RFID Base Cashbox Management for a Bank

A substantial flow of cash is generated by a state-owned bank in China, where they essentially require a bank-specific barcode scanner with reliable performance. In order to optimize cashbox escort processes, they have adopted Chainway’s handheld computers with barcode scanning and powerful Information Storage Capacity could prove to be an excellent choice for financial escort management by helping them improve efficiency and enhance financial security.

Challenges

The earlier manual method of the financial escort was strenuous, inefficient and extremely insecure that used to be reflected in processes of asset management and verification of cashbox escort personnel.

Solutions

The bank deployed Chainway’s 3000 UHF handheld computers and each cash box would be assigned a unique ID barcode or RFID tag that would include even the minutest information about that particular box (like total amount in the box, serial number etc.). These RFID tags could very easily be read by a casual wave with the help of Chaiway’s handheld computers and can be transmitted automatically to the database. On the other hand, it will also verify the identification of cashbox escorts who would also be assigned a unique RFID tag beforehand resulting in secure handover and would also help the management deal with an emergency during the escort.

Effects

The introduction of the RFID technology brought about a number of changes in the operations of financial escort. The identities of cash boxes and personnel are verified and documented in real time and to a great deal it has minimized potential risks and has improved the administrative managerial errands.