Fifth Third unveils new deposit tracking system

CINCINNATI — Fifth Third Bank has teamed with International Financial Services Inc. to launch the bank’s deposit tracking system called the DTS(R) System. The system is designed to help treasury management customers using the bank’s Cash Vault services consolidate information from any location, track armored carriers and provide a total view of their business’ cash collection process.

Customers are able to track deposits as bags are prepared using online deposit tickets, then track packages as they are picked up by any armored carrier, the bank said Tuesday. Fifth Third Bank will process the deposits while providing statuses from receipt through verification with reasons for any adjustments.

Customers can view more than 40 different reports allowing corporate offices to track timeliness in deposit transactions, adjustments, employee performance, armored car performance and bank performance. All reports can be downloaded into a Microsoft Excel file for analysis and distribution, the bank said.

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