MUNBYN says cash counters are still important as businesses manage mixed payments

MUNBYN is spotlighting automated money counters as businesses continue handling cash alongside cards and digital wallets. The company points to Federal Reserve data showing cash still makes up a meaningful share of U.S. payments and remains common across age and income groups.

Why it matters: - Businesses that still accept cash need faster ways to count, verify, reconcile, and prepare bills for deposit. - Federal Reserve data suggests cash is not fading out of everyday commerce, even as digital payments grow. - Mixed payment environments create operational pressure at the back office, not just at checkout.

What happened: - MUNBYN highlighted growing interest in automated cash counting as businesses balance digital payments with continued cash handling. - The company pointed to the 2026 Diary of Consumer Payment Choice from Federal Reserve Financial Services. - The survey found U.S. consumers made an average of 47 payments per month in 2025, with six cash payments, or about 14% of total payments. - Four out of five consumers used cash in the previous 30 days. - Ninety percent said they planned to continue using cash in the future. - MUNBYN says its business hardware portfolio includes thermal printers, barcode scanners, and cash-handling equipment.

The details: - Cash was the third-most-used payment instrument in the Federal Reserve survey. - Credit and debit cards together accounted for about two-thirds of consumer payments. - Adults 55 and older and lower-income households used cash more frequently than other groups. - Rural consumers reported more cash payments than consumers in urban and suburban areas. - Businesses may accept cash, credit cards, and mobile wallets at the same checkout while still needing to reconcile physical currency after transactions. - End-of-shift cash handling can include collecting register cash, separating denominations, counting bills, comparing totals with sales records, and preparing receipts for deposit. - Automated money counters mechanically count currency and, depending on the model, can identify denominations or flag potentially suspicious notes. - Mixed denomination counters can process different bill values together and calculate combined value where supported. - MUNBYN said its money counter line includes models such as the IMC22, which supports mixed denomination counting.

Between the lines: - The message is less about replacing manual cash controls and more about reducing repetitive counting and sorting work. - The Federal Reserve guidance underscores that counting bills is not the same as authenticating them. - Businesses still need internal controls for recording cash received, comparing register totals with sales data, verifying deposits, and handling discrepancies. - A counter’s speed matters, but so do supported currencies, detection functions, ease of use, noise, maintenance, and fit with existing workflows. - Hybrid payment behavior means many companies need hardware that supports both digital sales and physical cash operations.

What's next: - Businesses handling low cash volume may continue using manual counting. - Companies with multiple registers, multiple shifts, or higher bill volume may review automated counters as part of a broader cash-control process. - Organizations evaluating equipment will likely look at counterfeit detection separately from counting performance. - MUNBYN is positioning its cash-handling products as part of a wider business hardware stack for retail, e-commerce, shipping, and inventory workflows.

The bottom line: - Cash is still part of the payment mix, and businesses that take it need practical systems to count it, verify it, and get it to the bank safely.