|By Business Wire
|April 30, 2014 04:52 PM EDT
Alternative currencies, such as Bitcoin, are making headlines, and many
retailers are paying increasing attention to their potential. However,
although these innovative currencies may be in the news, awareness among
U.S. consumers is still quite low. In fact, in a recent survey, an
overwhelming majority – 76% – said they were not at all familiar with
Since alternative currencies aren’t likely to become commonplace in the
near term, it’s no surprise that checks remain a highly-used method of
payment. Results from a 2010 Federal Reserve Payments Study reveal that
24.4 billion checks are written in the U.S. annually – with 27.8 billion
checks written in 2009 valuing $32.4 trillion and an average of $1,165
Allison, the leading innovator and provider of check, currency and
coin handling solutions as well as ATMs, shares how retailers can
continually be prepared to efficiently handle check payments.
Checks are Still a Popular Form of Payment
According to the aforementioned survey, 79% of consumers would never
consider using Bitcoin, and younger consumers are no more likely to be
aware of Bitcoin than the older respondents. Only 11% of the consumers
over 65 years old said they would be willing to use an alternative
There are a number of reasons that many consumers may still prefer
traditional payment forms, like checks, including:
Enhanced security to thwart fraud. Should a shopper’s wallet or
purse become lost or stolen, thieves can often carry out small credit
or debit card purchases without a signature. Yet, banks and merchants
require a signature on a check. Thus, fraud is much more difficult
with a check versus other payment methods.
Ease of use. One in five U.S. households, or 20%, do not have
Internet access.⁴ Unable to have access to funds
electronically, many customers find it easier to just write a check.
Retailers must still be able to cater to patrons that don’t have
Internet access or may not be tech-savvy.
Broad acceptance, enhanced security to protect sensitive information,
and ease-of-use are just a few reasons why retailers are experiencing
sustained use of check payments. As such, retailers across the country
must continue to be prepared to handle and process checks efficiently.
Handling Checks with the Proper Processing Technology
Consumers benefit from the security and flexibility afforded by the use
of checks. To ensure quick and accurate processing of these forms of
payment, retailers should leverage the latest in check
processing technology, which is capable of capturing 400 items per
By investing in an updated check scanning machine that can also process
cash, retailers are able to spend less time processing transactions and
spend more time on the floor with shoppers, enhancing their experience
and encouraging them to purchase more products. The ability to process
multiple forms of payment on the same equipment can also cut costs and
streamline daily operations.
For more information on the benefits of check scanning and processing
equipment, visit cumminsallison.com/checks.
1, 3 OMNITEL poll by GfK
North America, January 2014
² Federal Reserve System, http://www.frbservices.org/files/communications/pdf/research/2010_payments_study.pdf
⁴ Face the Facts, http://www.facethefactsusa.org/facts/20percent-of-American-Households-Still-Offline
About Cummins Allison
Cummins Allison is a global leader in developing solutions that quickly
and efficiently count, sort and authenticate currency, checks and coin.
We also offer a complete line of full-function automated teller machines
(ATMs). Our leadership in technology and product innovation spans more
than 125 years. Cummins Allison serves the majority of financial
institutions worldwide, as well as leading organizations in retail,
gaming, law enforcement and government. Ninety-seven percent of our
customers would recommend our products and services. The company holds
more than 350 patents and invests double the industry average in R&D.
Our world-class sales and service network includes hundreds of local
representatives in more than 50 offices in North America, wholly-owned
subsidiaries in Canada, the United Kingdom, Germany, France, Ireland and
Australia and is represented in more than 70 countries around the world.
For more information, visit cumminsallison.com.
“We are a managed services company. We have taken the key aspects of the cloud and the purposed data center and merged the two together and launched the Purposed Cloud about 18–24 months ago," explained Chetan Patwardhan, CEO of Stratogent, in this SYS-CON.tv interview at 15th Cloud Expo, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 4, 2015 06:30 PM EDT Reads: 2,749
SYS-CON Events announced today that CenturyLink, Inc., a leader in the network services market, has been named “Platinum Sponsor” of SYS-CON's 16th International Cloud Expo®, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY.
CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and ...
May. 4, 2015 04:15 PM EDT Reads: 1,117
Database apps on mobile devices shouldn't stop working when there's limited or no network connectivity.
In his session at 16th Cloud Expo, Bradley Holt, a Developer Advocate for IBM Cloudant, will discuss how to bring data stored in a cloud database to the edge of the network (and back again), whenever an Internet connection is available.
He will demonstrate techniques for replicating cloud databases with mobile devices in order to build offline-enabled mobile apps that can provide a better,...
May. 4, 2015 04:00 PM EDT Reads: 968
In his session at 16th Cloud Expo, Simone Brunozzi, VP and Chief Technologist of Cloud Services at VMware, will review the changes that the cloud computing industry has gone through over the last five years and share insights into what the next five will bring. He will chronicle the challenges enterprise companies are facing as they move to the public cloud.
He will delve into the “Hybrid Cloud” space and explain why every CIO should consider ‘hybrid cloud’ as part of their future strategy to a...
May. 4, 2015 03:46 PM EDT Reads: 513
While Docker continues to be the darling of startups, enterprises and IT innovators around the world, networking continues to be a real mess. Indeed, managing the interaction between Docker containers and networks has always been fraught with complications. Without automation in networking, the vision of running Docker at scale and letting IT run the same apps unchanged on the laptop and in the data center or for any cloud cannot be realized.
May. 4, 2015 02:56 PM EDT Reads: 475
"Blue Box has been around for 10-11 years, and last year we launched Blue Box Cloud. We like the term 'Private Cloud as a Service' because we think that embodies what we are launching as a product - it's a managed hosted private cloud," explained Giles Frith, Vice President of Customer Operations at Blue Box, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 4, 2015 02:30 PM EDT Reads: 3,598
Puppet Labs on Wednesday released the DevOps Salary Report, based on salary data gathered from Puppet Labs' industry-recognized State of DevOps Report. The data confirms that market demand for DevOps skills is growing, and that DevOps engineers are among the highest paid IT practitioners today. That's because IT organizations today are grappling with how to be more agile and responsive to the business, while maintaining the stability of their infrastructure. DevOps practices, such as continuous ...
May. 4, 2015 02:15 PM EDT Reads: 2,160
"SOASTA built the concept of cloud testing in 2008. It's grown from rather meager beginnings to where now we are provisioning hundreds of thousands of servers on a daily basis on behalf of customers around the world to test their applications," explained Tom Lounibos, CEO of SOASTA, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
May. 4, 2015 02:15 PM EDT Reads: 3,429
Docker is becoming very popular--we are seeing every major private and public cloud vendor racing to adopt it. It promises portability and interoperability, and is quickly becoming the currency of the Cloud.
In his session at DevOps Summit, Bart Copeland, CEO of ActiveState, discussed why Docker is so important to the future of the cloud, but will also take a step back and show that Docker is actually only one piece of the puzzle. Copeland will outline the bigger picture of where Docker fits a...
May. 4, 2015 02:15 PM EDT Reads: 5,224
In a world of ever-accelerating business cycles and fast-changing client expectations, the cloud increasingly serves as a growth engine and a path to new business models. Dynamic clouds enable businesses to continuously reinvent themselves, adapting their business processes, their service and software delivery and their operations to achieve speed-to-market and quick response to customer feedback. As the cloud evolves, the industry has multiple competing cloud technologies, offering on-premises ...
May. 4, 2015 02:00 PM EDT Reads: 3,016
“This win means a great deal to us because it is decided by the readers – the people who understand how use of our technology enables new insights that drive the business,” said Matt Davies, senior director, EMEA marketing, Splunk. “Splunk Enterprise enables organizations to improve service levels, reduce operations costs, mitigate security risks, enhance DevOps collaboration, create new product and service offerings and obtain deeper insight into customer behavior. Being named Best Business App...
May. 4, 2015 02:00 PM EDT Reads: 2,848
In his session at DevOps Summit, Andrei Yurkevich, CTO at Altoros, provided an overview of all the benefits and opportunities, as well as drawbacks of deploying Cloud Foundry PaaS with Juju and compared it to BOSH. Discover the features that overlap, and understand what Juju Charm is, what it is not, where you use one or the other or where you use both BOSH and Juju Charms together.
Andrei Yurkevich is Cloud Foundry protagonist and CTO at Altoros. Under his supervision, the Altoros engineering ...
May. 4, 2015 01:30 PM EDT Reads: 3,485
SYS-CON Events announced today the DevOps Foundation Certification Course, being held June ?, 2015, in conjunction with DevOps Summit and 16th Cloud Expo at the Javits Center in New York City, NY.
This sixteen (16) hour course provides an introduction to DevOps – the cultural and professional movement that stresses communication, collaboration, integration and automation in order to improve the flow of work between software developers and IT operations professionals. Improved workflows will res...
May. 4, 2015 01:30 PM EDT Reads: 3,300
Avnet, Inc. has announced that it ranked No. 4 on the InformationWeek Elite 100 – a list of the top business technology innovators in the U.S. Avnet was recognized for the development of an innovative cloud-based training system that serves as the foundation for Avnet Academy – the company’s education and training organization focused on technical training around top IT vendor technologies. The development of this system allowed Avnet to quickly expand its IT-related training capabilities around...
May. 4, 2015 01:30 PM EDT Reads: 581
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world.
Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises a...
May. 4, 2015 01:26 PM EDT Reads: 444