DALLAS -- Brink's is rolling out the newest member of its CompuSafe Service family of safes: the Brink's CompuSafe with Check Imaging. By integrating image capture technology into the Brink's CompuSafe closed-loop process, Brink's enables one-stop check imaging at the point of sale to eliminate manual check handling and accelerate cash flow.
The product is currently in beta testing, scheduled for launch in first-quarter 2009, the company told CSP Daily News.
Cashiers insert checks into the safe's imaging feeder, just as they insert currency into the safe's high-speed bill acceptor. [image-nocss] The safe automatically captures the check amount, date and other information at the point of sale for transmission to the bank.
"Combining check imaging capabilities with our CompuSafe solution was the next logical step forward in creating a robust payment management solution for retailers. The all-in-one convenience of the Brink's CompuSafe with Check Imaging makes image capture easy, fast and secure," said Fred Purches, senior vice president of strategic solutions and product development. "It reduces human handling, which improves accuracy and efficiency and virtually eliminates the security and fraud risks associated with check payments."
In addition to streamlining in-store payment processing, Brinks' CompuSafe with Check Imaging allows retailers to take advantage of Brink's Daily Credit, a service that gives retailers daily access to their cash receipts before physical pick up. Working with participating U.S. financial institutions, Brink's facilitates credit based on the CompuSafe unit's electronically reported totals, transforming cash deposits into accessible funds overnight. In addition, Brink's Daily Credit allows retailers to schedule cash pickups at a frequency appropriate for each location without sacrificing the timeliness of deposits.
"Our retail customers rely on Brink's CompuSafe to protect their cash while delivering operational benefits throughout the cash flow process," Purches said. "Now the same protection and added value of Brink's CompuSafe Service can apply to check payments. It's another [way of] helping retailers transition from paper to image processing so they can take advantage of the efficiencies and cost savings created by Check 21 legislation."
Brink's CompuSafe with Check Imaging has a compact footprint—it fits under the counter where it is easy to access but safely out of the way of store traffic. An on-screen display allows cashier to verify the image before accepting the check for payment. And it integrates with Brink's CompuSafe 3000 units, but can be used as a standalone check imaging solution.
Brink's provides for secure storage and destruction of checks according to the appropriate retention schedule.
Among other benefits, it reduces the equipment and resources costs associated with paper check handling; improves check-handling accuracy; speeds settlement to virtually eliminate exposure to check fraud; accelerates fund availability, transforming payments into investible funds on a daily basis when Daily Credit service is used; eliminates the security risks associated with the onsite storage and destruction of paper checks; allows electronic consolidation of deposits across multiple locations to simplify reconciliation at a regional or national level; and is easy to use with automated amount recognition and image quality assurance.
Brink's U.S. is a division of Brink's Inc, is a global leader in business and security services that specializes in worldwide security transportation and cash logistics. Brink's, U.S. operates the nation's most extensive network of armored transportation services with more than 2,300 armored vehicles in 250 branches.
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