‘Recycle, Recycle, Recycle’ – Q&A with Paco Terrasa-Been, Capstone
As a result of the recent growth in smaller retailers adopting cash management technology, we spoke with Paco Terrasa-Been of Capstone, a cash management solutions specialist, to see what the situation is with this technology.
Q. From your point of view what are the reasons your customers want to buy the recycling systems?
A. Most of the retailers are looking for Enhanced cash management, reducing the necessary time to prepare cash floats for point of sale equipment. They are also trying to achieve greater control in terms of reducing fraud. Other key issues are Hygiene, Security, Transaction processing time.
Q. What is the biggest unexpected benefit to them?
A. The majority of users see tangible cost reductions and are pleased that the ROI really can be achieved in 1 to 1.5 years.
Q. What key feedback have you had after a customer starts to use the system?
A. When you speak with customers after installation the cashiers love the system because they have far less stress about taking care of giving proper change and the Managers/store owners love the system because the time taken to administer cash is greatly reduced.
Q. When customers first approach you about cash management systems what fears do they have?
A. The biggest fear is the expected cost of implementing such systems, it seems that many customer assume that it would not be viable for the smaller retailer. I am pleased to say that for the main part we can put their mind at rest about this.
Q. And finally, do Capstone have any upcoming events where we can see this technology in action?
A. Yes we will have the systems at the upcoming Euroshop, Saveur et Metiers and Internorga shows.
If you would like any further information on any of our coin handling products, feel free to contact our team for an initial discussion. Tel: 01892 518173 Email: firstname.lastname@example.org or check out Capstones website www.capstone.works
Are arcades still a viable business?
The first popular “arcade games” included early games such as shooting galleries, ball-toss games, and the earliest coin-operated machines, such as those that claimed to tell a person’s fortune or that played mechanical music.
In the 1930s the first coin-operated pinball machines emerged. These early amusement machines differed from their later electronic cousins in that they were made of wood. They lacked plungers or lit-up bonus surfaces on the playing field, and used mechanical instead of electronic scoring-readouts. By around 1977 most pinball machines in production switched to using solid-state electronics both for operation and for scoring.
These days though, coin-operated games are far more intelligent as the industry sees a resurgence in arcade amusements popularity.
The question is…. are arcades still a viable business?
The answer: Yes, but they need to adapt to modern times. It’s no longer enough to rely purely on nostalgia.
For many successful arcades, it’s finding a perfect balancing act between old technology and modern business models.
What are your thoughts? Are amusement arcades a dying trend? Or do you frequently visit your local seaside venue?
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Smart Tokens – the smart choice?
Smart cards are a normal part of daily life for us all, but what about smart tokens? You know, those little round ‘thingys’ that everyone keeps talking about….
A security/smart token (sometimes called an authentication token) is a small hardware device that the owner carries to authorise access to a network service. The device may be in the form of a smart card or may be embedded in a commonly used object such as a key fob.
Smart tokens often require a password in order to function. This provides the token some certainty that the person using it is the person who is supposed to be using it!
But… this isn’t always necessary – for some applications, entering a password each time the token is used is more trouble than it’s worth. In general, if a person can use the token to spend money or access sensitive data, it will have a password. The user enters the password on his keyboard, or directly into the token via a keypad. Even if the computer has been hacked to record passwords, that won’t allow anyone to break the system; they still have to get possession of the smart token! Clever huh?!
In theory, smart tokens offer the same technology as smart cards, but presented in a different form with some level of increased security. We have the solutions to dispense these tokens, encode them, and we can even manufacture and supply the tokens themselves.
They can also be manufactured with Mifare technology – The leading brand of contactless IC products!