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SafePay from Gunnebo

Cash has been around for 27 centuries and has proved to be one of mankind’s most successful inventions. It remains the most used and widely accepted form of payment in the world. On average, cash in circulation in South Africa has grown by 25% over the last decade and 60% of consumers pay in cash in the retail space. According to the ATM Association, 84% of payments in South Africa are still made in cash.

Gunnebo will be launching its latest intelligent cash handling product, SafePay, to the South African market at the Retail World Africa Show in March 2014. The Retail World Africa event hosts local and global leading solution providers and decision makers from across Africa, from a variety of key banking and retail industries. Patrick van Aart, global cash hand-ling director for Gunnebo will be presenting Gunnebo’s ways of improving efficiencies in managing and securing cash with its customers, with a focus on key trends in the global and African markets.

Gunnebo’s focus is to continuously simplify processes within chain of cash management and optimise cash cycle monitoring, thereby embracing automation in order to improve customer control over the cash process. Gunnebo’s focus on increasing cost-efficiency and further development on the import and export of real-time data, ensures that cash management will become more accurate and easier to control.

SafePay stands for completely closed cash handling. Both coin and note handling systems are strictly divided into open and closed areas. As soon as a coin or note has been accepted and registered by the system, it enters the closed area where it is no longer accessible by store staff or customers at any time. This ensures a closed system and prevents cash differences in every step of the cash handling process.

Gunnebo does not consider a system where it is possible to remove cash from the system without it being registered, or to add money to the system while manually entering the amount added to be a closed cash handling system. Such a system is not completely closed and the contents cannot be trusted as there is a risk of discrepancy.

Refilling: Both notes and coins are refilled in the same way as customers pay without direct access to contents. Amount refilled is verified and counted automatically.

Maintenance: Maintenance and problem solving by store employees is handled in an open area where coins/notes have not been credited and where there is never any access to the stored cash.

End-of-day: Notes are removed from checkout in closed transport cassettes which allows for a closed and controlled transport of cash to the back office. SafePay is also available with recycling cassettes that deposit cash to a back office Transfer Unit where cash is automatically deposited for CIT pickup. Coins are left in the checkout.

Internal recycling: SafePay can be configured with recycling transport cassettes. This allows cash to be transported to and from the checkout as well as between checkouts in a closed loop without staff having access to cash.

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