NatWest, G4S launch Intellgent Vault to enhance cash management for business

https://www.mobilepaymentstoday.com/news/natwest-g4s-launch-intellgent-vault-to-enhance-cash-management-for-business/
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NatWest, G4S launch Intellgent Vault to enhance cash management for business

NatWest launched an Intelligent Safe, under a partnership with G4S, which allows business to get a daily credit for their cash deposits, however without the need to take their daily cash deposits to their local branches. 

The system works by having the businesses deposit cash into the safe, which automatically counts and validates the deposits and credits the account with updated numbers. G4S provides the equipment, software and services and uses advanced scanning technology to verify notes and reduce fraud.

“We’re committed to using technology to find innovative ways to improve efficiency and enhance our customer’s experience,” Paul Thwaite, CEO, commercial and private banking at NatWest, in a company release. “Intelligent safe is an efficient, secure and cost effective way for cash reliant businesses to have quick access to that day’s takings, without making a trip to their local branch, thus improving cash flow and allowing them to spend more time on running their business.”

Cover image: NatWest

 


Topics: Mobile Banking, Region: EMEA

Companies: NatWest


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