Bank Bag Tracking Enables Theft Recovery

Bank bag theft is a major concern for financial and courier service organizations. GPS based bank bag tracking can help minimize loss and speed recovery. According to government law enforcement statistics, only 19% of the banking related crimes committed have stolen loot partially or fully recovered. This is despite significant investments in alarm systems, surveillance cameras, guards, bait money and tear gas or dye packs. Given this grim statistic, additional security focus must be placed on technology that will aide in recover. It is not simply enough to deploy technology that acts as a theft deterrent; the result needs to include capture of the thief and return of the stolen property. Unfortunately companies face more than just the significant financial loss of the contents.

Additional losses and impact result from:

• Higher insurance premiums and deductibles
• Lower consumer confidence
• Liabilities associated with exposure to identify theft

To safeguard against these liabilities, emphasis must be placed on solutions which can increase the probability of a timely and complete recovery. Advanced tracking technology, such as Assisted GPS (aGPS) trackers once covertly embedded in the bank bag are proving to be an effective security and recovery tool.

GPSit offers GPS based location solutions for tracking of high value assets. Our solution is built upon GPSit’s powerful, yet easy to use web based application, TrackFusion™. TrackFusion supports powerful trackers such as the GPSit PT300; a small, battery operated aGPS tracker. The PT300 is capable of tracking indoors and outdoors, with or without a view of the sky. With TrackFusion, providing real-time tracking information to law enforcement can start immediately after theft. GPSit solutions are used by over 300 law enforcement solutions nationwide.

Bank Bag Tracking Benefits

• Real time notification of bank bag tampering
• Meet customer compliance requirements
• Minimize losses due to bank bag theft
• Identify misplaced bags
• Provide clients with real-time delivery status
• Streamline and remove labor from tracking processes
• Aid law enforcement with timely recovery

Most frequently used TrackFusion features for bank bag tracking: