RFID applied to bank cash box management

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In recent years, my country’s financial business has developed rapidly. During the transfer of the cash box of the bank money transport truck and the storage of the cash box, there have been some cases of fraudulent collection and embezzlement, which caused economic losses to the bank and produced a negative society. Influence. In this business context, an application scheme for automatically identifying the cash box to prevent handover errors and identifying the authenticity of the cash box came into being. As a domestic RFID application solution provider, Innotel has also participated in and developed a bank RFID smart cash box management system, and successfully implemented the system in cooperation with the X provincial branch of the Rural Commercial Bank.

The program uses RFID intelligent management methods to control, monitor and record the entire process of escorts or collection personnel’s door-to-door collection. The full cooperation of RFID electronic tags, fixed readers, handheld data collection terminals, and bank communication systems is the basis for ensuring the success of this program.

1) Collection management

When the payee goes to each bank branch (merchant) to transfer the cash box, use UHF7527 to scan the RFID tag information on the cash box to check and confirm the network (merchant), and then scan the RFID tag on the cash box lock to confirm that the cash box is already Closed and correct, at the same time, the above-mentioned scanned information will be sent back to the bank treasury management system via the WAN in real time.

2) Treasury management

Deploy fixed readers at the key points of the cash box in and out of the (treasury) — automatic identification of the in and out of the warehouse, which greatly reduces the possibility of human intervention in the circulation link and provides a guarantee for the safety of cash operations. In the warehouse, the hand-held terminal can be used to conveniently check the inventory cash box.

3) Bank branch management

After each business outlet receives the cash box that arrives under escort, the system can automatically check the information and sign for it automatically. The receipt information will be transmitted to the cash operation management back-end system through the bank dedicated line network in real time, which improves the accuracy and work efficiency of cash drawer transfer.

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