The AX-1001 is a secure, on-line cash receiving terminal. Cash notes are deposited into the secure terminal and the teller is issued with a receipt. The client's nominated bank account is credited daily with the value of all cash canisters. All transactions are stored electronically to provide the client with current as well as historical information.
OBJECTIVE: To provide the Client with:
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Note count and validation at point of tender;
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Efficient and high speed bulk processing in our cash centers;
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An automated electronic cash management and reconciliation service;
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Electronic settlement of the cash value deposited into the client's bank account
BENEFITS:
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Reduced Shrink – AX-1001 is a user definable system that monitors how & when a user processes cash.
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Reduced Theft – AX-1001 logs & tracks your cash.
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Real Time Cash Management – At any time, from any place, monitor your store's current cash position.
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Increased Productivity – AX-1001 saves time; manual counting is eliminated.
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Eliminates Counting Errors – Bank deposits are more accurate.
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Improved Audit Control – Control & better overall deposit management by receiving timely and accurate data.
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Time & Cost Savings – AX-1001 produces detailed reports that significantly shorten the time consuming task of reconciling deposits, saving valuable administrative time and processing costs.
OTHER BEFEFITS:
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Instant risk mitigation.
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Security of a client's cash deposit processing.
- Full audit trail of all deposits accessible via a user friendly web portal (*)
- Reduced administration and elimination of manual cash reconciliation.
- Electronic itemized cash deposit reports and history of all related deposit transactions.
- No reconciliation differences between the retailer and other intermediaries.
GENERAL FEATURES:
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Cash counted into the unit is verified and counterfeit notes rejected.
- A receipt is issued for cash deposited.
- The client can access a comprehensive deposit history which reconciles to the receipts.
- Cash is neatly stacked and the IMP supplies live information on the deposit to the owner/manager.
- The IMP automatically identifies each deposit to a uniquely numbered Contact less Smart Card.
- The IMP provides an audit of each deposit for the entire revenue day.
- The collected cash value is credited to a client’s account via Electronic Fund Transfer.
- The product is “keyless” and can only be accessed by the nominated Cash-In-Transit service provider.
RECONCILLIATION FEAURES:
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The IMP is a tool to expand features.
- The IMP acts as an information and storage depot of all transactions.
- The IMP maintains information about all banknotes deposited.
- The IMP provides a complete audit trail of all transactions.
- The IMP allows you to reconcile all bank notes deposited to the end of the day/end of shift cash reconciliation.
