Posts tagged as:

currency management

The Cost of Currency

08.11.2010
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In recent weeks there have been a number of articles related to the cost of creating and maintaining cash in society. On the one hand it should be fairly obvious that each note and coin in circulation has an inherent cost of manufacture. What is less clear is the ongoing cost of circulating authentic and fit notes and coins. First, let’s take a look at the obvious – what does it cost to make a note or a coin. The answer may not be as simple as the question.

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Nationwide prohibits small in-branch cash withdrawals – Expected gripes ensue

04.29.2010
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A couple of weeks ago Nationwide Building Society in the UK announced that it would prohibit cash withdrawals of less than £100 in the teller queue at the branch. This ban affected only holders of accounts that included an ATM or debit card, point being that these are customers that could just as easily get their cash from the ATM as in the branch.

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Multichannel integration and currency management – Are they close cousins?

03.09.2010

I’m currently working on a body of research about multichannel integration and to be honest, I wasn’t initially thinking about the currency management implications. At the same time that I’ve been working on multichannel research, we’ve been talking a lot about the TowerGroup Top 10 which lays out the top business drivers, strategic responses and technology initiatives that banks are focusing on in 2010. Finally one day the light bulb came on and I started thinking about where currency management fits within both multichannel integration and increasing self-service adoption.

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