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Tuesday, July 26, 2011
(U.S. Bank)
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MINNEAPOLIS - July 26, 2011– U.S. Bank’s Remote Cash Deposit service is now available to businesses through its new partnership with Dunbar Armored, a full-service, wholly-integrated security and cash management solutions provider and the nation’s largest independent armored car company.
Dunbar Armored is the second armored provider of U.S. Bank’s Remote Cash Deposit. U.S. Bank has partnered with Dunbar to use its Dunbar Cash Manager Safe® product line.
U.S. Bank’s Remote Cash Deposit allows customers to electronically deposit cash, consolidate depository banking relationships, reduce armored car pickup frequency and decrease the risks associated with collecting cash.
“As a leader in treasury management products and services, we are pleased to announce our partnership with Dunbar Armored as a strategic step towards improving overall cash processing for U.S. Bank customers who make frequent currency deposits,” said Wade Pylka, product manager, U.S. Bank Global Treasury Management. “Remote Cash Deposit provides our business customers with the significant benefits of minimizing the risk of theft, reducing labor expenses associated with cash handling and improving staff safety and productivity.”
“For those using traditional armored car services, I highly recommend Remote Cash Deposit,” says Alan Brankamp, director of Internal Audit for Frisch's Restaurants, Inc. “With increased benefits and lower costs, switching is an easy justification. When you factor increased productivity, better visibility on cash transactions as well as the safety benefits of not sending an employee out of the building with a large amount of cash, the program makes sense for businesses like ours.”
In addition to Remote Cash Deposit, U.S. Bank offers extensive cash vault services including traditional cash processing at 50 locations across 25 states. The extensive vault network can accommodate cash deposits and purchase needs for business customers, correspondent banks and government entities.