KORT Payments (KORT), a leading omnichannel payments provider, and Paythings, an AI-powered cash operations platform, announced a strategic partnership to bring Paythings’ smart safe technology and cloud platform to retailers across Canada, introducing a more efficient way to handle and reconcile cash.
Cash remains widely used in retail, but handling it still slows operations. Deposits are prepared manually, and access to funds can lag.
Paythings captures cash at deposit and makes it visible immediately. The Smart Safe secures funds in-store, while the cloud platform records deposits in real time. Funds are available as soon as the next business day.
“Retailers have been forced to work around outdated cash handling processes for too long,” said Clifford Richstone, Chief Revenue Officer of Paythings. “We’ve built a system that changes how teams operate. Cash handling becomes faster and more reliable, without relying on manual steps.”
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Through its collaboration with KORT, Paythings is extending this capability to retailers across Canada that are looking for a more efficient way to handle cash across one or multiple locations.
“There’s been very little innovation in how businesses handle
,” said James Good, Chief Revenue Officer at KORT. “What Paythings has built gives operators immediate visibility into their cash and a simpler way to manage it across locations. That has a direct impact on how efficiently stores run day to day.”
In practice, store teams spend less time preparing deposits and managers have a clear view of cash positions without waiting days for updates.
Retailers using Paythings typically see:
- 85–90% reduction in cash float with next-day deposit
- 25–60% reduction in shrinkage after replacing manual counting
- $500+ per month per location in savings from reduced deposit preparation and bank runs
The platform maintains a complete audit trail for every deposit and surfaces unusual activity across locations.
Paythings has processed billions in cash across multi-location retailers and is now bringing that experience to the Canadian market.
SOURCE: KORT Payments
