Cashless payments have developed to become more than just an alternative payment method, offering a wide range of benefits to you, your staff and your organisation. Increasing optional staff benefits, improving welfare and introducing cost efficiencies are all ways in which your organisation could benefit from a GiroVend cashless payment solution.           

Employer / Organisation
GiroVend cashless payment solutions offer staff a quick and simple alternative to cash.

• It is important staff take a lunch break during their working day with evidence also suggesting it increases productivity. The quick speed of till transactions and additional benefits encourage staff to take a lunch break and so increase afternoon productivity levels.
• Pricing tariffs and varied user group pricing structures can be difficult to control, especially through vending machines. The GiroVend solution ensures quick and easy set up of group pricing structures and the back office management system allows for immediate additions or amends. This also eliminates the stigma which may be attached to using vouchers / tickets for meal purchases.
• When cash is used for payment, counting of change, sorting and bagging does leave a margin for human error, which may leave your organisation out of pocket. The GiroVend cashless payment solution takes away this margin for error as all purchases are paid for using the individual smart card. Staff can load funds on to their card account either by electronic payment credit or debit card using the GiroVend web based SmartPay system, via credit or debit card through the chip and pin kiosks or by using the coin and note loaders.
• The elimination or reduction of cash onsite does offer an increased security benefit. The opportunity for cash theft is virtually eliminated, creating a more secure working environment
• Within retail and manufacturing working environments there is often a restriction on staff carrying cash, both for their own safety and for security measures. In some environments where this is taken to the next level and staff are restricted from carrying any personal effects often their only carried item is their identification / access card. By introducing the GiroVend cashless payment solution this card can also provide access to an electronic purse, allowing staff to visit vending machines and staff restaurants without having to go back and forth to their lockers.
• With large office environments the GiroVend cashless payment solution offers an easy way to control and monitor all on-site purchases. The simple and efficient single card solution, can easily integrate with existing on-site card capabilities such as identification or access control, while offering a comprehensive range of reports to support decision making.
• Going cashless is a great way to keep employees on-site during lunch breaks. The multipurpose card encourages on-site spending as the user has already loaded funds on to their card account. Keeping staff on-site for breaks means they don’t have to travel off site for lunch, better utilise their time and they are more likely to return to their work stations on time, feeling satisfied they’ve had an adequate break.
• Offering points for loyalty or as an incentive scheme is a great way to reward staff. This scheme not only encourages on-site spending as staff have the incentive to build up points.
• Salary Sacrifice can be offered as an additional staff benefit, allowing staff the option to take free or subsidised meals in return for sacrificing part of their remuneration. The back office management capabilities of a GiroVend solution allow the Salary Sacrifice cashless payment scheme to be managed at an individual employee level with a comprehensive range of associated reporting options.

“For the busy office worker [cashless payments] could save quite a bit of time by not having to fiddle with change or spend time entering a PIN and waiting for a confirmation” www.itpro.co.uk

Caterer / Service Provider Benefits

• The GiroVend cashless payment solution is shown to increase the number of impulse purchases, thus increasing turnover.
• The back office management system for the GiroVend cashless payment solution offers a comprehensive of easy to use windows based transaction and audit reporting capabilities. Caterers are able to track purchasing patterns thus assisting stock control, monitor busy periods and downtimes and tailor the menu according to what sells.
• Cash is anonymous unlike your cashless payment card. Not only when and what was purchased be track but also who made the purchases. This way user groups can be identified (e.g. men usually purchase a full English breakfast where as women tend to choose the fruit and cereal option) and catered for.
• The remote site connectivity increases multi-site management capability. Any price changes can be made across single or multi-site organisations by the touch of a button, all controlled through the main management system. Individual management systems can be appointed at multiple sites if required. Management units can also be configured to only view the cardholder information specific to that site, using a system filter.
• Better utilise resources, as the cashless payment system is quicker and easer to use, less staff are required to run tills as the throughput is much quicker. Eliminating counting change, removes the factor of human error and allows staff to quickly process each sale.
• Prices and menu items are logged and can quickly and easily be changed on the touch screen till interface via the back office management system. This allows the till interface to change according to the menu, allowing staff to quickly identify what should be charged and process the sale. Multiple interface options can be created and stored (e.g. for breakfast, lunch and dinner) according to site requirements
• Hygiene is greatly improved through the use of the cashless payment cards. The till operator had no need to touch the card as the user inserts it in to the card reader. Cash is also extremely unhygienic and eliminating the requirement for it prevents staff from having to wash their hands between processing a sale and preparing food, creating greater flexibility amongst catering staff