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NEWS

They say money doesn't buy happiness, but there's nothing quite like a child's face when they wake up to discover the tooth fairy has visited and left them a shiny coin (or two)...

These days, we take the making and collection of payments for granted, we can make payments electronically in seconds without any money physically changing hands which has made financial transactions possible at almost any time and virtually any place.


But where did It start?

If we take a step back in time, Coins were introduced as a method of payment from the 5 century BCE, they were made of electrum, an alloy of silver and gold. The invention of coins however, is still shrouded in mystery. In fact the word cash was originally


used to describe the type of round bronze coins with square holes. Transporting large sums of heavy bulk copper coins over long distances for traders to complete large commercial transactions could agreeably be impractical at times and In 118 BC promissory notes made of leather appeared in China - A promissory note is a financial instrument that contains a written promise by one party (the note's issuer or maker) to pay another party (the note's payee) a definite sum of money, either on demand or at a specified future date. These notes can be seen as a predecessor to regular banknotes.

The first known banknote was first developed in China in the 7th century and was used as currency for a long time before it found its way to other countries. When the famous traveller Marco Polo visited China, somewhere between 1275 and 1292, he found paper money so intriguing that he dedicated a whole chapter to it in his book. The Travels of Marco Polo", titled "How the Great Kaan Causeth the Bark of Trees, Made into Something Like Paper, to Pass for Money All Over his Country."

This money was used in China for more than 500 years before the practice began to catch on in Europe in the 13th century.


In 1694 the Bank of England was established to raise money for King William III's war against France. The Bank started to issue notes in return for deposits They were initially handwritten on handwritten Bank paper and signed by one of its cashiers and like a promise note they had a similar phrase "I promise to pay the bearer on demand the sum of ...." which still appears on British banknotes today.


On 17 March 1960, the first banknote featuring Queen Elizabeth II was initiated, Up until this point, Britannia had been the only character to appear on our banknotes. In 1946, a Brooklyn banker called John Biggins invented the Charg-It card, which was the first ever credit card, The direct debit system of payment collection followed in 1964 inspired by Unilever’s need to collect payments from ice cream vendors.

In the UK, Barclays bank issued the first credit card in 1966 and the debit card in 1987. As paying digitally continues to become widely accepted, there are still so many people that paying with cash is the only option and many people say that they like cash because It is a fast and convenient way to pay, also very widely accepted and It is helpful for budget management. According to the Bank of England, there are over 70 billion pounds worth of notes in circulation and as of October 2019, there were an estimated 29 billion coins circulating in the UK.


Over the next few weeks we will continue to explore the past and the role it has in our lives and the future. Come back next Wednesday for more articles - Simply signup here to our newsfeed to stay informed.


If you’d like to talk to us about specific security products or ask a question about any of our services, please email sales@csguk.com or call us +44 (0) 844 8000 448.

and we'll be more than happy to help...

 




As the UK faces another Lockdown, It's in our nature to plan and prepare... from our businesses to our homes, with the devastations and disruptions that Covid-19 has caused this year, it's easy to forget the good times.

Imagine the scene... it's a busy Saturday, whether you are in retail or hospitality the smell of freshly cooked food, freshly roasted coffee, fresh-cut flowers, freshly printed newspapers or freshly poured beer fills you with hope.


Your customers arrive at the point of sale to complete their purchases and are pleasantly surprised to find that they can now pay for their items without handing their cash over to your staff member and receive their change back, which is perfect for reducing contact. We have all seen self-service devices, they have proven to be popular and efficient across the retail sector and they are definitely a much quicker way of completing purchases and the best thing is they support a customers payment choice.

"Shining a light on the way business transact with their customers

Lincsafe have designed the Lincstation... A customer-facing pay station so sophisticated it transforms the way cash is handled."


"Please tell me more", I hear you say. The Lincstation is an automated intelligent and closed cash draw payment solution which also supports your customers' payment choice as it enables them to pay by Card, Cash or QR/2D (contactless payment method where payment is performed by scanning a QR code from a mobile app)


This can either be fitted to sit on top of the counter or be mounted into the counter at the point of sale and can be colour coded to match the counter. There is a display at the front and back of the device so your customer and member of staff both have visibility of the transaction in progress. The closed cash register leads to increased security as staff will not have access to open it and can be emptied by value conveyor, which reduces risk to your business. Its closed-loop intelligent cash recycler has a capacity of 1500 coins and 600 or 1200 notes, will help improve your businesses cash flow and reduce cash handling costs.



"But what is a Cash Recycler?", you ask! A cash recycler is a device that takes in cash as a deposit and stores the money in a built-in safe. It then reuses or recycles the same notes for later transactions where it would then be dispensed. The Lincstation improves customer service by enabling fast and automated cash payments, calculating and returning the change, so there's never a mistake with changing money. It also reduces cash handling and saves time for staff members counting the cash.


So, the next time you plan a new build or renovation, consider the LincStation. It's the perfect piece of equipment that would be used every day in any business to conveniently transact with cash.


Contact our team at CSGUK today to find out how the LincStation can be an integral part of your cash transacting business! Email us on sales@csguk.com or call us on +44 (0) 844 8000 448.

 

When witches go riding, and black cats are seen, the moon laughs and whispers 'tis near Halloween ...

This year we might not be able to celebrate Halloween as we usually would. We might not hear our doorbell ring and be greeted with little witches, vampires, ghouls and goblins hoping for a tasty treat! But whether your home is decorated in a style that would please Morticia Adams or you think it's all just a bunch of Hocus Pocus, CSGUK would like to offer you a treat with prices that are sure not to scare! "Yes, but how much?", you say?


Prices including installation start from:

Our systems are more affordable than you think! And there are no tricks - CSGUK offers tailor-made packages and our full-service approach ensures that your system is user- friendly, simple, trouble-free and effective at protecting your business.


So, don't be scared, Contact our team at CSGUK today and have chat!

Email us on sales@csguk.com or call us on +44 (0) 844 8000 448.

 

WHY USE US?

Found out about the benefits of our Service and Maintenance Division who offer everything from Installation & Repair to Relocation and Disposal... 

GET IN TOUCH

Tel: +44 (0) 844 8000 448
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CSG UK LIMITED

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Barton Industrial Estate
Faldo Road, Barton Le Clay
Bedfordshire, MK45 4RP

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© CSG UK LIMITED, Company Number 04661366;

Registered Office Address: 260-270 Great Marlings, Butterfield Business Park, Luton LU2 8DL

 

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