NatWest and G4S are working together to pilot the UK’s first intelligent cash management solution for businesses later this year.

The solution will enable businesses to benefit from automated cash account crediting without having to visit their local branch.

The intelligent cash solution works like an on-site automated deposit system. When businesses deposit cash into the G4S device, the cash is validated and their accounts are credited daily.

The cash is then securely held in the device until the Cash-in-Transit (CiT) provider visits the business.

During the pilot, G4S will provide the integrated solution including equipment, software and services to the participating businesses.

Additional benefits of intelligent cash management solution:

  • Validation of bank notes and forgery detection
  • Enables consolidated end of day reporting across multiple sites
  • Cash can be held securely on site
  • Reduces losses due to administrative errors and fraud
  • No need to “cash up” at the end of the day

Alison Rose, CEO of Commercial and Private Banking at NatWest, said: “We’re committed to using technology to find innovative ways to improve efficiency and enhance our customers’ experience.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.”