MINNEAPOLIS, Oct 25, 2011 (BUSINESS WIRE) --
U.S. Bank's Remote Cash Deposit service is now available to businesses
through its new partnership with Garda Cash Logistics. Garda provides
secure cash transportation and cash management solutions for business
customers in the retail and restaurant industries.
Garda is the third armored provider partnered with U.S. Bank's Remote
Cash Deposit service.
U.S. Bank is partnering with Garda and its CashLINK(R) product
line so its business customers can utilize Remote Cash Deposit to
deposit cash electronically from store locations, consolidate depository
accounts with one bank, reduce armored transportation expense and
decrease the risks associated with collecting cash.
"U.S. Bank is excited to continue expanding our Remote Cash Deposit
product through our partnership with Garda Cash Logistics," said Wade
Pylka, Remote Cash Deposit product manager for the U.S. Bank Global
Treasury Management group. "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."
"I have experienced the greatest benefit -- higher profitability," said
Jayson Rogers, owner and operator of a McDonald's franchise. "The
armored car doesn't have to come to our business as often, cash
shortages are at an all time low, and my managers are spending more time
supervising rather than counting cash. I highly recommend this product
as a business solution to anyone who handles significant amounts of cash
and utilizes Garda secure transportation services. Knowing your cash is
in the bank and secure gives you peace of mind."
"Our CashLINK service enables businesses to focus on what really matters
- increasing sales and profits," said Garda Cash Logistics Vice
President and Group Head for Product Development and Optimization
Michael McSpadden. "The cash is secure from the moment our smartsafe
accepts it until it's deposited in the bank."
In addition to Remote Cash Deposit, U.S. Bank offers extensive cash
vault services including traditional cash processing at 52 locations
across 27 states. The extensive vault network can accommodate cash
deposits and change order needs for business customers, correspondent
banks and government entities.
Garda (TSX:GW) is a global provider of security solutions, cash
logistics and global risk consulting. With headquarters in Montreal,
Canada, the firm's 45,000 dedicated professionals, among the most highly
qualified and best-trained in the industry, serve clients in countries
throughout North America, Europe, Latin America, Africa, Asia, and the
Middle East. Garda works with clients in a broad range of sectors and
industries including financial institutions, retailers, manufacturers,
insurance companies, governments, humanitarian relief organizations and
the natural resources, construction and telecommunications. For more
information, visit: www.gardaglobal.com,
U.S. Bancorp (NYSE: USB), with $330 billion in assets as of Sept. 30,
2011, is the parent company of U.S. Bank, the fifth-largest commercial
bank in the United States. The company operates 3,089 banking offices in
25 states and 5,092 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
Garda's CashLINK(R)is a registered trademark of Garda.
SOURCE: U.S. Bank
Amy Frantti, Corporate Public Relations, 612-303-0733