A new brand signals the digital evolution of the company
Integration of new digital cash payment solutions with digital payment providers and point-of-sale systems
RICHMOND, Va., Dec. 16, 2021 (GLOBE NEWSWIRE) – The Brink’s Company (NYSE: BCO), the global leader in total cash management, route-based secure logistics and payment solutions, announced today the launch of a new brand product, BLUbeem by Brink’s. BLUbeem is a digital cash payment solution that makes processing cash fast and easy, similar to debit, credit, and other digital payment methods.
With BLUbeem, Brink’s places a secure, tech-enabled device at a customer’s site. The customer registers cash deposits using the BLUbeem mobile app and places the cash in the device on site. Brink’s digitally confirms that the deposit has been made and credits this deposit to any bank account the customer chooses. Brink’s then collects the money later, which works for both parties.
Brink’s is teaming up with digital payment providers to offer BLUbeem as part of a complete cash and card payment bundle solution. By integrating digital cash management, these payment providers can now offer their customers improved, real-time visibility of cash flow and the ability to make on-site cash deposits that settle as quickly as digital payments. .
In 2022, Brink’s plans to integrate BLUbeem into point-of-sale (POS) systems to offer merchants a complete solution for all payment methods directly in the platform’s user interface. This gives partners a new source of cash income by offering a total payment solution to their customers.
Rohan Pal, Chief Digital Officer, said, “We have a tremendous opportunity in the white space market. We estimate that approximately 1.6 million outlets in the United States do not have an effective solution for handling cash payments. By creating business partnerships with digital payment companies, we can leverage their sales channels to reach these merchants.
“BLUbeem gives customers faster access to their deposited funds and eliminates labor-intensive and sometimes risky trips to the bank, which is safer, more convenient and maximizes the productivity of store workers. Brink’s also provides deposit credit to customer’s bank, anywhere, from any location, so customers can consolidate cash deposits from all of their locations into one bank account, reducing fees and other administrative expenses.
For more information on BLUbeem by Brink’s, visit blubeempayments.com.
Alex Jost – Investor Relations
[email protected] or 804.289.9689
[email protected] or 816.842.8111
BLUbeem solutions are provided by Brink’s Capital LLC, an indirect wholly owned subsidiary of The Brink’s Company. The Brink’s Company (NYSE: BCO) is the global leader in total cash management, route-based secure logistics and payment solutions, including money transfer services, ATM services, cash management services (including outsourcing of safes, money handling and smart safe services), and international transportation of valuables. Our clients include financial institutions, retailers, government agencies, currencies, jewelers, and other business operations. Our global network of operations in 53 countries serves clients in more than 100 countries. For more information, please visit our website at www.brinks.com or call 804-289-9709.