Bank Vault Project for a Bank in China

Background
Banks have to deal with a large cash flow every day and the manual process of cash box transfer makes it more complicated. Writing all the transaction by hand is not only a time consuming and cumbersome process but also raise security concerns.
 

Challenges
1 There is no automatic identification of cash boxes. Thus, all the boxes need to be collected at a centralized facility for classification management at the end of the day. This process involves high labour costs and time.
2 Authorized persons are responsible for transferring the vault to the outlets and ATMs. Person authentication identification is completely relying on the magnetic stripe, documents, and verbal password, that is easy to breach.
3 Handover procedures are manually registered, which is cumbersome and inefficient.
4 Real-time tracking and update of cash box transfer data is not available. Therefore, reports cannot be generated automatically.
 

Solutions
Chainway corporation helps bank management to deploy an RFID identification and tracking management for cash boxes. With the help of this solution, management gets access to the information in real-time for cash box management and ensure high efficiency and accuracy. The solution eliminates safety issues and improves bank vaults management.
 

Electronic management for cash boxes
Each cash box is attached with a label that contains two-dimensional code and RFID tag. The label embedded all the information about the cash box and it can be read and write at any time with the help of the Chainway mobile data terminal.
 

Personnel identity management
Chainway PDA helps in personnel identification and authentication. PDA easily transforms the manual identification process into an intelligent identification process.
 

Intelligent handover management
Chainway PDA helps in facilitating quick handover management. A person can automatically identify and allocate specific cash boxes for delivery.
 

Real-time monitoring of cash box flow
The real-time tracking of cash box transfer and cash logistics can be realized based on RFID technology so that the manager can perform real-time monitoring of the entire cash flow.
 

Effects
1 The new solution transforms the traditional process of bank vault transfer into an intelligent process. This helps to upgrade the work management level of the bank.
2 The solution efficiently utilizes RFID and Barcode technology to effectively manage the cash box handover process.
3 It can intelligently verify the personal information related to cash unit, lines, outlet, tellers and cash box type, etc.
4 The real-time tracking report of cash boxes can be automatically generated. The administrator can capture the flow of each cash box on the background, which provides a basis for business planning and boosts management efficiency.
 

PDA Configuration
P/N: C72
Function: RFID UHF, 2D
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