Glossary

All A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Term Definition
BTV

The base transaction value (BTV) refers to the monthly Rand value of banknotes that you expect to deposit into the cash vault

Cash Shrinkage

Shrinkage is the difference between recorded and actual cash inventory that can be attributed to factors including employee theft, administrative error and cashier errors. Retail studies indicate that worldwide the amount of value lost between till and bank averages 0.15% of cash turnover. Our cash accepting devices count the cash for you and identify fraudulent notes. This way businesses do not have to count the cash and stand a chance of cash going missing.

Cash Vault

Cash Connect Cash Vaults identify the cashiers and count and validate banknotes they deposit while keeping a real-time record of every transaction. Our Vaults are designed to be attack resistant, thus securing your money and creating the awareness that if you have a Cash Connect Solution, it’s pointless for armed robbers to attempt targeting your business … and your store becomes known as a hardened site.
This comprehensive approach to automated retail cash management solutions, enables Cash Connect to accept a 100% of the risk from the moment the cash is deposited into the vault..."We take the risk.".

CDF

The Cash Deposit Fee (CDF) is the fee that banks charge for cash deposits. The fee is calculated per R100. Because Cash Connect manages billions of Rands on a monthly basis, we are able to provide our customers with an affordable and competitive Cash Deposit Fee, allowing our customers to save money.

CIT

Cash in Transit (C.I.T.) collection service is provided by an armoured car company and includes the collection of cash on site and the delivery thereof to a bank. This can be done at a frequency that optimises your risk to cost equation. Against this background, Cash Connect offers Same Day, Next Day or a Two Day, guaranteed value settlement service options.

End2End solution

The End2End solution creates a 'One Stop Shop' incorporating securing the cash in store, capturing each and every deposit made, by whom, when and how much, the direct settlement of value Same Day to your predetermined nominated bank accounts, the collection and transportation of the daily deposits to the bank and the transfer of risk from the moment it is deposited into the cash vault and along the entire journey.

Product 1 Connectr 3000.u

The Connectr 3000.u is the latest under-counter cash vault built to SABS Cat 4 standards in the Industry with a capacity of over 3000 banknotes.This exclusive product is specifically designed to operate in small, restricted areas. Whether you’re a Risk Assessor or an Outlet (Retailer, Forecourt, Restaurant or Franchise Store) that handles cash, we have a perfect solution for you. Our solutions are tailor-made to beat South Africa’s unique challenges, and are manufactured to meet strict SABS CAT 4 standards.

Product 2 Connectr 5000.s

The Connectr 5000.s is a cash vault that is built to SABS Cat 4 standards with a 5,000 banknote capacity. Whether you’re a Risk Assessor or an Outlet (Retailer, Forecourt, Restaurant or Franchise Store) that handles cash, we have a perfect solution for you. Our solutions are tailor-made to beat South Africa’s unique challenges, and are manufactured to meet strict SABS CAT 4 standards.

Product 3 Connectr 10000.s

The Connectr 10000.s is a cash vault that is built to SABS Cat 4 standards with a 10,000 banknote capacity. Whether you’re a Risk Assessor or an Outlet (Retailer, Forecourt, Restaurant or Franchise Store) that handles cash, we have a perfect solution for you. Our solutions are tailor-made to beat South Africa’s unique challenges, and are manufactured to meet strict SABS CAT 4 standards.

RCV

Retail Cash Vaults (RCV) are cash acceptance devices that are built to withstand aggressive attacks and are thus designed to deter, deflect and defend against armed robbers. Cash Connect offers a variety of cash vaults that retailers can choose from to accommodate small to large daily banknote volumes.

ROI

Return on Investment, Understanding the accumulated cost of cash handling creates awareness of the savings that can be realised from automation. You will likely save money, reduce your risk exposure to armed attack, benefit from time savings and enjoy a much improved emotional bank account for your business. Quality improvements to cash security will boost staff morale; productivity and turnover as well as assist in creating a safe trading environment for your customers.

SABS Cat 4 standard cash vaults

Cash Connect’s cash vaults (safes) are built to SABS Cat 4 standards. The higher the category, the more robust the cash vault. SABS is a statutory body that was established in terms of the Standards Act, 1945 and operates as the national standardisation institution in South Africa, mandated to promote quality in connection with commodities, products and services. Note that the Cash Connect Connectr range is manufactured to strict SABS Cat 4 specifications contributing to the receipt of endorsements from corporate Retail Brands, major fuel companies, national chain stores and three major commercial banks.

Webflo

Cash Connect provides its customers with their transaction history via an easy to use online client portal. This advanced financial record tracks real time deposits and payments as well as a history over any required period of activity. Multi store customers enjoy the aid of an overall group view making daily reconciliation a breeze.

A number of in built service options provide customers the options to direct settlement values to prenominated beneficiaries, track individual teller activity and receive SMS messages of key daily activities.

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T | +27 11 010 4300
E | info@cashconnect.co.za
CC | 0861 MY RAND (69 7263)

Jhb Head Office:
Innesfree View | 4 Harris Road (Cnr Katherine & Harris) | Sandown Ext 20 | Sandton | 2196 | South Africa

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