1. Part – Retail the new Bank, Is a future of cash desirable?

For fear of being infected by Covid-19 banknotes, consumers in Switzerland have increasingly switched to cashless payment methods. However, the question is whether a future without coins and notes is at all desirable.

Peter Villiger is in the opinion that both payment systems have advantages, but cash is indispensable in the worst case scenario. For more than 700 years, paying with money has been part of everyday life. Cash is always and for everyone usable. With the digital payment system, on the other hand, you think it’s super easy, just hold your debit card or smartphone close to the terminal and the purchase is paid for. But not everyone shares this opinion, especially older people, find it difficult to cope with new technologies. Who ever thinks it is only the older people who have problems is wrong. Younger people sometimes face unsolvable problems if the transaction simply don`t work or the procedure cannot be set up on the mobile phone. Not even going into details about the security of it.

If the end of cash were to be declared today, our society would have to make a conscious decision to exclude all those who depend on cash because no other means of payment are open to them.

But at the moment, there can be no talk of the end of cash. Even the payment behavior of Corona cannot change this. Meaning, we still have both alternatives.

Villiger Security maintains the opinion that the less cash is in circulation, the more important is the protection of it.
This is precisely why we work together with companies like Glory Global Solutions.

Who is Glory ?

Glory Global Solutions is a global provider of cash processing solutions and related consultancy services. From our point of view it is companies like Glory that can save all our cash. Especially in times of Corona their vision of a closed cash cycle is innovative. Especially in times of Corona, their vision of CASHINFINITY offers a great advantage, because you can pay with cash without the seller contact.

Cash management in the retail business is costly, time consuming and requires significant human resources. Its diverse delivery channel requires flexible modular solutions such as Cashinfitinity from Glory; which can provide accuracy, efficiency and security to meet the specific needs of different retailers. It is particularly beneficial in times of Corona, as cash can be used to pay without the retailer touching it.

The system can be adapted to the entire retail sector and also to use in supermarkets and hypermarkets. Existing cash register systems can be integrated for automated cash handling. It ensures greater security, improves productivity, leaves staff more time for customer service and increases the efficiency of cash handling. Its design allows easy integration into cash desks and self-checkout stations. Ergonomic user guidance with lighting control supports convenient operation of the device by the customer. In combination with the Back-OfficeSystem CI-100, a secure, closed cash management system can be implemented. A stacking cassette is available for installations without CI-100. As it is becoming increasingly rare for people to pay with cash, it is all the more important to protect our money.

For this reason, the CASHINFINFINITY® cassette is equipped with Villiger ink staining technology. If the cassette is attacked, the banknotes are stained immediately. Any attempted robbery is therefore worthless. Our ink systems are not only used in the cash register systems, but also in the back office, where they are installed in Glory cassettes.

In times like these, companies should stick together and work together. Only through companies like Glory it is possible to save the cash. Because money belongs to us citizens and it is important to protect it.