Cashless Campus & Cash-to-Card kiosks

  • Cashless Campus & Cash-to-Card kiosks

    Posted by Mike Schmit on July 25, 2023 at 11:23 am

    Hello Everyone. I am doing some research related to Cash-to-Card kiosks and would love to find some college campus that have gone the cashless route and are working with Cash-to-Card kiosks (also known as reverse ATMs). While I am aware that some cities including New York, Washington, D.C., San Francisco and Philadelphia require merchants to accept cash – as do states such as New Jersey and Colorado – largely because of the potential harm to consumers who don’t carry plastic; there is a growing push to cut down on cash handling due to the administrative expenses associated with cash handling.

    Thanks so much for your time.

    Mike?

    ——————————
    Mike Schmit
    Interim Director
    University of Wisconsin Milwaukee
    Milwaukee WI
    (414) 229-5517
    ——————————

    Lynne Bell replied 2 years, 12 months ago 4 Members · 3 Replies
  • 3 Replies
  • jpelletier

    Member
    July 25, 2023 at 4:48 pm

    Hi Mike-

    I will cross-reply as well…
    We recently installed a cash-to-card kiosk in our union, in order to move away from cash for ticket sales, catering bars, and dining operations. Currently we are absorbing the activation fees for cards, because that still costs us less than what we were paying for armored car pick-ups for cash.

    That’s one of the reasons we can go away from cash in our operations, because we have an on-site option for people who do not have another means of payment. They also do not need to worry about exact change, or losing any of their money, because the gift card that is provided is as good as cash at any location that accepts cards. So a $10 card can be used for $6 in food in our dining area, and $4 across the street at starbucks, if they wish.

    Happy to connect if you have other questions!

    ——————————
    Jeff Pelletier, MA, MBOE, LSSBB
    Ohio Union Director
    The Ohio State University
    Columbus, OH
    614-292-3290
    ——————————
    ——————————————-
    Original Message:
    Sent: 07-25-2023 11:22
    From: Mike Schmit
    Subject: Cashless Campus & Cash-to-Card kiosks

    Hello Everyone. I am doing some research related to Cash-to-Card kiosks and would love to find some college campus that have gone the cashless route and are working with Cash-to-Card kiosks (also known as reverse ATMs). While I am aware that some cities including New York, Washington, D.C., San Francisco and Philadelphia require merchants to accept cash – as do states such as New Jersey and Colorado – largely because of the potential harm to consumers who don’t carry plastic; there is a growing push to cut down on cash handling due to the administrative expenses associated with cash handling.

    Thanks so much for your time.

    Mike 

    ——————————
    Mike Schmit
    Interim Director
    University of Wisconsin Milwaukee
    Milwaukee WI
    (414) 229-5517
    ——————————

    • Eve Esch

      Member
      September 4, 2023 at 3:08 pm

      Our Dining provider, Chartwells, has let us know they plan to go cashless in early 2024.

      They have shared their cost for providing the device is $18K

      What companies are folks using/considering using??

      If there are folks currently using, what happens if the machine isn’t functioning and an individual only has cash?
      Thanks!

      Eve

      ——————————
      Eve Esch
      Executive Director of Student Centers
      University of Houston
      Houston TX
      (713) 743-3040
      ——————————
      ——————————————-
      Original Message:
      Sent: 07-25-2023 16:47
      From: Jeff Pelletier
      Subject: Cashless Campus & Cash-to-Card kiosks

      Hi Mike-

      I will cross-reply as well…
      We recently installed a cash-to-card kiosk in our union, in order to move away from cash for ticket sales, catering bars, and dining operations. Currently we are absorbing the activation fees for cards, because that still costs us less than what we were paying for armored car pick-ups for cash.

      That’s one of the reasons we can go away from cash in our operations, because we have an on-site option for people who do not have another means of payment. They also do not need to worry about exact change, or losing any of their money, because the gift card that is provided is as good as cash at any location that accepts cards. So a $10 card can be used for $6 in food in our dining area, and $4 across the street at starbucks, if they wish.

      Happy to connect if you have other questions!

      ——————————
      Jeff Pelletier, MA, MBOE, LSSBB
      Ohio Union Director
      The Ohio State University
      Columbus, OH
      614-292-3290
      ——————————

      Original Message:
      Sent: 07-25-2023 11:22
      From: Mike Schmit
      Subject: Cashless Campus & Cash-to-Card kiosks

      Hello Everyone. I am doing some research related to Cash-to-Card kiosks and would love to find some college campus that have gone the cashless route and are working with Cash-to-Card kiosks (also known as reverse ATMs). While I am aware that some cities including New York, Washington, D.C., San Francisco and Philadelphia require merchants to accept cash – as do states such as New Jersey and Colorado – largely because of the potential harm to consumers who don’t carry plastic; there is a growing push to cut down on cash handling due to the administrative expenses associated with cash handling.

      Thanks so much for your time.

      Mike 

      ——————————
      Mike Schmit
      Interim Director
      University of Wisconsin Milwaukee
      Milwaukee WI
      (414) 229-5517
      ——————————

      • Lynne Bell

        Member
        September 5, 2023 at 12:59 pm

        We are a cashless campus and our current solution is a bit clunky. We have one location, our student union convenience store, that accepts cash to purchase food service gift cards.

         

        I received a quote from Ready Credit at about $20k per year plus $1 per card.  Ready Credit machines convert cash to Visa or Mastercard that can be used anywhere.  It is a full service solution and they troubleshoot issues directly with the consumer via text or telephone.   We won’t be using this service however because our cash management department is working on a solution.

         

        http://www.readycreditcorp.com

        Dylan Meyer

        dylan@readycreditcorp.com

         

         

        Good luck!

         

         

         

        Lynne J. Bell, M.A., CASP

        Assistant Vice Chancellor – Student Affairs

        Arkansas Union 634

        435 N. Garland

        Fayetteville, AR  72701

        (479)-575-2623

        lynnew@uark.edu

         

        ——————————————-
        Original Message:
        Sent: 9/4/2023 3:08:00 PM
        From: Eve Esch
        Subject: RE: Cashless Campus & Cash-to-Card kiosks

        Our Dining provider, Chartwells, has let us know they plan to go cashless in early 2024.

        They have shared their cost for providing the device is $18K

        What companies are folks using/considering using? 

        If there are folks currently using, what happens if the machine isn’t functioning and an individual only has cash?
        Thanks!

        Eve

        ——————————
        Eve Esch
        Executive Director of Student Centers
        University of Houston
        Houston TX
        (713) 743-3040
        ——————————
        ——————————————-
        Original Message:
        Sent: 07-25-2023 16:47
        From: Jeff Pelletier
        Subject: Cashless Campus & Cash-to-Card kiosks

        Hi Mike-

        I will cross-reply as well…
        We recently installed a cash-to-card kiosk in our union, in order to move away from cash for ticket sales, catering bars, and dining operations. Currently we are absorbing the activation fees for cards, because that still costs us less than what we were paying for armored car pick-ups for cash.

        That’s one of the reasons we can go away from cash in our operations, because we have an on-site option for people who do not have another means of payment. They also do not need to worry about exact change, or losing any of their money, because the gift card that is provided is as good as cash at any location that accepts cards. So a $10 card can be used for $6 in food in our dining area, and $4 across the street at starbucks, if they wish.

        Happy to connect if you have other questions!

        ——————————
        Jeff Pelletier, MA, MBOE, LSSBB
        Ohio Union Director
        The Ohio State University
        Columbus, OH
        614-292-3290
        ——————————

        Original Message:
        Sent: 07-25-2023 11:22
        From: Mike Schmit
        Subject: Cashless Campus & Cash-to-Card kiosks

        Hello Everyone. I am doing some research related to Cash-to-Card kiosks and would love to find some college campus that have gone the cashless route and are working with Cash-to-Card kiosks (also known as reverse ATMs). While I am aware that some cities including New York, Washington, D.C., San Francisco and Philadelphia require merchants to accept cash – as do states such as New Jersey and Colorado – largely because of the potential harm to consumers who don’t carry plastic; there is a growing push to cut down on cash handling due to the administrative expenses associated with cash handling.

        Thanks so much for your time.

        Mike 

        ——————————
        Mike Schmit
        Interim Director
        University of Wisconsin Milwaukee
        Milwaukee WI
        (414) 229-5517
        ——————————

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