Loomis

Loomis provides physical cash collection, cash processing and ATM services for banks and retail businesses. In the United States it serves customers that handle large volumes of notes and coins.

Services

The listed subtype is cash-in-transit and cash management, with six services in the full list, including ATM services. According to the description, SafePoint and change-order solutions complement cash delivery by automating cash-handling routines and giving reporting on store locations. In practice this means armoured pickup, counting and deposit, plus smart-safe style tools that reduce manual reconciliation at the till.

Clients and channels

The only payment channel is physical cash. Customer groups named are financial institutions, retail, restaurants, hospitality and gaming, which are all sectors with heavy daily cash flows. Operators in these segments typically compare pickup frequency, cut-off times and the speed at which deposits are credited to the bank account.

Before engaging

Service areas within the United States, pricing, insurance limits and crediting times are not given in the profile and are set in the contract, so they should be requested from Loomis directly.