Cash cycle efficiency

The Dutch National Bank (DNB) published its strategy for the next three years and it includes an improved cash cycle, payment structure innovation and overall system improvements.

The Federal Reserve Banks will adopt global standards for supply chain logistics and package tracking to ensure that depository institutions have sufficient supplies of currency and coin to meet public demand.

The country should deploy 15,000 enhanced ATMs by March 2018.

ATMs are the pioneers for most of the technology used in smartphones and computers. In fact, numerous things were first tested on ATMs before being used elsewhere.

The Deutsche Bundesbank hosted its third Cash Conference from 25-27 April, gathering experts – from academia, public authorities (including central banks), special interest groups and the private sector.

Swiss banks will standardise their ATM services by switching to one system with new functionalities including cardless withdrawals, cash deposits into selected accounts and a talking option for the visually-impaired.

UK ATM network Link is discussing whether to institute fees for customers after the scheduled system-wide overhaul.

Based on current usage patterns, cash is expected to remain a significant payment instrument in the near future, even in markets that offer advanced digital payments.

Bankernes Kontantservice A/S (“BKS”) the interbank cash utility based in Copenhagen, Denmark has entered into an agreement to be acquired by Loomis Danish subsidiary.

Banknotes pass through different stages before being dispensed by the cash machine, involving various key players.

Two global Cash Management Companies are planning to offer cash-handling services for customers of different banks from a single location.