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Fifth Third Bank

what is Fifth Third Currency Processing SolutionsTM

Currency Processing Solutions is a comprehensive approach to managing cash receipts, from point of sale to bank deposits and every point along the way.

The way you are managing your cash is inefficient.

Most businesses are handling cash the same way they have been for decades. It's a tedious, expensive process - riddled with inefficiencies.

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Losses Attributed to Cash Handling are Significant

Handling cash costs retailers in the United States $40 billion annually.1

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The Numbers of Cash Transactions Remains Constant

27% of all transactions are still being completed with cash.2

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The Cost of Handling Cash Contines to Increase

Inefficient utilization of labor, increasing transportation costs, and losses all contribute to increasing expenses.

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A Simple View of How

Currency Processing Solutions works

We organize everything into a comprehensive solution.

Our team of dedicated cash handling experts work with you to analyze every aspect of your cash handling cycle – and develop a solution tailored specifically for your business.

Planning

We will work with your team to look for the best way to remove inefficiencies in your cash handling process.

Implementation

We collaborate to build processes and workflows to ensure the transition to CPS is as smooth as possible.

Hardware

We will manage the set-up and deployment of CPS devices throughout your organization.

Training

Once devices are installed, we will work together to ensure your staff receives the appropriate training.

Cash in Transit & Armored Vehicles

We will negotiate rates, coordinate schedules, and manage the armored courier relationship.

Reporting

Through Fifth Third Direct, you’ll be able to access transaction reports, user activity reports, and more.

Maintenance

We not only are committed to ensure our devices are working properly, but also proactively update and improve our software, technology and available options to meet customer demands.

Parts

If your device ever needs a replacement part, our support team will manage replacement parts and ensure your equipment is fully-functioning.


See why the operations, loss prevention, and treasury teams universally love currency processing solutions.

Whether your locations handle a few hundred dollars in cash a day or hundreds of thousands, CPS can make an immediate impact.

  • Improve access to working capital

  • Reallocate employee time to more productive tasks

  • Simplify the number of relationships needed to manage cash

  • And make more informed business decisions


Notices & Disclosures

Deposit and credit products offered by Fifth Third Bank. Member FDIC.

1.

"The Cost of Cash in the United States" by Bhaskar Chakravorti & Benjamin D. Mazzotta, Tufts University, September 2013

2.

"2013 Survey of Consumer Payment Choice," The Federal Reserve Bank of Boston

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