The Weekly Review: Episode 50 with Dr. Read Hayes, Tony D’Onofrio, Tom Meehan

This podcast originally appears in the LPRC website.

In this week’s episode of CrimeScience The Weekly Review from the Loss Prevention Research Council (LPRC), co-hosts Tom Meehan, CFI, Dr. Read Hayes and Tony D’Onofrio discuss ransomware, LPRC FusionNet and other hot topics in loss prevention.

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CONTROLTEK Adds New Account Executives to Sales Team

BRIDGEWATER, N.J. – March 17, 2020 – CONTROLTEK, a leader in loss prevention and security solutions, has grown its sales team with the addition of three strategic account executives to offer more dedicated attention to specific regions in the United States.

“CONTROLTEK has seen a lot of growth in sales and new accounts in the past year,” said Rubin Press, vice president of global sales at CONTROLTEK.  “We decided to grow our sales team accordingly so we can continue to provide the high-quality expertise and customer service that our clients expect.”

With extensive experience supporting companies in delivering their solutions, CONTROLTEK’s newest strategic account executives include, Mark Wingfield, a sales veteran with over 20 years of experience, who will manage the Midwest sales territory; Kenna Griffith, an impressive sales leader with a track record of being at the top of her sales teams, who will be dedicated to the South-Central sales territory; and Amy Fargo, who has over 25 years of experience in technology sales with multiple Fortune 500 companies who will service the Southeast sales territory.

CONTROLTEK’s new associates are eager to serve retailers and the LP industry. “I am so excited to bring my expertise in enterprise sales and marketing to the team so we can bring value to our clients through our exceptional solutions and services,” said Fargo. “I can’t wait to extend our reach in delivering solutions that will help retailers protect their assets and improve their operations.”

What Big Banking Looks for in Tamper Evident Deposit Bags 

While banks offer many services to their clients, one of their highest priorities is cash security. Banks are trusted institutions that rely on secure cash deposits and transportation to protect their cash and their professional reputation. In order to ensure cash security, many banks and credit unions use tamper evident deposit bags to transport their cash. 

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The Weekly Review: Episode 49 with Dr. Read Hayes, Tony D’Onofrio, Tom Meehan

This podcast originally appears in the LPRC website.

In this week’s episode of CrimeScience: The Weekly Review, co-hosts Dr. Read Hayes, Tom Meehan, CFI and Tony D’Onofrio discuss a new survey about cybersecurity for pharmaceutical companies, an analysis of vaccine effects, the top 6 changes caused by COVID-19 and protests on the West Coast.

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The Weekly Review: Episode 48 with Dr. Read Hayes, Tony D’Onofrio, Tom Meehan

This podcast originally appears in the LPRC website.

In this week’s episode of CrimeScience: The Weekly Review, co-hosts Dr. Read Hayes, Tom Meehan, CFI and Tony D’Onofrio discuss vaccine facts, a new call on LPRC FusionNet, state-sponsored vaccine misinformation, Amazon Go in the U.K. and more.

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What Managers Look for in Tamper Evident Bags for Their Casino Supplies

Casinos handle large amounts of currency and are thus susceptible to theft and violent crime. Players and employees may engage in stealing or cheating; their tactics are often hard to spot. Common security measures implemented in casinos include surveillance cameras, highly trained professionals who can spot suspicious activity, and strict enforcement of rules.

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The Weekly Review: Episode 47 with Dr. Read Hayes, Tony D’Onofrio, Tom Meehan

This podcast originally appears in the LPRC website.

In this week’s episode of CrimeScience from the Loss Prevention Research Council (LPRC), co-hosts Dr. Read Hayes, PhD, Tom Meehan, CFI and Tony D’Onofrio discuss the new Johnson & Johnson COVID-19 vaccine, the global expansion of 5G and the new COVID-19 relief bill.

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The Future of Tamper Evident Bank Bags

Banks, armored couriers, and retailers are always in need of versatile security solutions. Tamper-evident bags help transport currency safely and securely.

Cash and coin deposit bags are becoming more feature-packed. While not new to the industry, tamper evident bank bags continue to be refined. Potential market and product trends in these bank security products show they are here to stay.

Market Forecast

Side view of gray armored truck parked on street

Those responsible for the transport, storage, and processing of cash expect tamper-evident bags to display obvious signs of security issues—but if a bag is poorly designed, it may not. In the past, some bags could be resealed by thieves or tamper indicators could appear during routine handling.

Not only is the design of these bank security products rapidly changing, but there are notable trends emerging in the global market:

  • From 2017–2022, a compound annual growth rate of 4% is anticipated.
  • The market is projected to reach US$445 million in revenue.
  • Financial institutions account for nearly 30% of the revenue share.
  • Plastic continues to be the material of choice; it is widely available, low-cost, and versatile.
  • The global plastic cash and coin deposit bag market is expected to exceed US$345 million by the end of 2022.
  • Europe is expected to continue to be the leading market, with growth opportunities in the Asia Pacific region. 1

Materials/Technologies

Vintage Bank Sign Stone Portal

The materials and technologies now incorporated into tamper-evident bags used in the financial industry are making them more secure. In most cases, they’re made of multi-layer polymer resins that improve product quality. Tamper-evident closures and warning indicators on some bags are making them more versatile forms of security equipment.

Some technologies now integrated and seen in bank cash bags, coin bags, and bundle bags sold by ControlTek, include:

  • Thermochromic ink: In the presence of heat, the ink turns red, revealing evidence the bag was tampered with.
  • Tamper-resistant closures: Press seals and triple-seals with interior adhesive improve security while cash/coins are in transit.
  • Serial numbers/barcodes: These are printed in a large format so they can be tracked using a CCTV security system.
  • Security borders/micro printing: This makes it difficult to cut and reseal the bags without altering their original configuration and design.
  • Void Messaging: This can reveal physical tampering attempts or the use of cold or chemicals to tamper with the bag.

Purchase Tamper-Evident Bags from CONTROLTEK

Money Coin Stack

Designed to reduce theft and speed up investigations, our tamper-evident bank bags help make cash handling safer. They include TripLOK™, which includes micro perforations to reveal attempts to tamper with the closure. It also features an aqua-detect ink that reveals exposure to fluids.

The CoinLOK™ single-use coin bag is resistant to breakage and has a reinforced die-cut handle with triple-ply film that withstands high-stretch forces. For cash, SafeLOK™ provides various anti-tamper features, while SafeLOK™ VT adds a pocket for checks and deposit slips. PermaLOK™ for vaults has a side-weld construction and hot melt technology for a cost-effective security solution.

To learn more about CONTROLTEK’s tamper-evident bank security products, view our online brochures, purchase from our website, or call 888-808-6970 today.

Source:

  1. https://ksusentinel.com/2021/02/23/cash-coin-deposit-bags-market-2017-latest-report-research-strategies-swot-analysis-future-development-trends-till-2022/