Cash in Transit

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

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

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

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

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