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Fed Spotlight: Davis Bancorp on improved resiliency with the FedCash® E-Manifest Service

Davis Bancorp (Off-site), a protective services and cash-in-transit company with more than 50 years in the armored car industry, is an advocate for the Cash Visibility industry initiative. As an early adopter, they have been using the Federal Reserve’s E-Manifest Service since April 2023.

The E-Manifest Service enables financial institutions and armored carriers that work directly with the Fed – including Davis Bancorp – to electronically process currency deposits and orders at Fed docks. By using technology that enables scanning and electronic exchanges of data, the E-Manifest Service replaces manual paper processes for cash deposits and orders. Benefits for financial institutions and armored carriers include improved resiliency, accelerated dock exchanges and more efficient reconciliation.

Watch this video (Off-site) to hear from Davis Bancorp on how the company is using the E-Manifest Service to complement their existing strategy.

 

Curious to hear from other early adopters? Watch this video on the benefits AXIOM Armored has experienced since adopting the E-Manifest Service in May 2023.

To learn more about the service, visit the E-Manifest Service page and complete the expression of interest form to get started.