Retail cash technology

The retail store staff deposit and receives notes and coins in the network connected any Cash Handling machine. The machine will send to CWC note, coins and cashier information, to allow for auditing and reconciliation. The CashWebCommunity (CWC) platform receives an electronic update from the cash handling machine, which allows the cash content and technical state to be visible in real-time. Daily CWC is able to precredit the retailer’s bank account to relieve the pressure on cash flow. With the use of a sophisticated algorithm CWC is able to auto-issue orders for collection and for change money to Cash-in-Transport (CIT) companies and counting for processing. End-to-end reconciliation is automated combining information from the cashiers (POS system), the retail terminals and the counted results at the cash center.