Content about Embedded systems

Traditionally, cash office management and the reconciliation process have relied on manual procedures, such as counting currency and coin by hand, creating handwritten check deposits, and keying totals into the POS system. Many retailers have used the same cash office procedures for years, with the procedures inconsistently executed from store to store. Chain Store Age talked with Balance Innovations’ Janette Davis about how technology is bringing new efficiencies to cash office management.

San Diego -- EcoATM, a start-up known for its innovative kiosks that fully automates the buy-back of used mobile phones and other portable electronics, has made its first major expansion outside of California by installing 28 kiosks in malls throughout Texas. The automated kiosks, which are typically located in malls and grocery stores, allow people to exchange their used or broken electronics, ranging from iPhones to MP3 players, for cash.

Armonk, N.Y. -- An IBM "Institute of Business Value" study revealed that self checkout is the preferred way to shop for most consumers today, and more than half said they want to use a mobile device to scan while shopping, and to do final checkout at a self-checkout station. More than 40% want to scan samples and retrieve shopping items for pickup, or have the items delivered directly to their homes.

Houston -- ATM owner Cardtronics said Wednesday it has completed its acquisition of Access to Money, an operator of merchant-owned ATMs and provider of cash machines to two major multi-unit retailers.

“We anticipate an efficient and seamless integration of Access to Money's operations," said Steve Rathgaber, CEO, Cardtronics.

Duluth, Ga. -- A majority of U.S. consumers believe that self-service technologies such as self-checkout and kiosks improve the store experience, with almost half of younger shoppers preferring to use self-checkout in stores, according to a new survey by The NPD Group for NCR Corp.

San Francisco -- A Wednesday report by Bloomberg said that Google plans to start testing a mobile-payment service at stores in New York and San Francisco within four months.

Citing unnamed sources, Bloomberg said Google will pay to install thousands of special cash-register systems from VeriFone Systems at merchant locations. The plans haven’t yet been made public.

New York City -- At the National Retail Federation Convention in New York City on Monday, Fujitsu announced the unveiling of a new checkout technology that is designed to significantly reduce checkout times, improve customer experience and reduce operational costs.

The Kroger Co. is currently evaluating the new technology, called the Advantage Checkout System, in a limited number of its stores, according to Fujitsu. The team said they will demo the product live at the convention Jan. 10-13.