Process of and system for advancing credit for cash collections

A process for providing credit to a retailer for cash collections, comprising the steps of:

• collecting cash by a retailer over a plurality of business days;
• depositing by the retailer the collected cash into a safe disposed at the retailer;
• calculating, by the safe, at an end of day for each of the business days, a total amount of cash deposited into the safe between the end of day of a business day preceding the respective business day and the end of day for the respective business day;
• electronically transmitting, at the end of day of each of the business days, a respective data file identifying the respective calculated total amount;
• and
• arranging, on each of the business days, for the retailer to be credited by a bank with the respective calculated total amount identified in the respective electronically transmitted data file.

A process for providing credit to a retailer for cash collections, comprising the steps of:

• collecting cash by a retailer over a plurality of business days;
• depositing by the retailer the collected cash into a safe disposed at the retailer;
• calculating, by the safe, at an end of day for each of the business days, a total amount of cash deposited into the safe between the end of day of a business day preceding the respective business day and the end of day for the respective business day;
• electronically transmitting, at the end of day of each of the business days, a respective data file identifying the respective calculated total amount to enable for the respective crediting of the retailer by a bank with the respective calculated total amount;
• receiving by a facility, on each of the business days, the respective electronically transmitted data file;
• and
• arranging, on each of the business days, by the facility for the retailer to be credited by the bank with the respective calculated total amount.

A process for providing credit to a retailer for cash collections, comprising the steps of:

• collecting cash by a retailer over a plurality of business days;
• depositing by the retailer the collected cash into a safe disposed at the retailer;
• calculating, by the safe, at an end of day for each of the business days, a total amount of cash deposited into the safe between the end of day of a business day preceding the respective business day and the end of day for the respective business day;
• electronically transmitting, at the end of day of each of the business days, a respective data file identifying the respective calculated total amount to enable for the respective crediting of the retailer by a bank with the respective calculated total amount, wherein each data file identifies the calculated total amount broken down by business day, including a total amount of cash deposited into the safe between the end of day of the preceding business day through an end of the preceding business day, and a total amount of cash deposited into the safe between a beginning of the respective business day and the end of day for the respective business day;
• receiving by a facility, on each of the business days, the respective electronically transmitted data file;
• and
• arranging by the facility for the retailer to be credited by the bank on a business day basis based on the respective calculated total amounts identified in the respective electronically transmitted data file.

A process for providing credit to a retailer for cash collections, comprising the steps of:

• collecting cash by a retailer at a plurality of retailer locations over a plurality of business days;
• depositing by the retailer cash collected at each of the retailer locations into safes respectively disposed at the retailer locations;
• calculating by each respective safe, at an end of day for each of the business days, a respective total amount of cash deposited into the respective safe at each of the retailer locations during the respective business day;
• electronically transmitting, for each of the retailer locations, at the end of day of each of the business days, a respective data file identifying the respective calculated total amount deposited at each of the retailer locations during the respective business day;
• receiving by a facility all of the electronically transmitted data files;
• and
• arranging, on each of the business days, by the facility for the retailer to be provided by a bank with a total credit corresponding to a sum of the calculated total amounts of cash deposited into the safes at each of the retailer locations during the respective business day as identified in the received data files.