Solution Components

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1. Intelligent safe into which the bank-notes are deposited 

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• ​Denominations accepted MIXED stacks at high speed with validation

• Output can be in large bags of 20,000 notes each, or sorted by denominations in 4 to 5 cash cassettes.

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2. Front application solution providing detailed cash deposits by cashier, linked to central server for reconciliation of store sales.

 

3. “Remote Manager” application alerts Bank/CIT  to arrange for pick-up.

 

4. Back office messaging  application crediting Bank Account. 

 

Future Target: Recycling of cash from the CDMs to the bank ATMs

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Solution Specifications

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1. The machine accepts all the Riyal notes.

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2. The machine validates real currency -  any counterfeit notes will be rejected at the point of deposit.

 

3. The machines are modular in design and can be expanded in terms of capacity providing a wide range of options.

 

4. The machines have been integrated with an international software solution accepted and utilised by banks across the globe.  

 

5. The solutions can be extended to cover coin and note dispensing for retailers requiring change for their stores.

 

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Products Packaging

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1. Convenience deposit branches in malls

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• All mall retailers depositing into a SINGLE machine.

• Unlimited number of depositors  per retailer.

• Individual accounts per retailer.

• Individual fee structure per customer.

 

2. Deposit machines at large retailers

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The aboves are total service solution provided by a bank to its customers.

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3. Cash deposits automation at the banks corporate branches alleviating the congestion at the tellers’ windows.

 

The solution provides the retailers with extensive efficiencies in their internal business process.

 

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