Financial auditors are becoming increasingly strict on financial institutions for not arming their timelocks and for not correctly managing split combinations.
This is a difficult compliance requirement because traditional timelocks do not provide an audit trail of their arming history and often go months without being armed due to inconvenience and neglect. In addition, split combination compliance is difficult since each branch needs an “A Teller” and a “B Teller” to manage dual time locks.
This requirement means both tellers must have unique combinations in order to open a lock. This variable association of unique A/B combinations for each teller creates a number of difficult issues with regard to staffing, scheduling, and general management of branch operations. Using the Kaba Mas Auditcon family of electronic timelocks, tellers are able to eliminate all of these issues and reduce costs significantly for the branch. The timelock offers time-delay and an audit trail with a date, and a time stamp and can be programmed with time windows to control access during off-branch hours. And, since each branch employee is assigned their own PIN, the timelock is able to eliminate the need for “A Tellers” and “B Tellers.”
The timelock is able to convert any safe or secure container into a smart device which allows the “lock audit” to become a “business audit,” and which provides operations with the business intelligence to run the branch more smoothly and with more efficiency.
Kaba Mas Auditcon Timelock Benefits
Self Powered Technology: eliminates lockouts due to dead batteries or facility power failure
Battery Assist: Uses a 9-volt alkaline battery to supply power during time delay operations
Access Control: Unique user-selected 6 to 8 digit combination and a 6-digit user-selected PIN
Audit Trail: The user’s ID is recorded every time a function is performed on the lock, deterring internal theft
Touch Key Number Pad: Ability to perform all functions and programming of the lock from the keypad
Wrong Try Lock-Out: Five consecutive wrong combination entries triggers a three-minute penalty lockout
Time Delay Display: Option to program a 1-99 minute time delay to deter potential intruders not willing wait
Dual Mode: Program the lock requiring the entry of two user combinations when opening the lock
Silent Duress Alarm Connection: Safely allows employees to alert authorities while complying with intruders
Save Time: Mechanical combination locks can take as much as 40 seconds or longer to open