Cash-in-transit
Also known as cash transport, founds transport
thumb|200px|Transfer of cash from a VTB Bank branch in Russia thumb|200px|G4S Cash Services CVIT van in [[London, UK]] thumb|200px|Prosegur armored car in [[Barcelona, Spain]] thumb|200px|CTK armored van in the Philippines Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, bureaux de change, large retailers and other premises holding large amounts of cash, such as ticket vending machines and parking meters.
Article
5 sectionsContents
- Services
- Cash processing
- CIT guards
- See also
- References
thumb|200px|Transfer of cash from a VTB Bank branch in Russia thumb|200px|G4S Cash Services CVIT van in [[London, UK]] thumb|200px|Prosegur armored car in [[Barcelona, Spain]] thumb|200px|CTK armored van in the Philippines Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, bureaux de change, large retailers and other premises holding large amounts of cash, such as ticket vending machines and parking meters.
Many cash-in-transit companies are private security companies that offer cash handling as part of their services. Loomis, following its split from Securitas, and Shields Business Solutions, a private equity backed company, are the only major CIT businesses fully dedicated to cash handling. Brink's spun off its home security division, likewise placing its focus on cash handling.