Protecting Your ATMs and ITMs from Theft, Vandalism, and Cyber Attacks

Man at atm machine

ATM Theft, Vandalism, and Cyber Attacks Are on the Rise ATMs and ITMs are essential customer service points—and frequent targets for criminals. Their visibility and cash access make them vulnerable to physical attacks, fraud, and cybercrime. Alarming Trends: ATM attacks have surged nearly 600% since 2019, peaking in 2021 but remaining high. Insurance claims for … Read more

A Guide to Proper Vault Management and Asset Security

Shields vault management cash concept

Financial institutions know trust isn’t just earned, it’s safeguarded. While cybersecurity often dominates the conversation, physical security, especially in the vault, remains a critical part of protecting customer assets. Cash and coins still flow through branches, and how they’re secured matters as much as how data is encrypted. Armored vault management today is more than … Read more

The Impact of Banking Deserts on Banks and the Community

Banking Deserts and Community Impact

Banking Deserts and Cash Availability The number of bank branches in the U.S. has been declining for decades as a result of bank mergers, online banking, and banks looking for ways to reduce costs. This problem becomes even more pronounced after natural disasters when the demand for cash rises substantially and banks struggle to keep … Read more

The Importance of SOC 2 for the Financial Services Industry

soc 2 for financial services graphic

While having advanced digital technology benefits us all every day, the risks associated with this continue to increase. Each year, cybercrime and data security breaches grow, with more than 3 billion individuals estimated to have been impacted in 2023. The average cost of a data breach to businesses costs around $9.3 million per year and … Read more

The Benefits of Having Multiple Vendors for Your Bank Operations

benefits of multi vendor strategy

Banks and credit unions routinely rely on third-party vendors to process transactions, protect their computer and data systems, service their ATMs, consult on banking operations, and much more. The process of outsourcing allows bankers to focus on their core business operations and the services they provide, while leaving things like ATM management, cybersecurity, and other … Read more

5 Signs You Need a New Cash in Transit Provider

5 Signs You Need a New Cash in Transit Provider

For retail stores and financial institutions, cash is king, and there are few resources as important as a high-quality cash-in-transit (CIT) service. From moving paper currency and coins to cards and other valuables between locations, almost everything that occurs in a business setting is layered on top of the foundation of a trusted and reliable … Read more

The Importance of Cash and the Future of American Coins

American coins falling against black background

Mark Twain once said, “The rumors of my death have been greatly exaggerated.” The same can be said for cash and coins in the United States. It’s estimated there was $54.6 billion worth of cash in circulation in 2023, and still, predictions about the demise of physical currency continue. Only 43% of Americans say they … Read more

How Outsourcing ATM Management Improves ATM Functionality

Man grabbing cash from atm

It’s been just over 50 years since the introduction of Automated Teller Machines (ATM) to the United States, and it is hard to imagine the modern banking landscape without them. They provide secure and convenient access to funds 24/7/365, without the challenges of staffing and servicing. In recent years, as functionality has expanded, they have … Read more

Cash Management for Cannabis Dispensaries (CRBs)

Best Practices for Cash Management CRB

How Cannabis Dispensaries Can Effectively Manage their Cash: Best Practices for Cash Management The cannabis industry is rapidly growing, seeing more and more legal sales each year. In fact, legal cannabis sales are expected to reach $71 billion by 2030. With legalizations along the Northeast Coast piling up, the industry is growing faster than the … Read more