Presentation Details

Monday, 9 November 2020

Setting the scene for the rest of the agenda the first session of the event will focus on the trends of cash, and a little on payments. Currency Research will recap the Cash Industry in Transition report which outlines the internal industry factors and external factors which will impact the cash industry over the next decade. DNB will then present the local Dutch cash system and recent trends, with presentations contextualising this within a regional/Eurozone context, and an overall global report.

With its unique industry position Currency Research has examined the impact of external and internal forces on the companies and government departments involved with the cash cycle as a whole. The recently released report, The Cash Industry in Transition, concludes that central banks are in the difficult position of receiving criticism if they express support for cash but also criticized if they support the move away from cash. They are navigating through truly uncharted territory and must be pragmatic in planning and preparing for a less-cash future. The cash industry must also hasten its planning for a less-cash society while maintaining a robust cash industry – not an easy task.

Hear a brief overview of the report findings – and access a complimentary copy from the app for an in-depth look at where the industry has been and what could happen next.

The last decade the Netherlands has witnessed a steady decline in the use of cash in retail payments, indeed the flipside of national policies successfully targeted at fostering efficiency in payments. This development has put pressure on the cash infrastructure, which for the major part is being provided by commercial parties (banks and CITs). In order to enable citizens in continuing to make their payment choices and to provide for a realistic fall back in case of electronic payment disruptions an appropriate infrastructure is still considered necessary. DNB will outline the different policy scenarios it has been considering in taking up this challenge.

Henk Esselink will present the latest developments from the perspective of the ECB regarding the circulation and use of cash in the euro area. Having given an update on regional trends he will then address some of the initiatives that are being undertaken by the Eurosystem with the aim to keep cash available and to keep cash accepted.

The ‘World Cash Report’ surveyed 47 countries covering 73 per cent of the global population and 89 per cent of the world’s GDP. The findings show that demand for cash continues to rise globally, despite the increase in electronic payment options in recent years. The report also highlights the variety of payment habits in different regions and the related dynamics in maintaining a reliable, cost efficient and sustainable cash cycle infrastructure. This presentation will take a closer look at some of the findings of this major industry research report including an update on regional difference in cash usage and cash cycle organisations across the globe.

Following on from the first session, if the use of cash is, or will be, decreasing then given the decentralised structure of most European countries cash systems how can we ensure to keep key commercial players involved in the market to facilitate access to cash? Several different models aimed at reducing the cost of cash already exist across Europe, and we will hear from the CEOs of companies involved in alternative - perhaps radical – systems to understand why their system was adopted, and what lessons can be applied to other countries.

We look forward to welcoming a series of short presentation by our sponsors – the leading suppliers in the industry. Learn how they can assist with Access to Cash with their innovative products and solutions, which will cover all sectors of the cash system, and how they can help you to optimize and ensure your cash operations are as efficient as they can be.

  • Dar As-Sikkah | Bridging the Gap between Physical and Digital World: Moroccan Augmented Note Case
  • G+D Currency Technology | Scalable Cash Center Solutions - Automation Drives Performance
  • Sargent & Greenleaf | How to Reduce Your ATM Costs
  • DoCash | The New Era of Banknote Processing Solutions

Examining the most efficient means of distributing cash around the network will help to better understand how to ensure consumers have access to cash. Distribution primarily takes place through the ATM network – but what happens with low population density areas, for example rural areas, where IADs and banks don’t see a business case to install a distribution point. Consumers who can’t access cash may well turn to alternative payment methods.

The UK is undergoing a profound change in how consumers pay for goods and services. The move from cash towards other digital methods has been rapid and appears to be even accelerating. LINK provides UK consumers with universal access to cash and enables the public to access their money easily, conveniently and safely. It is not LINK’s role to defend cash against other payment methods or to drive consumers towards the digital alternatives but LINK is committed to promoting financial inclusion, and protecting free access to cash and therefore has developed a series of financial inclusion programmes to protect cash access across the whole of the UK. This presentation will therefore outline the changes in ATM an cash usage and LINK’s programmes to protect consumers access to it.

Online CIT collection technology that has proven its efficiency is in the field already. We are willing to share the technology and connect other banks to the online CIT collection system. Technological development and normal operation of the cash circulation market is ensured by close cooperation of all participants and brings excellent results.

Tuesday, 10 November 2020

The media are increasingly highlighting the issue of cash acceptability by retails in developed economies and the debate around acceptability of cash has never been more prominent in the minds of the public. Several countries, or US states, have legislated that cash cannot be refused to settle a transaction, but not all jurisdictions agree. We look forward to hearing to hearing the discussion for an against the right to be able to use cash with example from both within and outside of Europe.

The Central Bank of Hungary has recently published a smartphone application that is capable of authenticating Hungarian Forint banknotes with very high reliability. An important effect of the publicly available app is to increase confidence from users of cash by providing a free and easy method of authentication. To make the application more appealing to the public, it also includes augmented reality experiences in connection with the theme of each banknote. The software analyses line structure of the banknote by using the camera of the smartphone and has no special hardware requirements. This presentation covers the development process and highlights the main features and benefits of the app.

Automation and interconnection of systems is half way to an efficient solution. The second half to full efficiency is software and digitalization.

How digital twins, performance monitors and cash management software give you the freedom to adapt fast to changing central bank regulations and customer requirements

We look forward to welcoming a series of short presentation by our sponsors – the leading suppliers in the industry. Learn how they can assist with Access to Cash with their innovative products and solutions, which will cover all sectors of the cash system, and how they can help you to be more efficient in your cash operations.

  • Orell Füssli Security Printing | A Journey Through 500 Years of Innovation
  • Feerica | ATM physical attacks – How to Set Up a Cost-Effective Criminal Deterrence
  • DEEP 2000 | Cash Handling Robotized Complexes as A New Trend of Cost Reduction of Banknote Processing and Increasing Security
  • ArmorSafe Technologies | Smart Safes and Recyclers - Cash Management Efficiency and Throughput

To ensure the future of cash it is clear a number of countries need to change the way they do things. Otherwise if cash becomes inefficient and costly by comparison to other transaction methods it will have a limited future. In this session we will hear from those who have undertaken steps to try and understand the state of play now and implementing changes to try and futureproof their cash cycle.

With a steady growth in population it became clear that Egypt’s aging cash infrastructure required rethinking to be ready for the future. A key factor in futureproofing Egypts cash cycle was upgrading and interconnecting current infrastructure. Working with a key partner, Central Bank of Egypt planned and are building a new printworks and central cash center, creating the base for Egypts new cash structure. The existing central cash center will be optimized with new equipment implemented and new regional cash centers will be launched to cover the country. Coupled with training and a cultural transformation, this mega project will see the new facilities completed and operational by end of 2020 with the latest technologies and smart automation, which will enhance theefficiency and security of the cash cycle processes.

Even though the physical Euro has been in use for nearly two decades there are still significant differences in the ways cash circulates and recirculates between Euro countries. Common to all countries however are the efforts to reduce to shorten/optimize ad cash cycle and introduce automation where possible. Whilst EPC welcomes the initiatives of the ECB to facilitate the recirculation of banknotes, it notes that policies by individual national central banks can hinder recirculation. These should be identified and avoided –and where possible the ECB and national central banks must consider whether current operations reserved to the central bank only could in fact be the extended to local CIT or other commercial actors under supervision. This presentation will focus on4 key areas: The cash cycle –possibilities to optimise via local recirculation? The European landscape –a multifaceted picture; Examples of local best pest practice and What could stakeholders in society do to foster recirculation?

Turkey will be celebrating the 100th anniversary of the foundation of the Republic in October, 2023. The country set an aggressive goal to become entirely cashless by that date in May 2017. Turkey relied on a few factors in believing that the mission was feasible: Its young population eager to adopt new technologies, high smart device penetration rates, growing access to Internet, and a remarkable track record of FinTech innovations and advanced banking services were all good reasons to work towards the goal. However, as the deadline approaches, various parameters indicate that the country needs to be more cautious on theses promises. As in the rest of the world, cash continues to play a major role in daily life, and is likely to do so in the foreseeable future. The status and future of cash in Turkey in comparison to world will be the main theme of this brief.

Production and distribution throughout the commercial network of banknotes and coins all have an environmental impact….distribution in particular. A lot of work is currently taking place to improve the environmental impact of cash at each sector, and we look forward to hearing what options are available to those purchasing and using cash to help them reach their Corporate Social Responsibility goals, whether it be improving currency production or optimizing CIT and ATM operations.

In this presentation we will explore the proven sustainability advantages of polymer and beneficial impacts achieved by the Guardian Global Recycling Program since its inception to the present day. Using Central Bank studies we will look at the environmental consequences of switching to polymer and the impact of Central Bank recycling programs around the world. We will also look to the future and discuss how we can further improve the support programs for polymer banknotes to achieve even greater results and further reduce the environmental impact of banknotes.

In today’s world sustainability is an increasingly important topic for us as we face into the challenge of maintaining a infrastructure that reduces the impact on the environment, whilst continuing to enable access to cash for our customers in a way that makes economic sense for the business. We are addressing this by looking at how we can run a more efficient operation, promote alternatives and use our waste products differently creating a more sustainable model for the future of cash management.

Cash is an inherently sustainable payment form. A note can be retained as a store of value and exchanged continually while in circulation, only being removed when it is finally deemed unfit. But with an ever-increasing focus on the impact of modern life on the planet, do we need to consider the environmental cost of the cash supply chain? Should cash be moved less regularly through local recycling and can technology be leveraged to minimise reliance on single use plastics for packaging? Does the heightened security risk make cash exempt from these considerations anyway, particularly when cash use is reducing in some jurisdictions?

Innovation Session - Efficiency and Optimization

Dar As-Sikkah | Bridging the Gap Between Physical and Digital Realm: Dar As-Sikkah’s Approach

Morocco’s Central Bank, Bank Al-Maghrib celebrated its 60th anniversary in June 2019. To mark the milestone, initial considerations led to the idea of an anniversary banknote dedicated mainly and exclusively to the Bank’s employees.

Entirely designed and produced by Dar As-Sikkah, Printing Works of The Central Bank, this new commemorative and customized banknote puts forward the efforts deployed by the Central Bank in the digital transformation field. Besides the design elements that highlights this digital aspect an augmented reality application BAM60® has been developed to allow to every employee to have access to some of his personal data and to discover the technical, artistic and security features of the note.

For a greater durability and stability, the banknote was printed on a three-layer banknote substrat - Durasafe® - provided by Landqart, which is composed of one central layer in polymer inserted between two layers of cotton paper.

The non-circulating note contains more than 15 security features such as Raised printing, Watermark, See-through Registration Device, Unique numbering, Raised printing without inks, Transparent windows, Anti-scan Patterns, Optically Variabl Ink, Raster Pattern, Multi-ton pattern, Semi-opaque windows, Micro-Printing and Latent image.

This digitally interactive banknote can be scanned in augmented reality to reveal the complex design, high security and technical features on each side.

G+D Currency Technology | Scalable cash center solutions - automation drives performance

End-to-end processes and automation are key elements for small cash centers as well as for large cash centers.

Sargent & Greenleaf | How to Reduce Your ATM Costs

Learn how you can reduce your ATM and Branch management costs by simply using Sargent and Greenleaf’s NEW A-Series with Display lock. A-Series with Display features a new standard for security. Protect your assets and your people with a faster, easier, more secure Safe lock, all while eliminating manual code generation, thus reducing your overall total cost of ownership. With no annual software fees, A-Series with Display delivers industry–leading technology and design at an exceptional value.

DoCash | The new era of banknote processing solutions

DoCash 5 – the newest multi pocket banknote sorter on the market with the most advantaged features in banknote processing solutions. DoCash 5 can be used in the back offices of the all banks of the European Union and also by CiT companies. DoCash 5 has not only the high-end sorting functions but also can be included and used in cash center solutions in every cash center of the European Union and all over the world.

Orell Füssli Security Printing | A Journey Through 500 Years of Innovation

Founded in 1519, Orell Füssli celebrated its 500th anniversary in 2019. We will take you through a journey of the time. We will share the best practice findings of the design process and production of the 500 years Anniversary note adapted and printed to cotton, Durasafe® and Guardian™ substrate.

Armor Safe Technologies | Smart Safes and Recyclers - Cash Management Efficiency and Throughput

With the ever-increasing operational cost of Cash Management, retailers must find a way to reduce costs while also finding a way to increase the speed of cash flow. We deliver a means that revolutionizes the way cash is handled and managed from end to end "Turning Cash into Digital Information". Armor Safe Technologies - changing the way the world counts cash.