Tackling the Cash Management Challenge

The Cash & Payments Sustainability Forum™ included two sessions dedicated to the cash cycle. The first heard from the UK’s Cash Industry Environment Charter (CIEC) group who explained how they had come into existence, how they are organised and progress against the charter objectives. This was covered in the white paper ‘Cash: A Roadmap to Sustainability.’ 

The second included presentations by Loomis, FedCash® Services, G+D and Koenig and Bauer Banknote Solutions (KBBNS). These presentations addressed today’s cash management challenges.

Context of the cash management challenge

KBBNS suggested that it is not cash, the product, which is facing major challenges today, but the banknote ‘service system.’ The presentation described three different cash cycles: 

• High-velocity cash cycle where there are more than 300 transactions per banknote per year

• Mid-velocity cash cycle where there are more than 200 transactions per banknote per year

• Low-velocity cash cycle where there are less than 200 transactions per banknote per year.