Carrollton, Texas -based Tidel Engineering L.P. has announced its newest Sentinel Cash Management module, the Tidel Sentinel SCD-XL (Sentinel Control Device – extra long cassette). The Sentinel SCD-XL stores approximately 4,500 U.S. notes within a two-cassette cabinet, thus doubling the note capacity that has been available in the industry for many years. The SCD-XL offers [...]
Cash control practices are an essential part of any c-store operation—from having a cash management system in place to training employees in proper security protocol in everyday cash handling and in the event of a robbery. But more often than not, it’s in-house theft that c-stores need to be most vigilant about. “If you have [...]
Until recently, spending hours scanning through poor-quality videotapes was the only way Flash Foods could investigate “questionable” transactions in its stores. The company wanted to maintain a “presence” at the point-of-sale to deter internal theft, but it needed something that met the needs of its time-pressed managers. “The system we had in place was archaic, [...]
When he thinks of PCI compliance, Ed Freels, director of information systems for Honey Farms Inc. recalls an old t-shirt slogan from the 1970s, “It showed the AC130 gun ship from the Vietnam era and it said, ‘You can run, but you’ll just die tired,’ and PCI compliance is no different. The most dangerous merchant [...]
After a clerk was abducted from a Cedar Rapids Kwik Stop c- store Monday, May 17, attention has been drawn to the safety of clerks who work the late shift, KCRG-TV reported. It also has prompted c-stores to take a look at the safety measures they have in place. In Cedar Rapids, a law requires [...]
C-store operators are increasingly turning to advanced electronics to help stem the time of theft both internally and externally, including “smart” surveillance cameras and Internet-based security systems that can prompt and warn cashiers and track and record every store transaction. Stuart Levine, CEO of The Zellman Group in Port Washington, N.Y., a nationwide retail and [...]
More convenience store operators are phasing out their drop safes and replacing them with sophisticated cash management systems that perform a variety of functions more easily and quickly than ever before. One of those is the linking of computer networks for easier access to information throughout the organization. In doing so, cash shrinkage due to [...]
RETAIL THEFT 2009 Employee theft accounted for 35.2% of shrink dollars. 41.2% of retailers worldwide experienced a significant increase in shoplifting in 2009, attributable to the economic downturn. Shoplifting and employee theft in the U.S. cost retailers $42.2 billion from June 2008 to June 2009. Every American family was forced to pay an additional $435 [...]
A new study, sponsored in part by ADT and its Sensormatic Retail Solutions group, revealed the need for retailers to focus on technology solutions that enhance their current operational goals and combat theft without adding labor costs. They study, “Loss Prevention 2010: Retailers Battling Shrink in Touch Times,” found that during these challenging economic times, [...]