Home Business NatWest and G4S trail UK’s first intelligent cash management system

NatWest and G4S trail UK’s first intelligent cash management system

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NatWest and G4S trail UK’s first intelligent cash management system

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.”

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