Premium Cash Solutions (PCS) today announced the completion of a new partnership worth a total of €2.5 million with Circle K for the installation of PCS SafePay end to end closed cash systems across 74 Circle K forecourts nationwide.
The newly installed SafePay systems will enhance levels of security at Circle K locations creating a safer environment for Circle K employees while also negating the potential threat of theft, PCS said.
“At Circle K, innovation is central to what we do, and we are constantly looking at ways in which to improve our operations for the benefit of our colleagues and customers," said Paul Dixon, regional director of Operations at Circle K.
“While improving levels of security at our locations is the main objective behind the introduction of this new system, there is also the added and real benefit of a significant reduction in the level of administrative activity associated with traditional cash handling," he added.
PCS SafePay System
PCS SafePay system combines intelligent algorithms and cutting-edge technology to offer a secure payment solution.
With SafePay, cash is never handled manually, and correct change is always given, therefore unexplained cash differences and the task of dealing with them are a thing of the past, the company explained.
Cashiers no longer need to have responsibility for cash at the till or back-office administration, eliminating cash shrinkage, discrepancies and reconciliations from the daily cash process.
Closed cash handling establishes a single, secure, controlled routine for the whole store and automates counting and checking, requiring minimal administration.
"For many businesses, accepting and handling cash is virtually unavoidable and is a labour-intensive process. This translates into excessive labour costs and losses due to counterfeit fraud, administrative errors and even robbery," commented Alan Condron, director at Premium Cash Solutions.
With cash still in circulation, manual tills are reaching the end of an era and are being replaced by automated systems that can better manage the journey of cash from the moment it leaves the customers’ hand until it reaches a business’ bank,” he said.