20:
150:
62:
32:
47:
229:
Cash processing has evolved from a labor-intensive activity focused on the transportation of cash to a capital-intensive industry offering end-to end solutions. Transport no longer constitutes the value added in the business but continues to structure the organization. The CIT's footprint remains a
217:
Cash processing is an industrial process far removed from traditional banking activities and culture. The internal organization of cash handling within banks is often obsolete and inefficient, inherited from old bank organizations and further complicated by mergers, acquisitions and restructuring.
225:
There are on the other hand inherent difficulties associated with outsourcing. One of them is the loss of control and the reliance on external providers. In some cases, banks no longer have the know-how in relation to cash handling.
115:, and Shields Business Solutions, a private equity backed company, are the only major CIT businesses fully dedicated to cash handling. Brinks spun off its home security division, likewise placing its focus on cash handling.
522:"A comparative overview of the legislations governing the Cash in Transit private industry in the 15 EU members A comparative overview of the legislations governing the Cash in Transit private industry in the 15 EU members"
312:
130:(for example, Europe has varying CIT laws). The CIT industry is regulated by national, regional and local legislation, social regulations and current practices. Responsible authorities are usually the
465:
408:
316:
177:, are also used. Security cases containing IBNS are provided by companies as StrongPoint Cash Security and Oberthür. Such CIT is commonly referred to as "Light CIT".
364:
386:
497:
279:
Five member states of the
European Union, Denmark, Greece, Ireland, Sweden, and the Netherlands prohibit weapons during cash-in-transit operations.
472:
415:
173:, semi-armoured or armoured vehicles. The use of soft-skinned vehicles is normally only allowed when alternative security methods, such as
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industry and therefore have to comply with transport and security legislation. In some countries, the transportation of cash has its own
174:
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may be equipped by those officers in some countries. These guards are required to have firearms training before they can carry them.
521:
112:
100:, large retailers and other premises holding large amounts of cash, such as ticket vending machines and parking meters.
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and other valuables. That is why, in many countries, the service was renamed "asset handling" or "asset-in-transit".
218:
This has led the majority of banks to opt for the outsourcing of wholesale cash processing which includes coin and
96:
and items of value from one location to another. The locations include cash centers and bank branches, ATM points,
504:
409:"A comparative overview of the legislations governing the Cash in Transit private industry in the 15 EU members"
19:
146:, types of vehicles, minimum number of crew members, and use of intelligent banknote neutralisation systems.
440:
149:
288:
293:
104:
185:
Inside CIT, the companies are specialized in the transportation and processing of cash, valuables and
61:
162:
131:
441:"EU WHITE PAPER ON PROFESSIONAL CROSS BORDER TRANSPORTATION OF EURO CASH BY ROAD – EBF WISHLIST"
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16:
Physical transfer of banknotes, coins and other items of value from one location to another
8:
219:
154:
135:
543:
313:"Securitas Cash Handling Services announces new international brand identity "Loomis""
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Depending on the jurisdiction, the guards are armed with weapons and required to wear
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97:
257:
249:, who is normally never allowed to leave the vehicle until it returns to the garage
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The industry is generally divided into two sectors: processing and ATM servicing.
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142:. Legislation and regulations may impose requirements and restrictions on use of
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553:
537:
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31:
365:"Shields Business Solutions and Egis Capital Partners Announce Partnership"
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93:
202:
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387:"The Brink's Company to Spin-Off Brink's Home Security to Shareholders"
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119:
85:
54:
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50:
24:
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46:
139:
39:
498:"Specific Requirements and Training for a ARMOURED CAR GUARD"
414:. Confederation of European Security Services. Archived from
194:
89:
471:. European Security Transport Association. Archived from
35:
260:
and/or ballistic helmets. Most guards are issued with
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that offer cash handling as part of their services.
503:. BC Ministry of Justice. June 2009. Archived from
466:"Session IV: Cash Outsourcing and Cash Recycling"
535:
230:key factor of selection by banks and retailers.
241:Most armored cars have two to three occupants:
252:1–2 guards who deliver the cash or valuables
175:intelligent banknote neutralisation systems
148:
60:
45:
30:
18:
536:
118:By law, the CIT companies are seen as
169:CIT services can be carried out in
103:Many cash-in-transit companies are
13:
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65:CTK armored van on the Philippines
14:
565:
315:. Securitas Group. Archived from
514:
490:
458:
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401:
379:
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331:
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84:) is the physical transfer of
1:
446:. European Banking Federation
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236:
153:Public money transfer of the
7:
341:. Loomis AB. Archived from
282:
180:
111:, following its split from
10:
570:
294:Great Train Robbery (1963)
105:private security companies
38:Cash Services CVIT van in
78:cash/valuables-in-transit
289:Chandler's Ford shooting
132:Ministry of the Interior
23:Transfer of cash from a
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66:
58:
43:
28:
264:, while others carry
163:Mercedes W221 S-Guard
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64:
49:
34:
22:
159:Mercedes-Benz Actros
220:banknote processing
205:, non-personalised
201:, non-personalised
155:Deutsche Bundesbank
136:Ministry of Justice
510:on August 6, 2009.
345:on 2 February 2014
319:on 3 February 2014
167:
67:
59:
44:
29:
258:bulletproof vests
189:. They transport
122:companies in the
98:bureaux de change
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165:support vehicles
157:with an armored
124:private security
27:branch in Russia
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478:on 10 June 2015
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367:. Cision US Inc
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270:Submachine guns
239:
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213:Cash processing
187:precious metals
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70:Cash-in-transit
53:armored car in
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12:
11:
5:
567:
557:
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546:
531:
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489:
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339:"Our Business"
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274:assault rifles
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2:
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421:on 2013-10-30
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389:. PR Newswire
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505:the original
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480:. Retrieved
473:the original
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448:. Retrieved
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423:. Retrieved
416:the original
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391:. Retrieved
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369:. Retrieved
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347:. Retrieved
343:the original
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321:. Retrieved
317:the original
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171:soft-skinned
168:
117:
102:
94:credit cards
81:
77:
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69:
68:
323:18 November
203:smart cards
128:legislation
538:Categories
300:References
237:CIT guards
544:Logistics
272:and even
207:passports
191:banknotes
120:logistics
113:Securitas
86:banknotes
55:Barcelona
549:Security
283:See also
266:handguns
262:shotguns
199:diamonds
181:Services
144:firearms
138:and the
51:Prosegur
25:VTB Bank
57:, Spain
482:18 Nov
450:18 Nov
425:18 Nov
393:18 Nov
371:11 Jan
349:18 Nov
247:driver
140:police
134:, the
109:Loomis
40:London
525:(PDF)
508:(PDF)
501:(PDF)
476:(PDF)
469:(PDF)
444:(PDF)
419:(PDF)
412:(PDF)
195:coins
90:coins
76:) or
554:Cash
484:2013
452:2013
427:2013
395:2013
373:2024
351:2013
325:2013
161:and
82:CVIT
42:, UK
74:CIT
36:G4S
540::
268:.
245:A
222:.
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88:,
527:.
486:.
454:.
429:.
397:.
375:.
353:.
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80:(
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