An elevated interest for retail self-encashment (also known as online encashment or remote deposit capture) is one of the leading cash management trends in 2018. The possibility of depositing outlet revenue and instantly transferring it to the retailer’s account using automated deposit machines (ADM) is high in demand. It is a service that many retailers are expecting from their banks.
Lowering the risks relating to cash gap. The collected revenue is instantly deposited onto the corporate account and can be used to cover rent, employee wages, supplier expenses etc.
Responsibility. After depositing, the enterprise is no longer accountable for the cash, as it becomes the responsibility of CIT services. There is no longer a need to insure cash funds or excessively invest in back-office security.
As for the perspective of credit and financial institutions, and CIT services, self-service cash collection as a service is viewed as a viable new branch of business.
Cash-in-transit services are interested in implementing such solutions to optimize expenses and risks. Their staff are able to work on individual schedules and no longer dependent on coordinating their time of arrival and do not waste time while documentation is prepared by trade and service enterprises.
The device and the encashment monitoring software package are available to our clients in Azerbaijan, Georgia, Uzbekistan, Kyrgyzstan, and other countries.
Learn more about the fractures of integrated ADMs on the solution website. If you are interested in the product and the prospects of its deployment, please contact BS/2 sales representatives for further information.
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