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Stephanie Jordan

Stephanie Jordan

Recent Posts

Community Banks and Credit Unions Alleviate Coin Shortage Fallout by Asking for Help from their Communities

Another one of the many consequences of the COVID-19 pandemic was the partial closure of the economy. Due to this partial closure, a nationwide coin shortage has developed because consumers are unable to spend their coins at local businesses that were temporarily closed or cut back on their operations. In addition, the U.S. Mint’s coin production also decreased at the beginning of the COVID-19 pandemic to keep employees safe. Additionally, we’ve seen an increase in online purchasing which yet ag...

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Topics: Branches and ATMs, Cash Management, Vault Cash

Logicpath and Loomis Partner to Help Financial Institutions Adapt to Their Need for Real-time Demand Changes in the Cash Supply Chain

Loomis, the world’s largest armored car carrier, and Logicpath have formed a strategic partnership to help financial institutions adapt to real-time cash supply chain challenges during the COVID-19 pandemic and beyond.

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nytimesgarda

Cloudy with a Chance of Cash

Last week, $175,000 of cash flew out on to one of Atlanta's busiest interstates after an armored truck carrier's door opened during the middle of their transport. Crazy, right? However, this isn't the first time there's been a roadway accident involving an armored truck and the loss of thousands, and even millions of dollars. There was an incident on the New Jersey Turnpike back in 2004 where the truck flipped over and more the $2 million was lost. Another incident, just last year, resulted in t...

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Topics: Cash Management