More than ever, banks, other financial institutions, retailers and other commercial enterprises are looking for more effective ways to process and manage currency and coin. Loomis offers a variety of services and customized solutions up to and including the full outsourcing of your vault.

Our cash processing services consist of:

• Change order preparation
• Order fulfillment
• Cash recycling
• Deposit consolidation
• Deposit processing
• Check capture and processing
• Coin processing and wrap
• Currency and coin inventory management
• ATM cash preparation and residual processing
• Internet order system (ICO)
• Flexible reporting capabilities (single or multiple file summaries)
• File transfer (in some cases directly to GL)

Professionals with banking or other relevant cash processing experience staff most of our key CPS positions. They complete ongoing training and understand the nuances of the business. They speak your language.

Our operating platform utilizes our SENERGY IT system to increase efficiency and accuracy and provide information when you need it. The system utilizes Glory systems to process transactions and manage customer cash inventories. Our internet order fulfillment component, ICO, enables a centrally managed process to control multiple branch orders/deliveries and approvals while reducing end point charges. The system is designed to promote ease of communication, consistency of processes and an exceptional, flexible reporting capability. Electronic files can be formatted as needed to achieve multi system integration.

Each of our cash operations features a balance and audit function, providing an independent audit and quality control check apart from day-to-day processing operations. This role is crucial to the integrity of our operation. Our balance and audit professionals ensure proper daily balancing of customer inventories, daily reporting and confirmation to each customer and conduct random audits.