IDEA Week

In an age of Bitcoin, Apple Pay, Credit Cards, PayPal, Venmo, and countless digital payments, how does cash fit in and what is its future? Join us for a history of cash - from its humble beginnings to its future in our society.

Today, retail, grocery, hospitality, and many other industries leverage back-office automation to stay competitive as e-commerce and peer-to-peer consistently disrupt more and more businesses. To survive, companies continue to adopt robotics and automation, which work to streamline the back office and, as a result, allocate more time toward customer-facing operations. This same back-office automation is being applied to physical cash.

By leveraging cash recycling, cloud-based reconciliation, and other automation, cash can now be digitized. This contemporary management of cash lets operators save millions of dollars in legacy cash management costs while allowing customers to pay in cash, which remains a wildly popular form of payment despite its traditional nature. Like other automated back-office functions, automated cash management enables increased customer focus by shifting labor from the back office to the front of the organization.

Please join us as we explore the modern-day migration of cash into the digital realm and how physical cash is evolving to coexist with crypto-currency.