ATMIA publishes study on growth prospects in the Retail Cash Management
SIOUX FALLS, SD (February 21, 2017) — ATMIA today published a new study on growth prospects in the Retail Cash Management sector of the United States.
Entitled “From ATMs to Smart Safes and Recyclers:Retail’s Next Big Step” and authored by industry veteran.
Michael Hudson, of MF Hudson Associates, LLC, the research paper predicts strong growth ahead for cash management automation in the nation’s retail sectors.
Unlocking the economic drivers of retail automation, the author stresses the benefits to businesses of expanding automation capability with evolving technologies like recyclers and smart safes. Hudson also debunks myths about cash going away, perpetuated in the media on an almost daily basis by the anti-cash lobby. Instead, he soberly analyses the ongoing role of cash for consumers and businesses.
The study estimates that there are about one million retailers in the US using cash management, ranging from low-tech operators to semi-automated and fully-automated operators.
“I’d like to congratulate Mike Hudson on identifying and articulating this substantial opportunity for growth in cash management automation,” Mike Lee, CEO of ATMIA, commented. “This trend can save on running costs, increase efficiencies and enable staff to attend to customer needs instead of counting cash and conducting other manual jobs.”
ATMIA is the leading non-profit trade association representing the entire global ATM industry. ATMIA serves more than 10,000 members from over 650 participating companies in 70 countries spanning the whole ATM ecosphere, including financial institutions, independent ATM deployers, equipment manufacturers, processors and a plethora of ATM service and value-added solution providers. ATMIA provides education, advocacy and connections to help its members keep abreast of industry news and developments; increase knowledge and professionalism; improve operational efficiencies; understand and influence regulatory processes; participate in the local, regional and global ATM community; and forge new relationships to advance their businesses. Founded in 1997, ATMIA has active chapters in the United States, Canada, Europe, Latin America, Asia-Pacific, Asia, Africa, India and the Middle East focusing on the unique needs and issues of each region. For more information, please visit atmia.com. Follow us on LinkedIn, Twitter, Facebook or YouTube.