash you have in your business. Cash-In-Transit (CIT) services. Banking fees.

Shrinkage 162
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Stoyan Kenderov on Preparing Your Business for Recession

Small Biz Trends

It causes monetary shrinkage to income and manufacturers, along with other businesses for an extended period of time. And aligning these two is not only an accounting problem; it’s an operational responsibility of a business owner.” The payment on the credit card goes to the vendor right away.

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The INFORM Act Curbs Online Fraud, Poses Business and Tech Challenges

Retail TouchPoints

Its primary purpose is to protect consumers by stifling sales of counterfeit, stolen and harmful products on online platforms — from ecommerce stores like Amazon, Etsy and auction sites to the many smaller marketplaces that may operate more locally or in niche categories. But compliance can be complicated.

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The Rise of Micro Markets in Airports

Retail TouchPoints

This, combined with workforce shortages, has caused airports to move more toward automation, with self-service check-in kiosks, baggage drops and mini stores. The growing exposure of travelers to self-service options has led to consumers preferring them as they are much more convenient than previous models.

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Organized Retail Crime is on the Rise, but AI Can Stop This Troublesome Trend

Retail TouchPoints

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC.