A different kind of cash disposal

Increasing fees for withdrawing cash from ATMs are an ongoing issue. More and more banks also reduce their opening hours making it even more inconvenient for customers to get cash. Christoph Budelmann proposes a countermovement in his latest column for Vending Management: Equipping new vending machines with cash withdrawal functionality. Suggesting this, he picks up the basic idea of his previous column: One has too much cash and needs to pay for its disposal; the other one doesn’t have it but needs it. With this, acquisition of cash gets less time consuming and will no longer be tied to increasing bank fees. Thus, cash is made available where it is needed. Technically speaking, vending machines can easily be updated. Especially for vending machines with high cash reserves this scenario becomes interesting. One instantly thinks of ticket vending machines which offer suitable locations as well as the needed technology to update them. Who wouldn’t like to withdraw cash fast, easily and inexpensively?

The entire article was published in Vending Management 04/2016