Besides the danger to health and safety of CIT officers, being robbed costs a CIT company lots of money! Investing in a cashbox that irreversibly degrades the cash inside, is the best way to prevent robberies from happening. Of course, these security measures also cost money. Prices of available cashboxes vary. The differences are not so much related to the type of cash degradation, but to several other aspects: material use, production process, available options, use of technological components, etc. However, the price of a cashbox is not determined solely by the purchase price. It is important to also consider the Total Cost of Ownership (TCO) of the different boxes to determine your best buy.
In the early 1980s, there were many attacks on Cash in Transit (CIT) operations in the Netherlands, with heavy automatic weapons. Of course, these attacks affected the CIT industry, but they also had a huge social impact. At the request of the Dutch government and the CIT industry, Mactwin invented the first Cashbox at the time. The product has of course evolved over the years, but the basic principle remains the same: irreversible cash degradation. But if the cash is degraded, is it still safe for the CIT custodians? Read more in this article!
Key management for cash boxes is time consuming and cumbersome, especially in ‘multi-run’ operations. Mactwin has reinvented key management to be fast, secure and convenient.
A good cashbox has sensors that detect unauthorized opening (breaking, grinding, ramming, immersion), whereafter the box activates. When selecting a cashbox, it is important to consider which sensors are used and how they can be configured. The trick is to configure these sensors in such a way that they do not send an activation signal in daily (clumsy) use. In addition to activation by sensors (in the event of sabotage), cashboxes can also be intentionally activated.
Reducing - or rather minimizing - the number of physical attacks on CIT operations requires an integrated and preventive approach. We firmly believe that removing the expectation of a reward is the most important measure in order to reduce the number of physical attacks on CIT operations. Removing the expectation of a reward is done by degrading the cash inside the cashbox, making it worthless. However, this is only effective if the degradation is distinctive ánd irreversible.
attacks on Cash in Transit operations are still taking place. Especially when the CIT officer moves from his vehicle to a customer location is a risk. Discouraging the criminal is crucial to reduce these types of attacks. The best way is to take away the expectation of a reward by unmistakably and irreversibly degrade the cash inside the cashbox. Cash degradation can be done with ink and with High Energy (heat). They both degrade the cash, but differ when it comes to unmistakebly and irreversibility.
When talking about cash-in-transit robberies, images from money heist movies may come to mind. CIT heists in movies are mostly portrayed with explosions and shoot-outs. These may look exaggerated but, in reality, CIT robberies can truly inflict great danger to the drivers, couriers, and the business itself. In this article, we take a look at attacks on CIT operations that occurred around the globe in 2020.
In previous articles, we wrote about the differences between the available cash degradation solutions (IBNS, or Intelligent Banknote Neutralisation Systems) for ATMs. In addition to the aforementioned differences, like the applied degradation liquid and the means of operation, the price of these solutions will also differ. How come? And what do you need to take into account when choosing a cash degradation solution?
IBNS use ink/dye, glue or a combination of the two. But how about the safety of these systems for e.g. the ATM servicing crew? That depends among others of the built in precautions to prevent misuse. To assess exactly how safe an IBNS is, you could ask four questions.
Rather than having different manufacturers trying their best to come up with just a piece of the puzzle that is ATM Security, we see the need for a total, integral concept. Irreversibly degrading the cash inside the ATM (no cash, no crime) is a great starting point, but we can do more to discourage criminals to attack ATMs.