Revolutionising cash management in Retail
Cash Connect, a leading retail cash management and payment solutions company, has just announced the launch its new N10K cash vault.
According to Richard Phillips, joint CEO of Cash Connect Management Solutions, the N10K is designed to provide top-of-line functionality for retailers and wholesalers requiring to secure large volumes of cash through high-speed, bulk cash deposits. The N10K is the largest model in Cash Connect’s cash vault range and is designed to withstand the most forceful attacks.
Built to minimum SABS category 4 standards and weighing 950 kg, the N10K provides a formidable deterrent. Its innovative design includes a keyless sliding door feature that removes the old swing door that traditionally intruded on available retail space.
Additional features such as biometric user identification, a diagrammatic, touchscreen interface and a fool-proof bag loading system promotes easy and intuitive user operation.
A high-speed validator with a mixed denomination acceptance rate of up to 300 notes per minute makes depositing cash quick and easy. The N10K also offers scalable capacity of up to 10,000 bank notes, with notes being conveniently deposited into a single, disposable bag.
The N10K is supported by a cloud based, real time, financial management and payments software network that facilitates supplier payments and fast deposit settlement into multiple bank account destinations.
Built to minimum SABS category 4 standards
Unique floor bolting fixtures
Biometric user identification
Host to Host automated reconciliation
Unique, secure and fully automated door locking mechanism
Barcode bag identification
Dual SIM GSM/GPRS modem (communication)
Capacity of 10,000 banknotes
Up to 300 banknotes per minute processing speed
Unlimited users and unlimited destination accounts as well as a multi-business partner capability
“The N10K is the very latest in high-end cash vault technology available on the market,” says Phillips “It was built to address many of the short comings that traders with large volumes of cash have historically encountered with old styled devices. This cash vault extends our product range and meaningfully improves our ability to enhance the safety and efficiency of our client’s trading environment, as well as provide an effective deterrent against most determined criminals.”
Cash Connect Management Solutions offers an end-to-end cash management and payments solution that encompasses cash in transit logistics and cash processing. Established in 2006, Cash Connect’s specialist solutions for retailers remove risk and maximise cash flow through swift settlements.
The company is one of the largest suppliers of cash to the banking system and boasts in excess of R50 Billion a year that it manages on behalf of its diversified client base across the country. It is an approved service provider to blue-chip companies such as Spar Group, Shell, Engen, Pick ‘n Pay and OK to name but a few.