NCC Expands Armored Cash Delivery to MSBs in the Los Angeles Market
Check cashers in the Los Angeles area can now order and receive next-day cash against deposits.
Los Angeles, California, April 19, 2017 (Newswire.com) - National Check and Currency (NCC) is expanding their armored cash delivery and banking services to check cashers (MSBs) in the Los Angeles area. NCC’s armored cash delivery is made possible through their national network of local cash vaults.
The expansion benefits check cashers who often wait three business days or longer to access their deposited items. NCC’s nationwide cash vaulting capabilities give check cashers the ability to order and receive “next day” cash from deposited items, which helps them rotate funds more efficiently.
"The MSB banking environment in Los Angeles has been dramatically disrupted over the past year due to bank mergers and the continuation of MSB "de-risking" by the banking industry. NCC is pleased to now provide comprehensive MSB banking services, including armored cash delivery, to the greater Los Angeles area. This ultimately helps provide access to vital financial services in the communities serviced by our clients."
Steve Bessen, Director of Sales
With this expansion, NCC now provides cash logistics in America’s three largest check-cashing markets: Southern California, the Tri-State area (NY, NJ and CT), and Southern Florida, in addition to coverage in other markets across the country.
NCC’s Director of Sales, Steve Bessen, elaborates, “The MSB banking environment in Los Angeles has been dramatically disrupted over the past year due to bank mergers and the continuation of MSB “de-risking” by the banking industry. NCC is pleased to now provide comprehensive MSB banking services, including armored cash delivery, to the greater Los Angeles area. This ultimately helps provide access to vital financial services in the communities serviced by our clients."
Cash logistics are just one component of NCC’s approach to serving the money service business industry. NCC provides direct banking relationships through their national partnership network of MSB-friendly financial institutions. NCC’s redundancy in banking relationships protects check cashers from the threat of bank discontinuance.
NCC's MSB clients receive:
- “Next Day” availability of funds
- No limits placed on amount or type of items deposited
- Weekend deposits available Monday morning
- No long-term collateral requirements or Certificates of Deposit
- Dishonored Items returned electronically
- Redundant MSB banking partners
About National Check and Currency
NCC was established in 2007 in response to the acceleration of MSB bank discontinuance due to wholesale de-risking by major financial institutions. NCC has evolved into a compliance-centric financial services company leveraging state-of-the-art software technologies, extraordinary AML/BSA compliance, and stellar customer service. The focus of NCC is to safeguard affiliated financial institutions and MSB customers through a proactive approach to risk monitoring and robust compliance requirements.
Media Contact:
Andy Benjamin
1-877-327-4249
sales@natcnc.com
www.natcnc.com
Source: National Check and Currency
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