All that you need to know about cash in transit services is here. It is important that you get your terms right and here we are ready to help you with the same.
Cash in transit means:
When precious items like banknotes, coins, credit cards, and other valuable items are transferred from one location to the other through one form of transit or another it is known as cash in transit. These types of transitions occur from one bank to another, between high-security vaults and also ATM points, your large retailers and any other location that deals with the exchange of a large number of valuables. Cash in transit services is provided by private companies for commercial use while for the national currency and other such holdings there are government security vehicles to carry out the transportation.
CIT services are logistic services in actual nature that come under security services. There are transport and security legislation that these services go by and have to look out after. These types of cash in transit companies and services are usually owned by the government or large-scale private security operations and solutions. Special kinds of vehicles are built for these in order to make sure that one has a secure transit of their valuables. These vehicles are either skinned or armored (semi or full) depending on the type of commodity that is being transported.
Also at times, there are security vehicles that accompany the vehicles. At times it also happens that there are special security specialists placed inside the vehicle during the transit when it carries something of national importance. Often it can found that these transit vehicles do not transit alone but in clusters most often happening in such a way that one doesn’t know which vehicle carries the real valuables and which ones are meant for distraction as a means of security.
Cash processing is a labor-intensive valuables transport process that involves processing along with ATM servicing and at times it so happens that banks and other financial institutions find the process too tiresome and hence they outsource the same to other institutions and get done with cash processing for once and all.Also, there are CIT guards and drivers, the drivers are under specific instructions to not get out of the vehicle once it gets out from the source and reaches the location. The same goes with the security guards as they have to make sure that the valuables are delivered on time safely.Cash in transit is thus one means of getting important articles delivered.