Besides simplifying and securing the administration of a cash transaction, this product also lessens the chances of robberies or losses wherever there are such transactions. Paulin Security has also exhibited this new product at the international trade fair, the EuroCIS, which is on currently.
So what exactly does ClosedCash do? The system offers different levels of solutions – from basic to the more evolved, tailored to meet a retailer’s special needs and routines. In a sense, ClosedCash is a new way of managing money in a transaction, and its makers say it is fairly easy to install and manage.
A Closed cash system, which is now common in Scandinavia, essentially replaces manual tills with recycling cash systems. Payment is counted and correct change paid automatically. From the time the money leaves a customer’s hands till the change is paid, the money is automatically secured and controlled without it ever getting into human hands.
"Our product portfolio has made us a leading supplier of cash handling systems and will now be complemented with a new line of products, ClosedCash", explains Bjorn Paulin, CEO founder of Paulin Security. "ClosedCash was first presented to customers at a McDonald's event in Monaco in November 2011. The interest shown at that event encouraged us to develop ClosedCash. Now, one-and-a-half year later, we are ready to launch ClosedCash ".
Founded in 1987, Paulin Security has been handling various online and offline cash handling solutions since then.
[Image Credits: Paulinsecurity]