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Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, bureaux de change , large retailers and other premises holding large amounts of cash, such as ticket vending ...
Banknote processing is an automated process to check the security (or authenticity) features and the fitness of banknotes in circulation, to count and sort them by denomination and to balance deposits. This processing of currency is performed by security printing companies, central banks, financial institutions and cash-in-transit (CiT) companies.
A Brink's van in Germany in 2008. The Brink's Company is an American cash handling company, headquartered in Richmond, Virginia.Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as vault outsourcing, money processing, intelligent safe services, and international transportation of valuables.
Cash-in-transit heists are one of the most dramatic illustrations of a crime wave that’s shocked even the most hardened South Africans, with murder at a 20-year high.
An intelligent banknote neutralisation system (IBNS) is a security system, that is used by banks, ATMs, retail establishments, vending machines [citation needed] and the cash-in-transit industry, to render stolen funds un-useable and easily identifable. Dye packs are inserted between bills in random bundles.
The toll booths for cash lanes had gates that barred passage without paying. More than 90% of drivers use E-ZPass and the tolls are debited from their account. If they don’t pay, the MTA can ...
Process [ edit ] According to the United States Electronic Fund Transfer Act of 1978 it is "a funds transfer initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account".
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