MEBANE, N.C. — ArcaTech Systems, a supplier of transaction automation solutions for the financial, retail and self-service industries, has a new retail cash automation solution that allows merchants to control cash in retail environments.
Funds are automatically deposited and withdrawn from the secure system. Cash deposits can be transported to the retailer's financial institution at a later time. Ideal for large retail operations, ArcaTech's solution allows users to reduce costs and shortages while improving cash control and cash availability.
"Our back room cash automation solution represents the next technological leap in the cash cycle," said Aubrey Meador, vice president of ArcaTech. "We've replaced a manual, antiquated process and, in the process, lowered the costs of doing business."
Jim Halpin, ArcaTech's retail solutions director, believes merchants will dramatically improve the way they conduct banking transactions. "The industry has spent more than 40 years automating the cash cycle, but we are moving now to 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 centralized cash room 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 solution also improves fund availability and operational efficiency by speeding the time required to count, dispense or deposit funds.
