The giant security company G4S has signed a $120 million deal with Walmart.

The deal is meant to last five-years and includes the provision of cash services across Walmart’s American stores.

G4S has already started the installation of its Cash 360 system across 900 Walmart Stores in the US. This system reduces the need to handle cash and limits opportunities for theft when collections are made in person. Walmart has ordered the 360 system for 1,360 stores but it is believed that this could increase to further 2,750 stores.

This new deal – currently in the hands of the Bank of America for final sign-off – could put an end to several months of bad news for the security giant. Walmart is the US’s biggest private employer with more than 4,500 store in the US alone, 2.2 million employees and 260 million customers.

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