Fiserv powers NationalLink’s smart safe technology
NationalLink will deploy Fiserv’s CorPoint cash supply chain management software to help with the use of smart safes, reports David Penn at Finovate.
FIserv’s CorPoint will provide real-time data on cash supply
Smart safes support the accounting and validation of in-store cash payments, and are typically only able to run on the proprietary cash management software of their manufacturer. Fiserv’s CorPoint can accept data from any smart safe, as well as consolidate data from different smart safes into an all-encompassing view of cash status.
CorPoint also provides real-time access to audit-level views of cash deposits, balances, and pickups. The platform allows users to aggregate and segment data by cashier, denomination, location, and other factors. This includes gaining the possibility of accessing smart safe data regardless of location.
“For many consumers, cash remains a preferred form of payment, but cash is labour-intensive for merchants to manage,” Fiserv SVP and GM for fraud, risk, and compliance Shawn Holtzclaw explains. “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.”
NationalLink provides cash handling solutions, including complete ATM solutions and armoured cash management services. The firm’s network of 16,000 ATMs reaches all 50 states of the US, as well as the Virgin Islands, Puerto Rico, and American Samoa. The company was founded in 1992 as a merchant services acquirer.
Fiserv joined Samsung SDS on the Finovate stage last spring to demo the integration of Samsung SDS’ biometric authentication and collaboration solution into its Commercial Center: Security (CC:S) product. Founded in 1984 and based in Brookfield, Wisconsin, Fiserv announced at the beginning of the year that it would merge with First Data Corporation in an acquisition valued at $22 billion.
