SECURITY
Innovation to protect
your money
Secure management of cash is vital in order to reduce risk to banks and customers.
W
hen tackling a situation as complex as that
of managing cash within the South African
environment, each process within this cycle needs
to be considered and carefully executed. Judging
by the decline in the bank-related crime statistics
– year on year since 2006 – the industry must be doing something
right.
The aggressive adoption of information and communication
technology (ICT) by the cash transportation industry has helped to
drive cash in transit (CIT) and cash-related robberies down to their
lowest rate in years. Incidents are expected to fall even further as
companies invest more money in new technologies to protect their staff
and their customers’ assets.
‘The decline in the number of incidents within our business sector
speaks volumes for the successful implementation of technology within
our operation and a collaborative approach to combating this type of
crime,’ says Albert Erasmus, Managing Director of G4S South Africa.
Broadly speaking, there are three areas to consider in the cash cycle:
the on-site protection of cash, the protection of CIT, and the integrity of
the systems used to process cash.
ON-SITE PROTECTION OF CASH
G4S Deposita is a recognised industry leader in the development
of technology that facilitates the collection, handling, processing,
safeguarding and dispensing of cash. Through access to international
best practice and innovative, local product development, the on-site
protection of cash has developed from the traditional physical storage of
cash to sophisticated devices that secure notes and coins. This instantly
validates deposits and, in some instances, allow funds to be available
immediately.
Similarly, the advantage of innovative technology, the latest hardware
and software offerings together with tried and tested processes, ensure a
robust and reliable network of ATMs in South Africa. This technology is
aimed at reducing the risk of cash held in-store.
PROTECTION OF CASH IN TRANSIT
Transporting cash will always be risky because of the nature of the
commodity. It needs to be performed within a secure framework and
continually adapted to meet changing circumstances.
G4S operates a fleet of fully armoured vehicles equipped with electromechanical interlocking and immobilising systems. These systems
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