What is Cash in Transit
Cash security: Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards, jewelry and items of value from one location to another. The locations include cash centers and bank branches, ATM points, large retailers and other premises holding large amounts of cash such as ticket vending machines and parking meters.
Many cash in transit services are carried out by private security companies that offer cash handling as part of their services. CIT services can involve complex logistics. Transfers are conducted using specially designed cash carrying/armoured vehicles.
Cash in Transit – Safety – Practical Ways of Handling Cash.
Work area of the cashier – Be specific and firm, never allow any unauthorized individuals to get near the cash register/cashier area. Make it clear that only authorized employees/personnel can have access to these areas. When opening or closing major cashier stations, it is better to do this at the end of the working or business hours and accompanied by a second person who can observe the area.
While cash counting is inevitable during business hours, avoid counting large amount of cash in front of customers or any unauthorized individual.
Effective ways to enhance cash security?
Install a safe to secure your cash. Safes with time delay combination lock gives excellent protection against robbers. The combination must be given only to authorized individuals, and that person should make sure that no one is present whenever he opens the safe, as to keep the combination confidential. It is also recommended that the combination must be changed frequently. Whenever an authorized person leaves the business, or is no longer connected with the company, the combination should be changed. In addition, the visibility of an installed CCTV system is another sure way of telling perpetrators that they are being watched. As much as conceivable, transfer your money in the bank. Avoid keeping it within the business premises. (ensure that your safe locks and combinations are serviced every 6 months by a professional locksmith) – Fawcett Security Locksmith
If you feel that your business needs to apply the mentioned cash security procedures and tips, do not hesitate to do so. Examine how your organization is currently providing cash security and can always find ways to improve and in addition, acquire professional Cash In Transit Services let the experts ease your risk factor.