Cash Connect Management Solutions, the leader in automated cash management and payment solutions, launches South Africa’s first small under counter, automated cash vault that is built to minimum SABS Category 4 level specifications – the Connectr© 3000.u, also known as the N3K.
This revolutionary device offers retailers with limited floor space, the capacity to deposit up to 3000 bank notes quickly and accurately. The major differentiator is that it is a proven deterrent to criminals wanting to try an armed robbery or burglary including bombing attacks against the store. Our clients’ staff and customers are no longer intimidated by the fear of attack and the focus of attention has shifted to improving the working and shopping experience in every way.
According to Steven Heilbron, also Joint CEO of Cash Connect says “Our aim is to enable retailers to operate more efficiently and securely. Our new Connectr© 3000.u (N3K), although compact, is a robust under-counter cash vault that is built to SABS Category 4 standards that will ensure an effective crime deterrent for businesses.”
“In pursuing a new design approach, the aim was to provide the retailer with a relevant improvement to an already successful product range, without compromising quality, security or effectiveness. Cash Connect has successfully changed the design of cash acceptance devices and at the same time set the benchmark for future cash vault design,” says Pierre Liebenberg, General Manager of Development and Manufacturing at Cash Connect.
The N3K cash accepting device addresses multiple needs for various business requirements because it’s compact, aesthetically improved, and boasts new technical features.
“Current trends indicate a need for smaller devices that adequately protect against traditional and sophisticated blunt-force attacks. With pressure mounting on retailers to generate maximum revenue from available floor-space, there is a greater need for a cash acceptance device that will fit under counters and in small cash offices,” says Liebenberg.
Liebenberg further adds that the design of the N3K provides a solution for varied environments where the cash volume to be processed matches the product’s specifications. That being said, the N3K provides an ideal solution to fuel retailers and convenience store owners because of its non-intrusive and innovative design which incorporates a world-first, sliding door feature in the safe.
This design negates the door-swing allowance and resultant wasted floor-space required for opening conventional-design safe doors, thereby allowing the cash vault to be installed in generally under-utilised counter space or next to a wall.
The N3K boasts a range of industry-leading features:
- Built to minimum of SABS Category 4 burglary resistant safes standard;
- Contemporary, easy to use touch-screen user interface;
- A unique horizontal drawer-slide, door design for efficient use of under-counter and adjacent wall space;
- An unconstrained capacity of up to 3 000 banknotes;
- A note validator with a hopper capacity of 30 mixed denomination banknotes and up to 64 banknotes per minute processing speed;
- A proprietary, prompt-assisted bag-loading system which prevents incorrect loading of disposable heat-sealed bags;
- Biometric user identification;
- Dual SIM GSM/GPRS bi-directional communication with our proprietary back-end; and
- Unlimited users, unlimited destination accounts, as well as a multi-business partner capability.
With South Africa’s high crime rate and the knowledge that more than 90% of business robberies occur with insider participation, it is important to understand that the kind of deterrent/s you have in place will determine the chances of your store being identified as a target for criminals.
Businesses big and small therefore need to choose their cash management systems wisely. Ultimately the primary objectives should be to remove cash as the target for business robberies, which creates a meaningful deterrent and in turn, helps increase business efficiency. Our track record clearly demonstrates that our cash management and payment solutions greatly improve the odds of success.
About Cash Connect
Cash Connect Management Solutions offers an end-to-end cash management solution that encompasses cash in transit logistics and cash processing. Established in 2006, Cash Connect’s specialist solutions for retailers remove risk and maximise cash flow through swift settlements.
Cash Connect is one of the largest suppliers of cash to the banking system and boasts close on R40 Billion a year that it manages on behalf of its diversified client base across the country.
It is an approved service provider to blue-chip companies such as Spar Group, Shell, Engen, Pick ‘n Pay and OK to name but a few.
The executive management team - led by joint CEOs Richard Phillips and Steven Heilbron - has an unrivalled pool of specialised cash logistics, security and banking experience. The board of directors is chaired by Ivan Epstein, CEO of the Sage Group AAMEA (Africa, Australia, Middle East and Asia). Cash
Connect is a private company, with Old Mutual’s specialist fund, Futuregrowth Asset Management, as its largest institutional shareholder.
Celebrating its 10th anniversary, Cash Connect believes that businesses deserve to trade in a safe environment, allowing retailers to do business efficiently and securely.
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