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Loomis Blog

Learn about the latest industry news and topics and how Loomis innovations and services are driving businesses forward.

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Why not accepting cash during a pandemic could hurt your business

This is an unprecedented situation that we’re all learning from and adapting to every day. Whether contactless payments are being mandated or encouraged in your industry, here are some of the top reasons why choosing not to accept cash could hurt your business.

Cash Management, Banking, Convenience Store, QSR
Three ways outsourcing CMS can benefit your financial institution during a major business disruption

Experts in the cash management industry have seen a major shift toward outsourced cash management services (CMS) in the past five years. Community financial institutions are increasingly seeing the benefits and savings in working with a partner that specializes in cash handling—especially when forced to work through a major business disruption like the one currently caused by the COVID-19 pandemic. 

Cash Management, Banking, ATM, Financial
The latest on our COVID-19 response—a nationwide effort, a united Loomis team.

The COVID-19 pandemic has challenged our organization, our customers, and our staff in ways we never anticipated, but we’ve also seen and found opportunity, strength, and character. We caught up with Randy Sheltra, our EVP of Risk Management, for a firsthand look at Loomis’ latest front-line efforts in responding to this unprecedented crisis.

Cash Management, Banking, Retail, Financial
How financial institutions are utilizing ATM cash forecasting

How financial institutions can optimize their operations with ATM cash forecasting—hear the latest insights from two industry-leading experts.

ATM, Banking, Cash Forecasting, Financial
Still servicing your own ATMs? Beware of these dangers.

In recent years, most financial institutions have shifted to using an armored carrier service to service and replenish their ATM machines. These businesses realize that the cost to outsource their ATM servicing needs to a professional cash management partner is well worth paying in comparison to the potential risks and loss of efficiency that come with handling this process on their own. 

ATM, Banking, Financial
Guiding Your Clients to the Right Cash Management Solution

For commercial business clients who accept cash as a form of payment, the need for a more sophisticated approach to handling cash is paramount for maintaining profitability. Familiarizing yourself with what different services cash management providers are offering better positions you to help clients identify their points of need and improve their operations—and their bottom line.

Cash Management, Banking, Financial, SafePoint
Five ways your financial institution can benefit from outsourced cash management

There’s been a tremendous shift toward outsourced CMS, with community financial institutions opting to work with either a partner that specializes in cash handling or a correspondent bank.

Cash Management, Technology, Banking, Financial
Why it’s crucial to have a cash management partner with a strong business continuity plan

This time last year, businesses in Texas, Florida, and Puerto Rico were dealing with the aftermath of some of the most severe hurricanes this nation has ever seen. It may not be something that crosses your mind every day, but having a cash management partner with a solid emergency response/business continuity plan can make all the difference in helping your organization recover after a crisis. 

Cash Management, Retail, Banking, Financial
How cash management enhances both commercial businesses and Treasury Management

Cash management continues to become more of a priority across numerous industries. With the right solutions in place, commercial businesses and financial institutions’ Treasury Management can both reap the benefits.

Cash Management, Financial, Banking