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John Angove

John’s passion for cash-handling efficiency has taken him behind the counters of c-stores and QSRs, the money rooms of most major retailers, grocers and even transit companies, and into some of the largest bank cash processing centers in the world. He has developed and implemented solutions involving and combining technology, armored transportation and cash vault services and he is named on six patents.

Career highlights include:

  • Being granted in 1987 a U.S. H-1 Visa based on special knowledge in cash handling.
  • Playing a leadership role in the development of the Brink’s CompuSafe™ Service.
  • Sitting on Canada’s Coinage Committee that provided industry input on the design of the highly successful dollar coin, the “Loonie.”

John has been a member of the Association for Financial Professionals since 1994.

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  • It’s a cash drawer – not a business!

    A LinkedIn discussion recently contemplated the question, “Should cashiers be required to pay back shortages?” Here are some snippets of the excellent dialogue: “Yes (They should pay back the shortages.) provided . . . only they had access.” “No! This creates a condition where the employee can take a short term loan from the register.” [...]

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  • Can we cycle-count cash?

    Retailers have learned that cycle-counting . . . the process of counting something often, but seldom everything at once . . . actually decreases shrinkage. That’s because they spot problem areas quickly, and can take action sooner. Would it work for cash? Is “Z” just an old key?  If like me you have saluted the [...]

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  • Have we marginalized Loss Prevention?

    When one side moves, they all move.  Any engineer will tell you, “Cost, Specifications, Schedule. It’s a triangle. Adjust 1 side, the other 2 sides move. ” For example, adding more features means your product will be developed later, and cost more. The same goes for Loss Prevention, especially in this economy. We define the LP [...]

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