Natwest and G4S are teaming up to pilot an intelligent cash management system that allows customer accounts to be credited daily with their cash intake without needing to visit a branch.
Functioning like an on-site automated deposit system, businesses can deposit cash into a G4S device which will be validated and credited to the accounts daily. Until the Cash-in-Transit provider visits to pick it up, it will be held securely held in the device.
Alison Rose, CEO, commercial and private banking, NatWest, says: “The intelligent cash solution is an efficient, secure and cost-effective way for cash reliant businesses to have access to that day’s takings without having to make a daily trip to their local branch, allowing them to spend more time on running their business.”
