Single platform supports smart safes from all manufacturers across merchant locations
BROOKFIELD, Wis., Mar. 11, 2019 – Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that NationalLink Incorporated is using Fiserv technology to simplify cash management for merchants. With the integration of CorPoint® cash supply chain management software from Fiserv, the NationalLink cash management platform can now 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 via commercial banks and directly to large merchants.
Smart safes are used to accurately count and validate in-store cash payments, and they are typically only able to run on proprietary cash management software provided by their manufacturer. This can negatively impact efficiency for merchants, especially large enterprises that rely on smart safes from several different manufacturers, because staff have to maintain separate software subscriptions and spend significant amounts of time toggling between systems to run reports and access deposit information.
NationalLink leverages CorPoint, which can accept information from any smart safe regardless of manufacturer, to consolidate input from different smart safes into a single platform and give merchants a holistic view of their cash situation. The platform provides real-time access to audit-level views of all cash deposits, balances and pickups. Users can also leverage customizable settings to segment data according to cashier, denomination, location and other parameters for improved decision making and streamlined reporting.
“The proliferation of smart safes that rely on manufacturers’ software has hindered the ability for businesses to realize the full potential of these devices,” said Sam Kandah, president of NationalLink. “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, Fraud, Risk and Compliance, 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.”
In a world moving faster than ever before, Fiserv helps clients deliver solutions in step with the way people live and work today – financial services at the speed of life. Learn more at fiserv.com.
- CorPoint from Fiserv- co/2X6mjad
- Innovations in Remote Cash Capture white paper: co/2TXEXyU
About NationalLink Incorporated
NationalLink Inc. is an industry leader in cash handling solutions. Founded in 1992, NationalLink started as a merchant services acquirer and continues to offer payment solutions today. Since 1996, NationalLink expanded to providing complete ATM solutions, repairs, and armored cash management services. NationalLink’s growing network of 16,000 ATMs span across 50 states, Puerto Rico, the U.S. Virgin Islands, and now American Samoa. For more information, visit www.nationallink.com and see how NationalLink can help grow your business.
Fiserv, Inc. (NASDAQ: FISV) enables clients worldwide to create and deliver financial services experiences in step with the way people live and work today. For 35 years, Fiserv has been a trusted leader in financial services technology, helping clients achieve best-in-class results by driving quality and innovation in payments, processing services, risk and compliance, customer and channel management, and insights and optimization. Fiserv is a member of the FORTUNE® 500 and has been named among the FORTUNE Magazine World’s Most Admired Companies® for six consecutive years, recognized for strength of business model, people management, social responsibility and innovation leadership. Visit fiserv.com and follow on social media for more information and the latest company news.