Brink’s to Give Sneak Peek at New Technology at AFP Conference

2008 AFP Annual Conference

On Sunday October 19, Brink’s will offer a sneak peek at the newest member of its CompuSafe® Service family of safes: the Brink’s CompuSafe with Check Imaging. By integrating image capture technology into the Brink’s CompuSafe closed-loop process, Brink’s enables one-stop check imaging at the point of sale to eliminate manual check handling and accelerate cash flow.

One step, that’s all it takes to process a check with the new Brink’s CompuSafe with Check Imaging. Cashiers simply insert checks into the safe’s imaging feeder, just as they insert currency into the safe’s high-speed bill acceptor today. The safe automatically captures the check amount, date, and other information, right at the point of sale, for transmission to the bank.

“Combining check imaging capabilities with our CompuSafe solution was the next logical step forward in creating a robust payment management solution for retailers. The all-in-one convenience of the Brink’s CompuSafe with Check Imaging makes image capture easy, fast, and secure,” says Fred Purches, senior vice president of strategic solutions and product development. “It reduces human handling, which improves accuracy and efficiency, and virtually eliminates the security and fraud risks associated with check payments.”

In addition to streamlining in-store payment processing, Brink’s CompuSafe with Check Imaging allows retailers to take advantage of Brink’s Daily Credit, a service that gives retailers daily access to their cash receipts before physical pick up. Working with participating financial institutions across the U.S., Brink’s facilitates credit based on the CompuSafe unit’s electronically reported totals, transforming cash deposits into accessible funds overnight. In addition, retailers enjoy a substantial cost savings as Brink’s Daily Credit allows them to schedule cash pick-ups at a frequency appropriate for each location without sacrificing the timeliness of deposits.

“Our retail customers rely on Brink’s CompuSafe to protect their cash while delivering operational benefits throughout the cash flow process,” says Purches. “Now the same protection and added value of Brink’s CompuSafe Service can apply to check payments. It’s another example of our technology leadership and our commitment to helping retailers transition from paper to image processing so they can take advantage of the efficiencies and cost savings created by Check 21 legislation.”

Brink’s CompuSafe with Check Imaging Features
Compact footprint fits under the counter where it is easy to access but safely out of the way of store traffic
On-screen display allows cashier to verify the image before accepting the check for payment
Integrates seamlessly with Brink’s CompuSafe 3000 units but can be used as a stand-alone check imaging solution
Brink’s provides for secure storage and destruction of checks according to appropriate retention schedule

Brink’s CompuSafe with Check Imaging Benefits
Reduces the equipment and resources costs associated with paper check handling
Improves check-handling accuracy
Speeds settlement to virtually eliminate exposure to check fraud
Accelerates fund availability, transforming payments into investible funds on a daily basis when Daily Credit service is utilized
Eliminates the security risks associated with the on-site storage and destruction of paper checks
Allows electronic consolidation of deposits across multiple locations to simplify reconciliation at a regional or national level
Easy to use with automated amount recognition and image quality assurance.

“Brink’s CompuSafe with Check Imaging couldn’t come at a better time,” adds Purches. “Especially in today’s tough economic environment where reliable access to funds is more important than ever before, accelerated cash flow and lower-cost cash operations can give everyone in the payments value chain, from financial institutions to retailers, a tremendous competitive advantage.”

The new Brink’s CompuSafe with Check Imaging will be on display at the Association for Financial Professionals (AFP) Conference in Los Angles from October 19 to October 22. Brink’s expects to launch the new technology in the first quarter of 2009, at the completion of an extensive beta test with check-intensive retailers.

About Brink’s

Brink’s, U.S. is a division of Brink’s, Incorporated, a global leader in business and security services that specializes in worldwide security transportation and cash logistics. Brink’s, U.S. operates the nation’s most extensive network of armored transportation services with more than 2,300 armored vehicles in 250 branches. For more information, visit the Brink’s Web site at www.us.brinksinc.com or call toll-free (800) BRINKS – 5.

Contacts

Bottled Energy Communications
Janet Tucker, 214-392-9555
janet {at} bottledenergy(.)com