US Bank Partners with Loomis to Deliver Remote Cash Deposit
US Bank Remote Cash Deposit is partnering with Loomis and their SafePoint product line, allowing business customers to deposit cash electronically from store locations with smart safe technology. This technology allows customers to consolidate their depository accounts with one bank, reduce the frequency of armoured pickups, make cash handling easier and reduce risks associated with collecting cash. Loomis is the fourth armoured provider to partner with US Bank’s Remote Cash Deposit service.
“We are pleased to announce our partnership with Loomis. This is another strategic step towards improving overall cash processing for US Bank customers who make frequent currency deposits,” said William Burback, vice president for US Bank global treasury management.”Remote Cash Deposit offers our customers a way to secure their cash, create a safer work environment and greatly reduce the risks associated with handling cash.”