Specifications

1.Various chassis like toyota ,isuzu, ford , benz and so on.
2.advanced refitting technology.
petitive price.

Cash-in-transit (CIT) or Cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins and items of value from one location to another. The locations include cash centers and bank branches, ATM points, large retailers and other premises holding large amounts of cash.

Many cash in transit companies are private security companies that offer cash handling as part of their services. Loomis is today the only major CIT business that is fully dedicated to cash handling after the split from Securitas.^[1][2] Brinks spun off its home security division setting the focus as well on cash handling.[3]

By law, the CIT companies are seen as logistic companies in the private security industry and therefore have to comply with transport and security legislations. In some countries, the transportation of cash has its own legislation (for example, Europe has varying CIT laws[4]). The CIT industry is regulated by national, regional and local legislation, social regulations and current practices. Responsible authorities are usually the Ministry of the Interior, the Ministry of Justice and the police. Legislation and regulations may impose requirements and restrictions on use of firearms, types of vehicles, minimum number of crew members, and use of Intelligent Banknote Neutralisation Systems.

CIT services can be carried out in soft-skinned, semi-armoured or armoured vehicles. The use of soft-skinned vehicles is normally only allowed when alternative security methods, such as Intelligent Banknote Neutralisation Systems, are also used. Such CIT is commonly referred to as “Light CIT”.[5]

 

Inside CIT, the companies are specialized in the transportation and processing of cash and valuables, precious metals. They transport banknotes, coins, bulk cash, diamonds, non-personalised smart cards, non-personalised passports and other valuables. That is why, in many countries, the service was renamed ‘Asset handling’ or ‘Asset-in-transit’.

Cash Processing[edit]

Cash processing is an industrial process far removed from traditional banking activities and culture. The internal organization of cash handling within banks is often obsolete and inefficient, inherited from old bank organizations and further complicated by mergers, acquisitions and restructuring. This has led the majority of banks to opt for the outsourcing of wholesale cash processing[6]). Banks pursue several objectives when they choose to externalize their cash processing:

1. Cut costs by streamlining processing structures and implementing higher throughput sorters.
2. Achieve economies of scale thanks to larger and more efficient cash centres.
3. Reduce investments required by an increasingly capital-intensive industry.
4. Reduce the risks associated with cash.
5. Optimize the supply chain management.
6. Focus on the core business.

There are on the other hand inherent difficulties associated with outsourcing. One of them is the loss of control and the reliance on external providers. In some cases, banks no longer have the know-how in relation to cash handling.

Cash processing has evolved from a labor intensive activity focused on the transportation of cash to a capital-intensive industry offering end-to end solutions. Transport no longer constitutes the value added in the business but continues to structure the organization. The CIT’s footprint remains a key factor of selection by banks and retailers.

The industry is generally divided into the following activities:

1. Processing
2. ATM servicing

CITs are attempting to move away from this product oriented organization to customized sourcing models.