MINNEAPOLIS, Jul 26, 2011 (BUSINESS WIRE) --
U.S. Bank's Remote Cash Deposit service is now available to businesses
through its new partnership with Dunbar Armored, a full-service,
wholly-integrated security and cash management solutions provider and
the nation's largest independent armored car company.
Dunbar Armored is the second armored provider of U.S. Bank's Remote Cash
Deposit. U.S. Bank has partnered with Dunbar to use its Dunbar Cash
Manager Safe(R) product line.
U.S. Bank's Remote Cash Deposit allows customers to electronically
deposit cash, consolidate depository banking relationships, reduce
armored car pickup frequency and decrease the risks associated with
"As a leader in treasury management products and services, we are
pleased to announce our partnership with Dunbar Armored as a strategic
step towards improving overall cash processing for U.S. Bank customers
who make frequent currency deposits," said Wade Pylka, product manager,
U.S. Bank Global Treasury Management. "Remote Cash Deposit provides our
business customers with the significant benefits of minimizing the risk
of theft, reducing labor expenses associated with cash handling and
improving staff safety and productivity."
"For those using traditional armored car services, I highly recommend
Remote Cash Deposit," says Alan Brankamp, director of Internal Audit for
Frisch's Restaurants, Inc. "With increased benefits and lower costs,
switching is an easy justification. When you factor increased
productivity, better visibility on cash transactions as well as the
safety benefits of not sending an employee out of the building with a
large amount of cash, the program makes sense for businesses like ours."
In addition to Remote Cash Deposit, U.S. Bank offers extensive cash
vault services including traditional cash processing at 50 locations
across 25 states. The extensive vault network can accommodate cash
deposits and purchase needs for business customers, correspondent banks
and government entities.
U.S. Bancorp (NYSE: USB), with $321 billion in assets as of June 30,
2011, is the parent company of U.S. Bank, the fifth largest commercial
bank in the United States. The company operates 3,086 banking offices in
25 states and 5,086 ATMs and provides a comprehensive line of banking,
brokerage, insurance, investment, mortgage, trust and payment services
products to consumers, businesses and institutions. U.S. Bancorp and its
employees are dedicated to improving the communities they serve, for
which the company earned the 2011 Spirit of America Award, the highest
honor bestowed on a company by United Way. Visit U.S. Bancorp on the web
Dunbar Cash Manager Safe(R)is a registered
trademark of Dunbar.
SOURCE: U.S. Bank
Amy Frantti, Corporate Public Relations, 612-303-0733