The importance of continued development
Such technology will be the cornerstone of the high-speed processing world for the FRS, ensuring that operations remain productive and that the continually growing demands of the cash industry are met. Embracing automated, standardized, and digitalized solutions will also ensure that cash will continue to be delivered in a timely, efficient, and affordable manner. Making cash printing and processing more intelligent and efficient helps to lower the cost of cash – a benefit for consumers using it, as well as for banks and retail outlets receiving, processing, or storing cash. It also sets cash as the benchmark for other means of payment.
Furthermore, streamlined and secure banknote processing ensures that unfit or counterfeit banknotes are quickly removed from the cash cycle and that the general public can always enjoy a safe and reliable way to pay. Software development will also occur in parallel to the rollout to heighten visibility and control, allowing operators not only to better monitor cash levels, machine statuses, or transport routes, but also to predict them. Software helps to increase transparency in cash processing and introduce a greater degree of collaboration between players.
The fact that the FRS has signed this contract signals the intention for long-term cooperation and the US’s trust in cash. It shows the importance of giving people the freedom to choose how they want to pay and for large economies to have a well-functioning cash cycle.
Dr. Ralf Wintergerst, G+D Group CEO, remarks, “Building on a history of continuous improvement in system performance, service excellence, and market-leading technical support, we are proud that the FRS has continued to put its trust in the people and technology of G+D.”