Time is money
Despite constant predictions of the amount of cash in circulation declining, it continues to be used more than ever
It comes as no surprise therefore that G4S made significant investment in the development of a state of the art cash centre in London to manage the cashflow from banks, ATM’s and retailers across the city and beyond.
The centre is exceptional in its size and its capabilities in cash processing and distribution using a system where cash is processed on demand giving maximum cost efficiency to the customer.
Its ATM management system works in parallel with the cash management system and through data it receives from the banks, the system monitors the cash which leaves the centre and allows some 3,000 ATM’s to be reconciled across London. Location, timing and, of course, security are of paramount importance.
The centre has had such an impact securely and efficiently managing the cash cycle that it was quickly recognised by the Bank of England.
As its Chief Cashier and Executive Director Andrew Bailey confirmed “with this centre, G4S is helping to provide banks and retailers with a secure and efficient way to manage their cash requirements”.
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