NationalLink, Fiserv help merchants simplify smart safe cash management
NationalLink Inc., a provider of ATM and merchant acquirer services and products, has teamed with Fiserv Inc., a provider of financial services technology solutions, to implement Fiserv CorPoint for merchant cash management.
Smart safes are used to count and validate in-store cash payments, and typically run only on proprietary cash management software from the manufacturer.
Fiserv CorPoint can accept information from any smart safe regardless of manufacturer. This allows the merchant to consolidate input from any number of smart safes into a single platform and obtain a holistic view of their cash situation.
With CorPoint integration, NationalLink can support all smart safes, regardless of manufacturer or location, and provide a centralized view of all cash transactions. The NationalLink cash management platform is available through commercial banks for small and medium-size merchants and direct to large merchants.
The platform provides real-time access to audit-level views of all cash deposits, balances and pickups. Additionally, customizable features allow the merchant to segment data by cashier, bank note denomination, location and other parameters for improved decision-making and streamlined reporting, the release said.
“The proliferation of smart safes that rely on manufacturers’ software has hindered the ability for businesses to realize the full potential of these devices,” NationalLink President Sam Kandah said in the release. “With Fiserv technology, we can unify data from different smart safes and across merchant locations to provide the visibility merchants need to manage cash effectively.”
“For many consumers, cash remains a preferred form of payment, but cash is labor-intensive for merchants to manage,” said Shawn Holtzclaw, senior vice president and general manager of fraud, risk and compliance at Fiserv. “Merchants are actively seeking ways to improve cash management efficiency, and NationalLink is meeting this demand with a single platform that provides a holistic, hardware-agnostic view of smart safe transactions.”