3 Key elements for optimising your cash verification process 

CHRISTMAS IS COMING TO TOWN!

Christmas is around the corner, which means that it is peak season for retailers and store managers all over the world. Besides all the holiday preparations, dealing with growing queues and demanding customers, you are also managing additional opening hours, online pick-up orders and gift-wrapping stations. On top of these added responsibilities, it is also important to oversee and execute your cash transactions and verification processes correctly, which can become very difficult or nearly impossible during these busy days. Leaving you and your business more vulnerable to fraud. Fraudster aim specifically at stores that are crowded, hectic or even understaffed. It is therefore critical that you protect yourself, your team and your business against them by optimising your cash verification process. Please read along to lean how you can optimise and automate these processes and avoid possible damages.

1. KNOWLEDGE

There are key elements to improving your cash verification process. The first one is knowledge. By educating yourself and your team about the current developments in the counterfeit market, you will increase your security significantly. Our website not only provides you with instructions on how to best check the authenticity of coins and banknotes, but it also contains information on which currencies are counterfeited most and need to be checked extra carefully. Simply click here to learn more.

2. SECURITY

Even though knowledge is power, you do need some help to fully protect yourself against counterfeits, as the naked eye cannot see everything. Our technology advances everyday, as are the tools that fraudsters use. It is therefore important that you have a solution that is just as advanced as theirs. By implementing an intelligent counterfeit detection system, you can detect and stop even the most sophisticated counterfeits. Giving fraudsters no chance of succeeding and harming your business, while you save yourself and your customers valuable time.

3. SAFE PLAN

The final element of optimising your cash verification system is to have a safe plan. By having the correct insurances and procedures in place, you will minimise any possible counterfeit damages done to your business. Make sure that you and your team know what to do if a counterfeit cash does get accepted, by checking your insurance coverage and local government rules.

By implementing and optimising these three key elements you make sure that you, your team and your business are protected during the holidays, making them happier for all!