Volumatic Wins Most Innovative In-Store Solution At Fraud Awards

Fraud Awards provide further evidence of cash handling revolution, as Volumatic’s CCi sweeps to victory...

Volumatic’s revolutionary CounterCache intelligent (“CCi”) has won the Award for Most Innovative In-store Solution at this year’s Fraud Awards, emphasising the increasing importance of this new technology to a widening range of retailers. This follows a Queen’s Award for Innovation also presented to Volumatic for CCi.

The independent panel of judges, comprised of senior loss prevention executives from TM Lewin, Next, Harrods, Starbucks, Home Retail Group, American Golf, Michael Kors and Wilko made the award for CCi’s innovative approach to fraud and loss prevention in the cash handling process.

The CCi system replaces conventional cash handling processes; reducing the number of times cash is handled from as many as fourteen times to just once; when the cashier accepts the cash. The system also authenticates notes and stores them securely, so taking the “handling” out of the “cash handling” process.

The Award was presented before an audience of over 400, representing around 70% of the UK’s top 100 retailers, at a black tie evening held at Premiership football club Leicester City’s stadium.

Upon being presented with the Award James Harris, Commercial Director at Volumatic, said he was “accepting it on behalf of all those at Volumatic who had worked so hard to make CCi the tremendous success it has become.”

CCi has previously caused headlines following the announcement by Morrisons that they were massively streamlining their traditional cash handling processes by introducing CCi across their entire estate, leading to very significant savings and a redeployment of labour to more customer facing positions.

CCi also received further recognition later on in the evening at the Fraud Awards, winning a Highly Commended award for the Most Innovative Cross-Functional Product category.

The Fraud Awards showcases and celebrates the very best in retail fraud and loss prevention, people, processes, strategy and technology. Acknowledging the very best individual and team performances, innovative new products, winning industry strategies and of course crowning the Retail Fraud “LP Director of The Year”. http://www.retailfraud.com/retail-fraud-show/

About Volumatic
Volumatic is a global leader in the manufacturer of intelligent cash handling equipment, protecting over $2B of cash every day throughout North America, Europe and the rest of the world. Their customers in the retail, banking and leisure industries use Volumatic products to enhance security, reduce shrinkage and deliver process efficiencies. For more information, visit www.volumatic.com.