The California Department of Motor Vehicles (DMV) is seeking a cash management solution to replace or reduce the current need for armored car and courier services, and a streamlined solution to the daily bank deposit and change services for our field offices in 2022.
DMV has over 190 offices throughout California that accepts cash and check payments for DMV transactions. Currently, DMV has contracts with armored car and courier services to deliver the field offices’ daily deposits to the bank and provide change services for the offices. For fiscal year 2020/2021, the total dollar amount of cash and check deposited for field offices was $378,417,480.96 and $781,186,417.43 respectively. In addition, the annual total count of checks deposited was 1,011,685.
The field office’s control cashier process of preparing and verifying the office cash and check deposits are time consuming. Due to time required for a control cashier to prepare a deposit, a field office may miss a scheduled morning armored car or courier pick-up. Daily armored car and courier services are also expensive and have not been reliable in remote locations.
This causes the issues listed below:
Ideas being considered:
None - Market Research
February 17 through March 3, 2022 at 11:59 PM (GMT-08:00) Pacific Time (US & Canada)
February 17 through March 1, 2022 at 11:59 PM (GMT-08:00) Pacific Time (US & Canada)
© 2020 California DMV. All rights reserved.