CMN-System | Rethink RCC
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The document describes a remote cash management system called CubeIQ that allows merchants to deposit cash directly into their bank accounts without having to physically transport deposits. It discusses (1) how the system works using smart safes and remote data transmission, (2) the benefits to merchants of reduced transportation costs, increased automation and cash flow, and improved safety, and (3) the benefits to banks of maintaining relationships with merchants and access to new markets.
CMN-System | Rethink RCC
- 1. CubeIQ Let your cash flow thru the web …directly to your bank An Idea Whose Time Has Come to respond in Retailer Cash Logistics burden CubeIQ Ltd R04 10/30/2012
- 2. CubeIQ Let your cash flow thru the web …directly to your bank Contents • Introduction to Remote Cash Control • Smart Safes: The Cash Handling Machines • The components of CMN System™ • CMN System screenshots CubeIQ © 2012-2015 2
- 3. CubeIQ Let your cash flow thru the web …directly to your bank REMOTE CASH CONTROL Introduction to RCC Concept CubeIQ © 2012-2015
- 4. CubeIQ Let your cash flow thru the web …directly to your bank What is the RCC… Remote Cash Control is a rapidly growing service which allows merchants to deposit cash safely and securely without visiting the bank’s branch but still have access to the very important and necessary data of their deposits CubeIQ © 2012-2015 4
- 5. CubeIQ Let your cash flow thru the web …directly to your bank Growing Market Acceptance How it all started… • For long time since its inception in 1994, intelligent depository safes enjoyed relatively slow growth. • After five years of availability, barely 6.000 safes had been installed. In spite of only two armored couriers joined the fray early on, growth remained anemic. • It was the advent of bank provisional credit that introduced among a small handful of banks beginning in 2006, which ushered in remarkable growth rates and gave rise to RCC as we now know it today. • This “game changer” led to a step-change increase in the rate of industry adoption. CubeIQ © 2012-2015 5
- 6. CubeIQ Let your cash flow thru the web …directly to your bank Growing Market Acceptance Today we live the “RCC era”… In a new, updated report, titled “Remote Cash Capture 2012 Market Update: Big Changes in a Growing Market” the author, Celent consultants and analysts from US, • Recognizes the quickly growing RCC service, and its benefits to retailers. • Concedes the trend of a new era in merchant cash logistics, which will keep growing rapidly. • Identifies the Operating Cost reduction through a win-win relationship between the Merchant and the Bank. • Predicts that following the growth trend over the last 10 years, Remote Cash Control is expected to accelerate from roughly 60,000 devices installed in 2011 to over 110,000 devices through 2015. CubeIQ © 2012-2015 6
- 7. CubeIQ Let your cash flow thru the web …directly to your bank Growing Market Acceptance CubeIQ © 2012-2015 7
- 8. CubeIQ Let your cash flow thru the web …directly to your bank No satisfactory solutions to-date… • Today this demand is being met by few banks and armored couriers, providing homegrown solutions running on proprietary networks and platforms • Retailers have limited ability to choose their banking relationship, their hardware or their armored courier service; they simply have to surrender and move to a gold compromise CubeIQ © 2012-2015 8
- 9. CubeIQ Let your cash flow thru the web …directly to your bank No satisfactory solutions to-date… Still today on a daily basis, merchants are obliged to: • Handle selected cash manually, passing it from the cashiers to their supervisors • Spent valuable time on recounting cash, for validation purposes • Organize risky cash-transfers to the nearest branch of the related Bank • Spent time, on a corporate level, in order to reconcile deposits over several accounts of the same or even several Financial Institutions CubeIQ © 2012-2015 9
- 10. CubeIQ Let your cash flow thru the web …directly to your bank the answer to merchant needs… Merchants are demanding more and better cash services from their banks: – Faster credit for deposits – Reduced armored courier expenses – Rationalized bank relationships – Web-accessible reporting and reconciliation CubeIQ © 2012-2015 10
- 11. CubeIQ Let your cash flow thru the web …directly to your bank How it works… RCC is possible by deploying a smart safe at the merchant locations with armored pickup service. These smart safes are secure and equipped with currency validating and optionally recycling capabilities. Finally, the smart safes are integrated with live information reporting communication with the bank, for potential provisional credit. CubeIQ © 2012-2015 11
- 12. CubeIQ Let your cash flow thru the web …directly to your bank The RCC Paradigm CubeIQ © 2012-2015 Merchant deposit Merchant withdrawal CMC SCADA Bank Visibility in Time-stamped Data Bank provides Provisional Credit Merchant Visibility in Time- stamped Data CMC triggers CIT svc’s upon cash critical volume CIT offloads CSS Bank ack physical cash in its inventory N - days 12
- 13. CubeIQ Let your cash flow thru the web …directly to your bank Business Layers Hierarchy CubeIQ © 2012-2015 13
- 14. CubeIQ Let your cash flow thru the web …directly to your bank Information Flow Hierarchy Bank CubeIQ © 2012-2015 14
- 15. CubeIQ Let your cash flow thru the web …directly to your bank Commercial Relationships Roles and Responsibilities • Safety & Security Policy • Provisional credit • Armored courier Services • Events Management – CSSs digital comm monitoring • Data Management – Cash inventory, collection, store and forward to bank • CSS equipment provisioning • CSS financing schemes • CSS maintenance & support • Data comm equipment & implementation • Data Collection Agreement (sole end recipient being the “Bank”) • Other side services (accessories, consumables, software & customized “solutions”) CubeIQ © 2012-2015 15
- 16. CubeIQ Let your cash flow thru the web …directly to your bank Sources of sale CubeIQ © 2012-2015 16
- 17. CubeIQ Let your cash flow thru the web …directly to your bank CubeIQ © 2012-2015 the Business Drivers a win-win solution for all stakeholders
- 18. CubeIQ Let your cash flow thru the web …directly to your bank The Retailer Business Drivers Increased automation and straight-thru processing – Reduce deposit preparation time per store – With hardware devices, custody remains with the cashier – Observed average cash-losses reduction exceeds 90% CubeIQ © 2012-2015 18 increase automation and straight-thru processing
- 19. CubeIQ Let your cash flow thru the web …directly to your bank The Retailer Business Drivers Floating-Cash Reduction – Live communication link to the bank, enables provisional credit on balances as they are identified in the device – Retailers improve liquidity, reduce short- term debt and improve investment strategies CubeIQ © 2012-2015 19 control floating-cash
- 20. CubeIQ Let your cash flow thru the web …directly to your bank The Retailer Business Drivers Transportation Expense – Provisional credit allows less frequent physical transportation of cash – This is reducing armored transportation expenses at a fraction of the original cost CubeIQ © 2012-2015 20 reduced transportation expenses
- 21. CubeIQ Let your cash flow thru the web …directly to your bank The Retailer Business Drivers Safety in Cash Logistics – With many retailers tasking employees to deliver deposits, provisional credit reduces the number of required trips and risk exposure – Less touch points for collected cash, as it flows from the retailer to the bank, leads to significant reduction of “cash entropy” CubeIQ © 2012-2015 21 safety is increased
- 22. CubeIQ Let your cash flow thru the web …directly to your bank The Bank Business Drivers Maintain Cash Relationship – Armored couriers are collecting the strategic cash, the bank is commoditized and disintermediated – New fee income from selling hardware devices and the corresponding services – Enhances business services product, offerings CubeIQ © 2012-2015 22 collect cash, only when it worth's to
- 23. CubeIQ Let your cash flow thru the web …directly to your bank The Bank Business Drivers Single Banking Relationship – With virtual vaults, a bank can manage the total relationship of a retailer regardless of their geographic footprint – Facilitates deposit growth CubeIQ © 2012-2015 23 reach places you don’t even have a branch
- 24. CubeIQ Let your cash flow thru the web …directly to your bank The Bank Business Drivers New market – Small and medium size banks, can control market share that has historically been reserved for large Tier-1 commercial banks – Penetrate aggressive retail market segments, with massive commercial outlets, such as Petrol Stations, Retail Shops, Restaurants, Betting Agencies, even Casino’s CubeIQ © 2012-2015 24 grow with minimum investment…RCC, eBank, mBank
- 25. CubeIQ Let your cash flow thru the web …directly to your bank The Bank Business Drivers Loyalty and Reward – Retailers are more likely to stay with the bank who gives them a complete service offering across their enterprise regardless of geographical footprint CubeIQ © 2012-2015 25 eliminate geographical restrictions
- 26. CubeIQ Let your cash flow thru the web …directly to your bank SMART SAFES: CASH HANDLING MACHINES Scalable technology for retailers Cash Processors Recyclers Depositors CubeIQ © 2012-2015
- 27. CubeIQ Let your cash flow thru the web …directly to your bank CubeIQ © 2012-2015 27
- 28. CubeIQ Let your cash flow thru the web …directly to your bank Mid and High Tier Capacity CubeIQ © 2012-2015 deposit onlydeposit only deposit, withdrawal, recycling banknotes capacity 5k banknotes capacity 10k banknotes capacity 12k cartridges: € none € 4 X 0.9k each € € € € € € € 4 X 0.5k each bags: 2 X 5k each5k 3k 3k O R no cash bundles/wrappingno cash bundles/wrapping w/wrapped cash bundles Self contained UI Self contained UI UI in attached computer € € 2 X 2.5k each banknotes capacity 2k cartridges: € none bags: 2k no cash bundles/wrapping UI in attached computer 28
- 29. CubeIQ Let your cash flow thru the web …directly to your bank Low to Mid Tier capacity • Model “CSeXtra”, manufactured by CTS Electronics, Italy – CSeXtra is the newest banknote deposit solution for the retail market to increase security and productivity at the store enabling complete cash flow control. – CSeXtra small size and footprint allows this unit to be placed under a counter or in a small back office. Each deposit transaction is monitored and all the data are available to the customer and to the bank. A receipt for each transaction is issued, which includes details of notes (quantity, denomination and total value). • Operational features: – Deposit module for cash deposit with self-sealing bag welding mechanism – Safe: Steel strong box 6mm, optional UL291, CEN III – Lock: electronic lock with 2 access code + door opening approval only after bag sealing – Security sensors: “door open” sensor – Front access for service and safe opening • Notes Acceptor and Deposit Module standard features: – Drop in feeder capacity: 50 notes (even mixed) – One reject pocket, capacity:20notes – Transport speed: 180notes/min, 3notes/sec (Validation & Deposit) – Self-sealing plastic bag capacity: 2000 notes – Dimensions: Height: 700mm; Width: 400mm; Length: 520mm – I/O: USB2 – Validation of Euro currency notes – Other denominations on request CubeIQ © 2012-2015 29
- 30. CubeIQ Let your cash flow thru the web …directly to your bank Low to Mid Tier capacity • Model “SID”, manufactured by CTS Electronics, Italy – SID is a robust and sturdy device designed to deposit banknotes. After operator identification, the system allows to deposit bundle of mixed banknotes. After accurate counting and validation, they are then deposited into a self-sealing plastic bag located inside a robust and secure safe. – Each deposit transaction is monitored and all the data are available to the customer and to the bank. A receipt for each transaction is issued, which includes details of notes (quantity, denomination and total value). • Operational features: – Deposit module for cash deposit with self-sealing bag welding mechanism – Safe: Steel strong box 6mm, optional UL291, CEN III – Lock: electronic lock (LaGard or similar) with 2 access code + door opening approval only after bag sealing – Security sensors: “door open” sensor – Touch screen 7” (16:9format, 800x480 resolution) – Deep insertion magnetic stripe reader track 1-2-3 and chip card reader for user identification – Thermal receipt printer: 80mm – Internal PC with Windows XP embedded – UPS – Front access for service and safe opening • Notes Acceptor and Deposit Module standard features: – Drop in feeder capacity: 50 notes (even mixed) – One reject pocket, capacity:20notes – Transport speed: 180notes/min, 3notes/sec (Validation & Deposit) – Self-sealing plastic bag capacity: 5000 notes – Dimensions: Height: 776mm; Width: 430mm; Length: 640mm – Connection: LAN 100Mbit/sec - 1Gbit/sec – Validation of Euro currency notes – Other denominations on request CubeIQ © 2012-2015 30
- 31. CubeIQ Let your cash flow thru the web …directly to your bank Mid Tier capacity • Model “neoFID”, manufactured by CTS Electronics, Italy – FID is a breakthrough innovation, with its name standing for Fast Intelligent Deposit. It is a self-banking or back office solution that allows users to deposit bulks of banknotes and cheques at an impressive speed. It is aimed to replace deposits made using envelops (as in night-drop deposits) as well as an automated solution either at the bank's lobby or in a self-service area, providing great improvement and benefits to banks as well as retail users. It can be used integrated in a Kiosk, inside an ATM or as a standalone back office unit. • Standard configuration features: – Deposit Module for Cash deposit with 1 bag or 2 cartridges totaling 5,000 notes – Optional extension to 2nd bag or 2 addt’l cartridges totaling 10,000 notes – Safe: Iron strong box 6mm – Lock: electronic lock (“LaGard” or similar) with 2 access codes and one mechanical lock with one key – Security sensors: “door open” sensor – 7” display with touch screen (16:9, res.800x480) – Magnetic stripe reader tracks 1-2-3 and chip card reader for user identification and authentication – Thermal receipt printer: 80mm prints the total transaction amount and denominations breakdown – Integrated PC with Windows XP Embedded O.S. – Front access for service and safe opening – Gigabit LAN Ethernet connection CubeIQ © 2012-2015 31
- 32. CubeIQ Let your cash flow thru the web …directly to your bank High Tier Deposit & Dispense CM24B, allows retailers to deposit bundles of banknotes to their preferred bank account, without leaving their premises. Given to its’ cash-recycling capabilities the CM24B becomes the “cash reference point” of the store, preparing the cashier till at the start of the day and receiving the returning cash at the end, without evolving the store’s supervisor. The CM24B is the ultimate cash recycling device perfectly suited to the retail environment. CubeIQ © 2012-2015 32
- 33. CubeIQ Let your cash flow thru the web …directly to your bank High Tier Deposit & Dispense The transfer of notes from the recycling area to the deposit one is totally automated and secured. The banknotes are not accessible during the transition. For extra security, the CM24B safe is divided into two isolated parts. Every safe is opened by different electronics locks. Supports both, recycling and deposit functions. CubeIQ © 2012-2015 33
- 34. CubeIQ Let your cash flow thru the web …directly to your bank CM24B | The Cash Hub Bank CIT Consumer Merchant Consumer’s paymentmerchant deposits in Smart-Safe Cash for Start of shift prep for CIT cash offload cash to Bank 1 2 3 Capacity 6000 banknotes Capacity 6000 banknotes web services CubeIQ © 2012-2015 34
- 35. CubeIQ Let your cash flow thru the web …directly to your bank EXPANDING CASH CYCLE CONTROL the CMN System CubeIQ © 2012-2015
- 36. CubeIQ Let your cash flow thru the web …directly to your bank The CMN components CubeIQ © 2012-2015 36
- 37. CubeIQ Let your cash flow thru the web …directly to your bank Cash Management Network CubeIQ © 2012-2015 37
- 38. CubeIQ Let your cash flow thru the web …directly to your bank CMN-System screenshots CubeIQ © 2012-2015 common user-interface
- 39. CubeIQ Let your cash flow thru the web …directly to your bank User logged-in CubeIQ © 2012-2015 39
- 40. CubeIQ Let your cash flow thru the web …directly to your bank Deposit/Report CubeIQ © 2012-2015 40
- 41. CubeIQ Let your cash flow thru the web …directly to your bank CubeIQ © 2012-2015 the dashboard screen 41
- 42. CubeIQ Let your cash flow thru the web …directly to your bank monitor & zoom in CubeIQ © 2012-2015 42
- 43. CubeIQ Let your cash flow thru the web …directly to your bank Entity Dashboard CubeIQ © 2012-2015 User Name @ merchant 43
- 44. CubeIQ Let your cash flow thru the web …directly to your bank Cash Inventory CubeIQ © 2012-2015 44
- 45. CubeIQ Let your cash flow thru the web …directly to your bank Journal Report CubeIQ © 2012-2015 45
- 46. CubeIQ Let your cash flow thru the web …directly to your bank Fill Level & Cash Deposit maps CubeIQ © 2012-2015 46
- 47. CubeIQ Let your cash flow thru the web …directly to your bank the IcM workstation CubeIQ © 2012-2015 47
- 48. CubeIQ Let your cash flow thru the web …directly to your bank on the go…through Android CubeIQ © 2012-2015 48
- 49. CubeIQ Let your cash flow thru the web …directly to your bank on the go…with Android CubeIQ © 2012-2015 49
- 50. CubeIQ Let your cash flow thru the web …directly to your bank Vizantiou 78 14 234 Athens Greece Tel. +30 210 9530 242 Fax +30 210 6255 672 www.cubeiq.gr rcc.tcr-cubeiq.gr CubeIQ …rethink Remote Cash Control CubeIQ © 2012-2015