Cash in Transit

 

 

SOT 161 has been providing transportation and guarding services of valuable assets for over 15 years now. The company owns a large number of armored vehicles most of which are Volkswagen Transporter Model T5 and T6. The vehicles have GPS positioning systems, reliable dual-channel connections and other technical and supporting facilities, cash compartments and special equipment made in Germany, with the highest sixth level of protection. Thus, the safety of cargo and transportation team is practically ensured.

The sites are served by 140 employees guarding valuables and cargo throughout the country. The activity is performed absolutely in strict compliance with the requirements of Ordinance 8121з-444/2016 of the Bulgarian National Bank on the organization and control over ensuring the safety of banks and non-bank financial institutions and Ordinance I-121/2004 of the Ministry of Interior on the procedure of arranging security during transportation of valuable assets and cargo.

The cash transferred under contracts must have insurance policy covering the money not only in transit, but also in the stay locations, pavement risk and specific risks during cargo handling operations. The policy will also include reimbursement of losses incurred by the employers in case of employees’ disloyal behavior.

In order to ensure required safety, the specialized vehicles are in constant connection with the company’s National Operations On-duty Center and the coordination center of Cash- in-Transit Department. Their travel route is being monitored through GPS systems for satellite positioning and navigation which enables quick response and assistance, if needed.

Besides the test-signals, signals for change in status of the cash in transit vehicles (CTV) are registered and processed in the on-duty centers’ computer networks, i.e. turning on/off the engine, different kinds of alarms, power failure signals or attempted interventions with the security alarm system, etc.

Using this technology, the company can have a direct view on all ongoing events of CTVs in real time. The technology has proven its efficiency and effectiveness in time of crisis.

SOT is able to provide cash-in-transit services upon request submitted 24 hours in advance for the following day or express order for the same day – within 2 hours after receipt of the request!

SOT 161 makes more than 30 000 cash collections per month

Since 2008 SOT EOOD has been providing a processing and keeping cash and valuables service. The Cash-in-Transit teams receive from clients the cash and valuables to be processed, transport them to a Counting/Cash Center at the company’s premises where they are processed and kept in a 24-hour vault.

In 2008 the first Counting/Cash Center of SOT EOOD started operating in Sofia. Consequently, three (3) more counting/cash centers were established as follows:

Sofia
Industrial Zone,
Gara Iskar, 2, 5004 Str.

Plovdiv
30, VasilAprilov Str.

Varna
16, Tri Ushi Str.

Burgas
45, Gen. Gurko Str.

Each center has its own vault.  They are equipped with NEWTON F and KISAN k-500 banknote sorting machines in accordance with Ordinance 18 of the Bulgarian National Bank for standards for identification and fitness, and with coin-counting machines. All of them underwent manufacturer and BNB tests under Ordinance 18 of the Bank according to the standards for identification and fitness.

Money designated as valuables by clients are being accepted, processed and counted in the Counting/Cash Centers and kept in the company’s vaults until the bank accounts provided by the client are credited with the amount of the counted money. Besides counting cash and crediting clients’ accounts, delivery of coins is also carried out upon prior request.

All operations related to acceptance, opening and counting the money in envelopes are monitored and controlled by high-resolution megapixel cameras and recorded with special DVR devices.

Each of the Counting/Cash Centers provides service to its the adjacent regional towns and municipalities.

The counting machines are operating in a network, with specifically developed software, and the information for the counted amounts is transferred immediately to clients. The center employees are also experienced in loading ATMs of commercial banks located both in bank offices and points of sale. 

Our clients includeRaiffeisenbank (Bulgaria) EAD, Municipal Bank AD, SI Bank AD, clients of PROCREDIT BANK, Lilly drogerie EOOD, McDonald’s Bulgaria EOOD, Sopharma AD, Deichmann Shoe Retailer EOOD, National Distributers EOOD, Estee Lauder Bulgaria EOOD, HANDY TEL EOOD, PROMARKET OOD, St. Kliment Ohridski Sofia University, FRESH-2000 OOD, Sting OOD, Temporary Auxiliary Committee of the Technical University of Sofia, AVANTI EOOD,  Arena Cinema VT OOD, Forever Living Products Bulgaria EOOD,  S&D Commercial OOD, Tendence Group EOOD, Sodexo Pass Bulgaria EOOD, Sofia Municipality, NIS PETROL EOOD, KOME EOOD, Global Net Solutions, Pharma Store OOD, TOPLIVO, Fast Pay AD, Censor Night and many others.

Cash in Transit

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Bratovanov