From loose coins in the car for tips, to major monthly withdrawals, to ATM withdrawals and large cash purchases, physical money in notes and coins still plays a significant role in our world, and the availability of cash needs to be carefully managed. SBV plays a role in almost every component of the cash value supply chain. From when a note or coin leaves the South African Reserve Bank we take on the responsibility of moving it securely so that it can be distributed into the economy for commercial use. As a transaction is concluded cash and coins are either banked by individuals and businesses or collected by a company such as SBV that specializes in the provision of Cash in Transit services.
However, there is a lot more involved; as cash is collected SBV takes on the risks, from when we pick up our clients’ cash it is moved in state-of-the art vehicles to a secure cash centre where it is validated, sorted and either stored or used for re-distribution. Unfit and fraudulent notes are accounted for and sent back to the South African Reserve Bank. There are many complexities and dynamics that come into play where the cash cycle is involved and our clients are diverse ranging from the commercial banks to the retail and wholesale environment or any business that handles bulk cash.
This journey, however involves a lot more than the logistical processes of cash in transit and cash processing, the sophisticated systems required and the risk mitigating processes and procedures; it involves our most valuable asset, our people and their safety, the safety of our clients’ premises and the safety of the public.
Our clients are not all the same and their cash handling and cash management requires a specialized touch, SBV Services is in a unique position to design cash services and solutions for our various client segments. We have the capabilities, the intelligence and the expertise to make a difference in the cash value supply chain. At SBV we value your time, we take your risks seriously and we undertake to provide a professional and efficient service. Behind the scenes a professional service team takes care of the entire process so that you can have peace of mind and dedicate more time to your core business.
Services and Solutions:
Solutions for the Commercial Banking Environment
SBV provides secure and efficient cash services and solutions to all the major banks and is an approved CIT carrier for the South African Reserve Bank. In addition, we are the custodian of the South African Reserve Bank’s off-site vaults. Guarding is also provided for bank branches, together with tactical armed reaction and offsite monitoring.
End to end solutions for ATM Management
Tailor made specialised solutions in ATM management allow you to outsource most of the business processes involved in ATM Operations. Various service models are available to improve efficiencies and reduce operational costs. To add to our service offering, a team of experts in ATM management provides consultation and training services both locally in South Africa and internationally.
Retail Cash Solutions
SBV provides an integrated range of custom-designed services and solutions for the retail environment. Our suite of solutions form part of an end-to-end solution that makes the entire cash handling process efficient and secure saving time and providing peace of mind.
As part of our service offering we provide a risk assessment and solution for securing your premises and enhancing the safety of employees and the public. Our service offering is underpinned by a professional team of experts, superior technology, secure solutions and an efficient service process.
- Cash in transit
- Cash processing
- Packing of bulk orders
- Payroll preparation
- Float orders
- Cash handling solutions and products for the retail environment.
Backed up by our expertise in the security and cash handling environment, various specialised services complement the range of solutions that are available to our clients. Services include:
- Risk management consulting
- Employee vetting and Voice Stress Analysis
- Fraud investigations
- Tactical armed response and offsite monitoring (via CCTV).