Top 6 Features Of Secure Cash Storage

By Jon Levin, Product Integration Manager, Star Micronics America, Inc.

Secure cash storage is a critical part of managing a retail or hospitality establishment, but it is often overlooked. Shop owners and managers smartly focus their energy on building sales, but if they are losing money to theft, their efforts are wasted.

Implementing a secure cash storage and management system involves a combination of proper hardware, installation, and software. Increased use of mobile devices as an alternative to traditional stationary point of sale systems provide many benefits to the retailer or hospitality operator, but can also pose new challenges when it comes to secure cash management.   

While some wireless peripherals make it easy for retailers and restaurant owners to process debit and credit card transactions anywhere in the store, the same cannot be said of cash transactions.  A cash drawer is traditionally a fixed peripheral placed in tandem with a POS (point of sale) system. Additionally, although stationary receipt printers are typically configured to “pop” cash drawers open when appropriate, this is not practical with portable receipt printers. Unless the cash drawer can be operated via the mPOS software, a manual, key-locked model is needed. This is neither a secure option, nor a manageable one.

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