News in Brief

FedCash E-Manifest Service Delivering Benefits

The Federal Reserve has started a publicity campaign for its FedCash E-Manifest Service. The new system digitises what was a paper system and FedCash suggests its benefits are: 

• Improved resilience through greater visibility of package contents and data sharing capabilities

• Accelerated dock exchanges using API technology to validate data exchanges and eliminate paper-based processes

• More efficient reconciliation by leveraging electronic data

• ‘Going green’ by reducing dependency on paper deposit tickets and manifests

• Future automation opportunities, such as expedited reporting and leveraging data for enhanced efficiencies

NCR Expands Operations in New Zealand

NCR is to run the ATM network of New Zealand’s Kiwibank. NCR has been providing managed services and solutions for 11 years, but it will now take on operational management and maintenance of in-branch and offsite ATMs.