February 12, 2013, Mt. Prospect, IL—Cummins Allison, the leading innovator and provider of currency, coin and check handling solutions, today announced its latest solution offerings for retail back-office processing.
Cummins Allison now offers a back-office solution for retailers that allows them to count cash and checks on one device and integrate that device with a high-speed coin sorter. Cummins Allison’s JetScan iFX® check and currency scanner connected with the JetSort® coin sorter enables retailers to count down checks, currency and coin, and makes preparing a deposit more efficient and accurate than ever before. Utilizing this retail processing solution, checks can be deposited to banks or credit unions immediately and directly, providing retailers savings from eliminating check deposit fees. It also affords retailers extended deposit deadlines and allows for access to funds sooner.
Complimentary Back-Office Solutions save Retailers Time and Cut Costs
The new check processing solution compliments Cummins Allison’s existing retail back-office solutions, including the Cash Drawer Processing System (CDPS). The CDPS incorporates a JetScan® currency scanner to count mixed cash, and a JetSort coin sorter to count the coin and return it directly back into the till, saving retailers money in rolled coin charges. The system also instructs the user on how to rebuild the till back to the starting float (i.e. till bank), with all information printed on a single report. With the entire process taking fewer than two minutes, retailers save time in the back-office so they can spend it performing other valuable tasks, and the automation reduces errors, further saving time by avoiding re-counts.
“Our retail solutions significantly cut costs, save time and make back-office processing much more efficient,” said Doug Mennie, president, Cummins Allison. “One of the largest national retailers has cut their counting and deposit preparation time by an hour-and-a-half per shift, per day. The solution paid for itself in less than a year, and they estimate savings of millions of dollars over the next several years.”
Cummins Allison offers additional solutions for back-Office processing, including a scale system, coin rolling and tubing solutions and cash room management software. For more information on how retail back-offices can save time and money with innovative solutions, visit cumminsallison.com.
About Cummins Allison
Cummins Allison is a global leader in developing technologies which count, sort and authenticate currency. The U.S.-based company has a 125 year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government. Cummins Allison is headquartered near Chicago, IL and operates wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany and France. For more information, visit cumminsallison.com.
Carol Moore – Vice President Marketing
Cummins Allison Corp.
Tel: 847.759.6403 Tel: 312-873-3423
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