Sign up for The Paypers newsletter Follow The Paypers on LinkedIn Follow The Paypers on Twitter Follow The Paypers on Facebook Follow The Paypers on Google +
The Paypers, paypers, Insight in payments, News, Reports, Events
 advertisement
E-invoicing, SCF & E-procurement

NatWest partners G4S for intelligent cash management solution

Tuesday 2 October 2018 | 10:57 AM CET

NatWest and G4S have partnered to test a pilot for an intelligent cash management solution in UK.

For the pilot, G4S will provide the integrated solution — including equipment, software and services — to participating businesses. The solution works like an on-site automated deposit system to give businesses the benefit of automated cash account crediting, without the need to visit their local branch.

Deposited cash is held in the device until a cash-in-transit provider comes to collect it.

This cash management solution aims to secure on-site cash storage, consolidate end-of-day reporting across multiple sites, and provide bank note validation and forgery detection. Also, the solution is meant to eliminate the need to "cash up" at the end of the day, as well as to reduce the losses due to administrative errors and fraud.

More: Link
 advertisement
 advertisement
 advertisement
 advertisement