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Safer cash handling for retailers

G4S Cash Solutions South Africa is offering tenants at The Gateway Theatre of Shopping peace of mind through a convenient, efficient and secure online cash collection and processing solution.

The way it works is the tenant simply secures the cash in a tamper-evident security bag for collection and captures details of the cash deposit on a secure G4S Web portal. An unarmed security officer will arrive to collect the cash and take it to the on-site cash processing centre.

The cash is then transported using a secure cross-pavement carrier (CPC). Should a criminal remove the cash from the security officer, the CPC’s dye stain technology will activate and render the bank notes unusable. At the cash processing centre, the deposit will be verified under watch of CCTV against the data the tenant captured on the Web. Tenants that do not have Internet access can also make use of the cash processing service, with G4S capturing the deposit data on their behalf.

Says Albert Erasmus, MD of G4S Cash Solutions: “No longer do Gateway tenants need to arrange for armed cash collection or ask their staff to take their cash to the bank to be deposited. This solution increases safety for tenants, shoppers and in-store workers at Gateway stores by offering a gun-free cash collection service.”

Erasmus continues: “In addition to the security benefits, our cash collection and processing services spares stores and their employees the time they used to waste queuing in the bank to deposit cash. Staff can focus on their jobs rather than banking. It also makes it easier for store owners to track and reconcile cash deposits, thanks to the electronic audit trail the solution offers.”

Store owners will know how much money is to be banked and when it is deposited – especially helpful for those monitoring cash across a number of stores remotely. A fully automated discrepancy management process notifies customers via e-mail as soon as a discrepancy is noted at the cash processing centre.

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