- Vectra's services combine with Loomis safe for ultimate retail cash solution -
DENVER, June 18 /PRNewswire/ -- Vectra Bank Colorado has partnered with Loomis Fargo & Co. to offer SafePoint currency security, an innovative solution for its business customers handling large quantities of cash and desiring improved security.
SafePoint comprises an electronic safe and complementary cash management tools managed by Loomis. Vectra Bank provides a seamless suite of financial services so customers receive same-day credit -- and immediate cash availability -- for deposited funds.
"We are pleased to provide our customers with this useful combination of offerings," said Jim Vogt, Senior Vice President/Manager, Treasury Management & Merchant Services for Vectra Bank Colorado. "When our clients receive cash payments from our customers, we believe those funds should be available to them immediately -- without giving up the security and convenience of a safe." Here's how Vectra Bank's SafePoint services work: 1. Following each business day, daily deposit totals are extracted for all SafePoint transactions conducted during the day.
2. Vectra Bank Cash Vault Services give the client's account a provisional credit for the previous day's safe deposits. The money is available to the customer immediately, because Loomis guarantees the accuracy and safety of its cash services. Vectra Bank requires no underwriting process or credit approval for business customers.
3. The business schedules armored pickups as needed, without worrying about cash availability. If the business needs change, Loomis delivers the change, and Vectra debits its bank account.
"SafePoint customers choose their service level and pay fees for some services, such as cash counting, as usual," noted Vogt. "But business owners who try SafePoint find the minimal fees are well worth the convenience and security they gain, plus fees can also be partially or fully offset by balances." To learn more about Vectra Bank Colorado's SafePoint service, visit http://www.vectrabank.com/ or call 1-866-4VECTRA.
About Vectra Bank Colorado With assets of $2.76 billion, Vectra Bank Colorado is a proactive, customer-focused organization dedicated to real relationship banking. Part of the Zions Bancorporation (NASDAQ:ZION) family of banks, Vectra serves Colorado's small, middle-market and corporate business clients with more than 40 full-service branches in communities across Colorado.
About Loomis Loomis is the cash handling services division of Securitas AB, a world leader in security. Loomis offers secure and efficient cash distribution, processing and recycling solutions for financial institutions, retailers and other commercial enterprises through an international network of 420 operating locations in 11 European countries and the United States. Loomis employs approximately 20,000 people. For further information about Loomis US operations, visit http://www.loomis.us/.
CONTACTS: Lisa Cutter 303-972-6275
Tim McCoy 720-947-7712
DATASOURCE: Vectra Bank Colorado CONTACT: Lisa Cutter, +1-303-972-6275, , for Vectra Bank Colorado; or Tim McCoy of Vectra Bank Colorado, +1-720-947-7712, Web site: http://www.vectrabank.com/ http://www.loomis.us/
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