Cash In Transit Service Level Agreement

CIT services can be performed in soft, semi-armoured or armoured vehicles. As a general rule, the use of soft-dough vehicles is only permitted if other safety methods, such as intelligent ticket neutralization systems, are also used. Security cases containing IBNS are provided by companies such as StrongPoint Cash Security and Oberthur. Such a CIT is commonly referred to as “Light CIT.” [5] The physical transfer of banknotes, coins, credit cards and valuables from one place to another is the physical transfer of notes, coins, credit cards and valuables. Sites include ATMs and bank branches, ATMs, large retailers and other premises that house large amounts of cash, such as ATMs and parking meters. Cash processing has moved from a labour-intensive business focused on transporting cash to a capital-intensive industry that offers end-to-end solutions. Transportation no longer represents added value in the company, but continues to structure the organization. The presence of the CIT remains a key factor in the selection by banks and retailers. The processing of cash is an industrial process far removed from traditional banking activities and culture.

The internal organization of cash handling within banks is often outdated and inefficient, inherited from former banking organizations and further complicated by mergers, acquisitions and restructurings. This has led the majority of banks to opt for the outsourcing of wholesale liquidity processing. [6] Mactwin Security has extensive experience in securing highly secure environments and has been helping banks and insurance companies maintain their high level of security for many years. To this end, we use the relevant best practices of our BIESS™ method. By law, CIT companies are considered private security logistics companies and must therefore comply with transportation and safety rules. In some countries, the transport of cash has its own legislation (for example.B. Europe has different ICT laws). The ICT industry is regulated by national, regional and local legislation, social legislation and current practices. The competent authorities are usually the Ministry of the Interior, the Ministry of Justice and the police. Legislation and regulations may impose requirements and restrictions on the use of firearms, types of vehicles, the minimum number of crew members, and the use of intelligent ticket neutralization systems.