In an increasingly digital world, we are called to consider: is cash on its way out? With the popularity of mobile payments, contactless credit cards, and direct payment apps like Venmo and Zelle, some assume physical currency is becoming obsolete. But that is not the case.

In reality, cash is essential. In fact, for grocers, financial institutions, and cash-heavy businesses, investing in cash-handling solutions is more important than ever. And companies like MVP Financial Equipment are here to make that easier, safer, and more efficient.

Let’s break down why cash still matters, and how the right tools can help your business manage it better.

Despite headlines pushing the rise of a “cashless society,” the numbers tell a different story:

• 16% of all U.S. payments are still made in cash, according to a Federal Reserve survey.
• 70% of Gen Z consumers reported using cash more in the past year, according to USA Today.
• 18.4% of U.S. households–roughly 49 million people–are unbanked or underbanked and rely heavily on physical currency.

Cash remains a critical payment method for those without easy access to banking, for budget-conscious consumers, and for people who prefer the privacy and control of cash transactions.

If your business deals with a high volume of cash, you already know the challenges:

• Long hours spent counting, balancing, and depositing cash
• Increased risk of theft or human error
• Expensive armored car pickups and third-party services
• Compliance issues around outdated or non-compliant machines

Labor shortages make these challenges even harder to manage. Grocery stores, for example, often don’t have the extra staff to securely handle large amounts of cash–or to oversee multiple self-checkout stations. Rising theft and shrinkage also mean it’s time for a smarter approach to cash handling.

Established in 2000, MVP Financial Equipment has built a reputation as a trusted provider of high-quality cash-handling technology. Serving both retailers and financial institutions nationwide, MVP offers solutions that improve cash security, reduce labor, and lower operating costs.

Whether you want to buy an ATM, lease a Smart Safe, or explore outsourcing ATM services, MVP provides reliable, customizable options backed by 1:1 customer service.

1. Refurbished ATM Machines: Affordable and Eco-Friendly

Buying a brand-new ATM isn’t always in the budget–especially for small retailers, credit unions, or independent grocers. That’s why MVP offers refurbished ATM solutions that are:

• Fully compliant with ADA, PCI, and EMV standards
• Thoroughly tested and restored to like-new condition
• Eco-friendly and cost-effective
• Supported by MVP’s maintenance and service team

If you’re looking to expand your ATM footprint without breaking the bank, a refurbished ATM is a smart starting point.

2. Smart Safe Solutions: Safer Deposits, Real-Time Data

A Smart Safe is one of the most powerful tools a cash-heavy business can implement. These intelligent safes do much more than store bills–they automatically count, validate, and log every deposit while transmitting data directly to your financial institution.

Smart Safes not only reduce the risk of theft, but they also dramatically cut down on time spent manually handling cash.

3. TCR (Teller Cash Recycler): Automate Your Cash Counters

For financial institutions and large retailers, the TCR (Teller Cash Recycler) is a must-have. It replaces the traditional manual cash drawer with an automated system that:

• Accepts, authenticates, and stores bills securely
• Dispenses cash in real time for faster customer service
• Reduces balancing errors and manual cash counting
• Speeds up end-of-day reconciliation

Check out MVP’s full guide to TCRs to learn more about CIMA TCRs and other reliable brands. 

4. Outsourcing ATM Services: Full-Service Simplicity

Running your own ATM network can be time-consuming and expensive. That’s why MVP offers outsourcing ATM options that allow you to offer ATM access to customers–without handling the logistics.

Services include:

• Installation and placement of full-function ATMs
• Cash loading and replenishment
• Maintenance and compliance support
• Software upgrades and remote monitoring

From small retailers to regional banks, outsourcing ATM operations is a cost-effective way to expand services and improve uptime.

MVP isn’t just a vendor. It’s a consultative partner. Our team works closely with you to identify the right solution based on your cash volume, risk tolerance, and operational needs.

Here’s what makes MVP different:

• Unbiased recommendations: MVP isn’t tied to a single manufacturer, so you get the best fit–not the most expensive one.
• Sustainability focus: Refurbished equipment reduces waste and environmental impact.
• Customization: Solutions are tailored to your business model, whether you’re a grocer, dispensary, bank, or retailer.

Cash may no longer be the default payment for everyone, but it’s still a powerful, preferred option for millions. In fact, when managed correctly, it can be more cost-effective and secure than digital payments for many businesses.

Rather than phasing it out, the smart move is to modernize how you handle cash, and tools like Smart Safes, TCRs, and refurbished ATMs make that possible.

Whether you’re a small grocer looking to buy an ATM, a bank considering outsourcing ATM services, or a retailer exploring automation, MVP Financial Equipment can help you transform your cash management strategy from a challenge into a competitive advantage.

Ready to rethink how your business handles cash?

Schedule a free consultation with our expert team to discuss your needs and discover the best combination of equipment and services for your business.

Want to see what’s available?
Visit MVP Financial Equipment’s Products Page to browse:

• Refurbished ATMs
• Smart Safes
• CIMA TCRs
• Self-service kiosks
• Night depositories
• ITMs and more

With flexible, scalable solutions, MVP has everything you need to take control of your cash handling and stay competitive.

Sources: 

1. (2025, May 7). Fifth Third Explains the Value of Cash Automation in Grocery Retail. Progressive Grocer