Innovating Cash Management
Front-of-House/Security, Finance, Insurance & Law, Service Provider News, Financial & Professional Services, United Kingdom
NatWest has launched Intelligent Safe, a solution for same-day crediting of cash transactions without visiting a bank branch that has been developed with G4S.
Businesses using Intelligent Safe will be able to deposit cash into the safe which uses advanced note verification scanning to spot forged or invalid notes before they are added to the device for collection. It also allows businesses to hold their cash securely onsite, reduces losses due to administrative errors and fraud, and enables consolidated reporting of takings at the end of day for businesses with multiple outlets.
Cash deposits are credited the same day and held securely until the device triggers a collection from Cash-in-Transit provider, G4S, which is supplying the integrated solution - including equipment, software and services, to participating businesses.