CARY, N.C. - Transoft International Inc., provider of currency supply-chain-management software for the banking industry, has signed a deal with a U.S.-based bank for its OptiVault system. Transoft's OptiVault system enables currency/coin ordering and clearing for bank money rooms and carrier vaults, according to a news release.
OptiVault optimizes currency levels and expense components for the entire bank, helping them address Federal Reserve regulations that impose significant fees for cross shipping currency. The regulations are expected to take effect in 2007.
Transoft also is hosting a booth this month during BAI's Retail Delivery Conference & Expo in Las Vegas. Representatives from Transoft and the bank will be available in booth No. 1137.
