Digital Banking

Morphis, CIMA Cash Handling America form partnership

October 14, 2020

Morphis, Inc. and CIMA Cash Handling America Inc. have formed a strategic alliance in the U.S. cash handling marketplace that integrates CIMA's cash management hardware and Morphis' currency forecasting and logistics software, according to a press release.

Together, the companies have 75 years of experience in the cash management business, The combined hardware and software solution can offer banks, cash-in-transit operators and service providers complete cash visibility.

As a result of this alliance, cash management providers will have a solution that provides end-to-end visibility from the point where banknotes enter through CIMA's self-sealing stacking bags, to pick up and processing. The combined hardware and software systems deliver tracking, logistics and visibility data at every step in the custody chain.

"I am extremely excited that our businesses have aligned to collaborate both at a technical and commercial level. Now, we can provide our mutual clients with a complete cash handling solution," Vik Devjee, vice president, CIMA Cash Handling America said in the release. "This alliance really supports both companies' shared goal of improving the efficiency and security of managing cash."