Premium Cash Solutions and Circle K announce €2.5m partnership
10 August 2021
Premium Cash Solutions (PCS) has completed a €2.5million partnership with Circle K for the installation of PCS SafePay end-to-end closed cash systems across 74 forecourts nationwide. PSC supply, install, maintain, and advise on a wide range of cash handling solutions to the retail, hospitality, leisure, forecourt and convenience store sectors
The newly installed SafePay systems will enhance levels of security at Circle K locations creating a safer environment for Circle K employees while also negating the potential threat of theft.
PCS SafePay system combines intelligent algorithms and cutting-edge technology to offer a secure payment solution. With SafePay, cash is never handled manually, and correct change is always given, therefore unexplained cash differences and the task of dealing with them are a thing of the past. Cashiers no longer need to have responsibility for cash at the till or back-office administration, eliminating cash shrinkage, discrepancies, and reconciliations from the daily cash process. Closed cash handling establishes a single, secure, controlled routine for the whole store and automates counting and checking, requiring minimal administration.
Paul Dixon, regional director of operations at Circle K said: “At Circle K, innovation is central to what we do, and we are constantly looking at ways in which to improve our operations for the benefit of our colleagues and customers. We are delighted to partner with SafePay and introduce its technology across 74 of our locations. The safety of our colleagues is a key priority for us at Circle K and the SafePay system enables us to enhance our level of security and deliver a safer environment for colleagues working at our locations and indeed customers visiting our stores.”
“While improving levels of security at our locations is the main objective behind the introduction of this new system, there is also the added and real benefit of a significant reduction in the level of administrative activity associated with traditional cash handling. This will be hugely beneficial for our colleagues enabling them to focus even more on the instore offering and level of customer experience, something which is really important to us at Circle K.”
Alan Condron, director at PCS, added: “We have worked with Circle K for some time, and we are delighted to have completed the roll out of our innovative SafePay solution to 74 of their forecourts nationwide. For many businesses, accepting and handling cash is virtually unavoidable and is a labour-intensive process. This translates into excessive labour costs and losses due to counterfeit fraud, administrative errors and even robbery. With cash still in circulation, manual tills are reaching the end of an era and are being replaced by automated systems that can better manage the journey of cash from the moment it leaves the customers’ hand until it reaches a business’ bank.”
“This level of investment from a global player in the forecourt industry simply proves that cash is still a key method of payment for retailers and it’s here to stay. We worked with the team at Circle K to adapt our products to their cash cycle and improve the cash management experience for everyone involved in the process whilst driving immense efficiencies relating to operational benefits, greater staff security, efficiency and control.”