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You still need to count sort, pull damaged and counterfeit tokens and do cash operations. So the station management would count their tills, empty machines and
by Spooky23 4y ago
You still need to count sort, pull damaged and counterfeit tokens and do cash operations.
So the station management would count their tills, empty machines and prep the bags. They have a time deadline, and when the money train arrives they just roll the whole ensemble into the train. When the tokens went away the volume probably turned into a few sacks.
The volume is huge and the manpower for the armored cars would be nuts. You’re probably talking a detail of 200 police alone for a couple of dozen armored cars.
Cash operations work similar to this without the train. Usually there’s a regional depository bank with a contract with the Fed who centralizes money processing for many banks. I had family who worked in one in the 90s, it was pretty nuts. They would palletize the cash and ship out on tractor trailers. As the business has shrunk, the armored car companies have taken over and they are pretty bad at what they do as they aren’t as regulated.
- ghaff 4y agoAll this really helps to highlight why municipalities are really trying to get away from cash for transit, parking, etc. It's not cheap or easy to handle at scale and, at some point, the answer to people who want to keep using cash is a shrug.
- Spooky23 4y agoEhh… once you have a process it isn’t that expensive. The driver is similar to retail - you can charge more. Parking and tolls are great examples. EZPass and the various parking solutions are expensive, but they make it easier to boil the frog. That makes it easier to do one shot deals like sell revenue bonds. The failure of the government to implement digital cash and establish a system where Visa/Mastercard/etc effectively tax all commerce is ridiculous.