With the launch of its new Same Day Credit pilot solution, NatWest and Loomis are now able to offer British businesses a facility to deposit cash takings without leaving their store.
Aimed at small retailers and chain retailers operating smaller stores, the solution uses Loomis technology in the shape of a SafePoint connected smart safe. Using the latest technology, our safes scan and sort notes at high-speed, crediting their value of the deposits to the retailer’s NatWest account same day and reducing the labour cost of manually sorting, checking and depositing cash.
The safe automatically alerts Loomis when it is time for it to be emptied, reducing the potential number of Cash in Transit visits – and of course, supporting the environment with a reduced carbon footprint: something both Companies jointly recognise.
As well as being able to keep track of their cash balance and operations through Loomis Direct, the exclusive Loomis retailer portal, they benefit from the company’s ‘one stop shop’ approach to cash management. The collaboration between Loomis and NatWest handles everything, with an end-to-end solution covering installation and servicing to transport and indemnity. It is competitively priced and charged on a pay-as-you-go model according to cash volume.
The Same Day Credit service makes cash management faster, safer and smarter for retailers, and combines NatWest’s proven business banking expertise with the experience of Loomis – the European leader in cash handling and smart safe services. Retailers across Europe, US and the UK, already trust Loomis and its SafePoint brand to manage their cash. This latest enhancement powered by NatWest will give businesses the ability to have even greater focus on their business priorities.
Retailers deposit cash directly into their smart safe at any time of day or night in the knowledge that it is safely stored and credited, cutting both the risk and liability of theft or robbery. They no longer have to bear the risk or inconvenience of carrying cash to their local bank branch, which is especially beneficial at a time when social distancing is the norm.
Retailers can use the time and money they save on serving their customers, developing their businesses and boosting their bottom lines – all of which are more important than ever as we all deal with the impact of COVID-19.
Craig Sherriff – Director of Customer Experience, Loomis UK said:
“Loomis is proud to partner with NatWest to deliver this new service to Britain’s retailers. We believe Same Day Credit offers an exciting opportunity for them to capture the unbeatable flexibility, accessibility and popularity of cash and turn it into a valuable business tool in these tough times.”
Quote from Matt Tuck, Head of Customer Propositions and Delivery, NatWest said:
“NatWest is committed to using innovative technology to improve and enhance our customers’ experience. We’re delighted to be working with Loomis to trial SafePoint with our UK business customers, allowing cash to be deposited securely and safely into their account without leaving their business premises, in turn improving cash flow and allowing them to spend more time running and growing their business.”