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CashSecure: Cash management solution

BB_AutoSafe_device_banking_product detail

Business never stops, and how you manage your company’s cashflow is crucial. That’s why we bring you CashSecure™ – the smart, efficient way of protecting your business cashflow.

Our range of CashSecure™ devices offer end-to-end cash solutions, enabling you to store money safely on your premises, while our cash-in-transit service providers collect it two to seven times a week - you can choose how often.

 

 

Some of the benefits

Increased security

Our devices are reinforced with a multiple security locking system and are bolted into place to effectively deter criminals

Suitable for all businesses

No matter how big or small your business, our range of devices accommodate small, medium and large cash volumes

Reduces human error

The automated counting function reduces the number of times cash has to be counted, which saves time and reduces human error

Real-time credit

Get near real-time credit in your bank account as soon as the cash-in-transit service provider has removed the cash from your device
Electrum
Electrum is a compact cash management device that is perfect for small businesses with a smaller cash volume.
Solidus
Solidus is a back-office cash management device that has been designed to cater for medium cash volumes.
Obolus
Obolus is a back-office cash management device that is ideal for businesses with large cash volumes.
WHAT YOU GET

CashSecure™ devices

  • Improved security through safe storage of cash on-site
  • Fraudulent notes are rejected as the device validates notes at the point of deposit
  • Automated counting of cash saves time and prevents human error
  • Reduced opportunity for theft as safe keys are not kept on-site
  • Near real-time online web-based cash reporting
  • Printed receipts make it easier to record accurate cash takings and reconcile to your bank statements
  • Risk is reduced because cash is frequently transferred from tills to a CashSecure™ device in compliance with till limits

Digital reconciliation tools

  • Get full access to an online platform, which allows you to track every deposit made on your device
  • No reversals to your account, making reconciliation much easier

Settlement options

As a CashSecure™ customer you can improve your cashflow by choosing one of the following settlement options:

  • CIT settlement: Get near real-time credit to your bank account as soon as the cash-in-transit service provider has removed the bag from the CashSecure™ device
  • Immediate settlement: Get near real-time credit to your bank account as soon as you deposit banknotes into the CashSecure™  device

Cash-in-transit services

  • We will arrange a cash-in-transit service provider to collect the cash deposited in your device on your preferred service collection days
  • Choose between a cash-in-transit collection of two to seven times a week
HOW IT WORKS
  • There's no access to your cash once it's dropped into your CashSecure™ device
  • The bags are heat-sealed before the safe is opened
  • As the bags are removed from your device, a transmission of the total value of cash per bag is sent to us
  • Our value hosting credits your nominated account in real time, before we receive the cash
  • Up to 10 accounts can be linked to one CashSecure™ device, so you can use the same device to bank cash into different Standard Bank accounts held in the same legal entity’s name
  • Once you safely deposit your cash into your device, the risk and responsibility of handling the cash is transferred to us
PRICING
  • You can choose between a 36-, 48- or 60-month contract term depending on your business needs
  • All devices include a maintenance plan
  • WHAT YOU GET
  • HOW IT WORKS
  • PRICING

CashSecure™ devices

  • Improved security through safe storage of cash on-site
  • Fraudulent notes are rejected as the device validates notes at the point of deposit
  • Automated counting of cash saves time and prevents human error
  • Reduced opportunity for theft as safe keys are not kept on-site
  • Near real-time online web-based cash reporting
  • Printed receipts make it easier to record accurate cash takings and reconcile to your bank statements
  • Risk is reduced because cash is frequently transferred from tills to a CashSecure™ device in compliance with till limits

Digital reconciliation tools

  • Get full access to an online platform, which allows you to track every deposit made on your device
  • No reversals to your account, making reconciliation much easier

Settlement options

As a CashSecure™ customer you can improve your cashflow by choosing one of the following settlement options:

  • CIT settlement: Get near real-time credit to your bank account as soon as the cash-in-transit service provider has removed the bag from the CashSecure™ device
  • Immediate settlement: Get near real-time credit to your bank account as soon as you deposit banknotes into the CashSecure™  device

Cash-in-transit services

  • We will arrange a cash-in-transit service provider to collect the cash deposited in your device on your preferred service collection days
  • Choose between a cash-in-transit collection of two to seven times a week
  • There's no access to your cash once it's dropped into your CashSecure™ device
  • The bags are heat-sealed before the safe is opened
  • As the bags are removed from your device, a transmission of the total value of cash per bag is sent to us
  • Our value hosting credits your nominated account in real time, before we receive the cash
  • Up to 10 accounts can be linked to one CashSecure™ device, so you can use the same device to bank cash into different Standard Bank accounts held in the same legal entity’s name
  • Once you safely deposit your cash into your device, the risk and responsibility of handling the cash is transferred to us
  • You can choose between a 36-, 48- or 60-month contract term depending on your business needs
  • All devices include a maintenance plan
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