Denominator7
What is the Denominator7?
- The Denominator7 is a secure on-line cash-receiving terminal built as a modular unit which can be installed at a client’s site and be operational within 2 hours post arrival. No special vehicles are required to deliver any of the components.
- The device consists of a secure safe, the latter built to the required Category 3 specification. The unit consists of a high speed bill acceptor and touch screen with built in printer.
How does it work?
- Bulk cash notes are placed irrespective of their denomination and face value onto the high speed bill acceptor, the Denominator7 will count and verify every note. On accepting the transaction the notes are dropped into the secure Denominator7 and the teller issued with a receipt containing all the required information from the last deposit.
- The Denominator7 will print an end of day/shift value transaction report which will detail the total value of all drops in the device since the last cash up and/or CIT collection.
- The client’s CIT company will do the daily collections of the cash in the safe with the amount to be deposited into the client’s bank account within an agreed time frame by the client’s bank.
The expected benefits of partnering with CashAccSys/CIT1 are:
- CIT1 offers the client a full e-commerce solution for the recovery and storage of all transactional information with a full audit trail of all deposits accessible via an ethernet cable fitted to the Denominator7. Each terminal has its own ID and client number.
- The Denominator7 ensures a secure, safe and speedy cash processing process with full back up and data recovery. The Denominator7 will secure the safety of your cash by keeping it out of your tills or back office.
- The Denominator7 will minimize office administration & effectively eliminate manual cash reconciliation
- There will be reduced reconciliation differences between the retailer and other intermediaries
- Cashing up time at shift end will diminish with only the float being counted
- The secure cash stored in the Denominator7 adds to staff and customer safety
- The client no longer has to experience dangerous and time consuming trips to the local bank
- There is an increased removal of risk from the retailer
- The Denominator7 uses proprietary closed loop sealed bags to decrease the amount of in transit pilfering and increase ease of transportation
- The Denominator7 has built in anti-theft features making cash in the safe secure.
What are the 4 major differentiators between our product
(Denominator7) and that of our competitors?
1. LCD touch screen for any potential user input. (Cashier number,
Account number, site number etc.)
2 A secure safe
3. Our unique self sealing standard stop loss bag with 2500 and 5000
note capacity. (Closed Loop, Tamper evident bags - no canisters)
4. Rental options starting at starting at R2950pm, A cost effective solution
