ITL expands CashGenic suppliers throughout Europe

The COVID crisis highlighted the need for businesses to accept cash while maintaining social distancing. Paying by cash carries no fees so remains a popular choice of payment and cash in circulation is still on the increase.

Thorsten Labusch, VP of Sales & Business Development at ITL, commenting on the success of the roll-out, stated, “Using CashGenic gives customers payment choice by allowing those who still want to make cash payments to do so safely whilst eliminating the need for employees to handle cash. Besides, staff no longer need to count cash as the machine automatically does this, therefore saving time and generating greater efficiencies for the business. It also helps eliminate shrinkage and accounting errors as cash handling is automated.”

Christian Dieterich, CEO, Perfect Money, provider of innovative payment solutions based in south Germany said: “We decided to expand our product portfolio to include the CashGenic cash handling system and are proudly building the machines (renamed Vicky) here in Germany. This high-performance, smart cash dispenser has space-saving dimensions so fits onto any counter.  Several businesses were surprised to discover that when Vicky was installed, they saw an uplift in cash takings of around 10%.”

“Contactless payment is not only for cashless terminals. With CashGenic customers throw their coins into the machine or slide bills into it. The amount to be paid is entered and the correct change is given out by the device in coins and bills. It provides a safe way to protect your staff and customers without the need to handle cash at the checkout,” stated Patrick Vandeput, Automation Europe.

“Whether at the shift change or at the end of the day, sometimes the cash register is incorrect. There can be losses due to incorrect payment processes or incorrect giving of change, with CashGenic our customers have seen improvements in cash reconciliation, and it is successfully removing the counting time for staff at daily closing. I am delighted to see so many European partners have now committed to supplying our unit to enable hygienic cash payments. We currently have several CG partners (Moser Consult Group, DG Automation, Perfect Money, IT Media Consult, A.u.S Spielgeräteand Automation Europe) across Germany, Austria, and Belgium, and fully expect this list to continue to grow within Europe,” Thorsten added.