National Secure Transport (NST), a provider of cash-in-transit services, and Valley Bank, a commercial bank committed to providing innovative financial solutions, have announced a strategic partnership to offer a smart safe program specifically designed for cash-intensive businesses.
This program leverages cutting-edge Smart Safe technology, offering a secure and efficient way to manage cash operations while providing faster access to working capital for these businesses. These advanced safes not only safeguard cash but also streamline cash-handling processes by automating deposits, counting, and reconciliation. They provide real-time visibility into cash flow, allowing businesses to monitor funds without manually managing them. Once cash enters the smart safe, only NST can access it, ensuring a secure transfer to Valley Bank where deposited cash is credited to the business's bank account before physical collection, improving cash flow and operational efficiency. By reducing risks of theft, errors, and time spent on cash management, smart safe technology helps businesses focus more on growth and customer service while eliminating the need for physical bank visits.
Valley Bank has meticulously tested and integrated the smart safe technology, provisional credit system, and existing banking services to ensure a smooth user experience for merchants. This program is currently available in more than 30 states and growing, with Valley’s national reach and risk management expertise ensuring strategic expansion into new markets.
The new partnership follows recent NST collaborations with banks in Missouri and Michigan and adds to the company’s expanding roster of more than 20 financial institution partners.
