Retail theft is nothing new. Popular tactics for retail theft, however, are shifting. Turns out that nowadays internal theft is more prevalent than consumer theft. The U.S. retail industry hit a record-high employee theft rate in 2015 with a 43% overall revenue loss resulting from such theft. This amounts to $18 billion in retail product. So why the surge? […]
Attending this year’s Hospitality Industry Technology ConferenceHITEC in Houston? Visit us at Booth #1733 to learn about our automated cash management solutions and see a cash recycling demo! Our automated solutions offer back office efficiency for 600+ hotel properties world-wide. Our SecureDrop softwarestreamlines financial operations. This solution offers daily auto-reconciliation, manages over/shorts, and pairs with cash recycling machine hardware […]
As business becomes increasingly automated and you find your front office includes the likes of R2D2 and Wall-E, don’t disregard the benefits of robotics in the back office as well. It’s by far best to create comprehensive corporate automation. By equipping the front and back office with technology that eliminates error and increases efficiency, the […]
It may be surprising to some that a generation with access to a record number of payment options, still prefers one of the oldest payment methods – cash. From a variety of digital currency sharing and payment platform options to credit cards and cryptocurrency, millennials’ transaction choices are endless. Regardless, this demographicprefers to pay with cash. […]
Turns out paying with plastic is not for everyone and cash really is king. In fact, keeping cash payment as an option will help retain and grow your customer base. Here are three reasons why: 1. Not all consumers have access to credit cards… or banks. Approximately 7% of the populationdo not use a credit card. […]
Check out Evention on page 37 of Hospitality Upgrade’s Transforming Technology Today and Tomorrow. This special edition showcases technology at Marriott Hotels. We are thrilled to be highlighted as a technology provider for the Marriott Marquis Chicago. Evention is proud to work with hundreds of Marriott properties throughout the world to simplify cash and gratuity management.