Cash Processing

EVERTEC’s Cash Processing services give you access to the latest technologies and guarantee maximum security, while reducing business cost.

Cash Processing for Commercial Clients and Financial Institutions

• Processing business deposits received at our customer’s branches via armored car or night deposit
• Cash and coin distribution
• Processing cash requests received via the Voice Response Unit (VRU) system or the Internet
• Consolidating and forwarding financial institutions’ cash surpluses to the Federal Reserve in Puerto Rico
• Processing, consolidating, and forwarding coins to the Coin Terminal of Puerto Rico
• Forwarding counterfeit currency and required paperwork to the U.S. Secret Service
• Monthly collections reports
• Daily electronic reports of transactions greater than $10,000 in compliance with the U.S. Bank Secrecy Act

Benefits

• Enables you to manage larger volumes, anticipate changes, and react more quickly
• Reduces manual processing, saving time and resources
• Reduces the cash inventory of the financial institution
• Minimizes the float of the cash inventory