In 2006, consumers opted for paying by debit as frequently as by credit. In 2007, debit card transactions are predicted to surpass credit card sales by market share. Yet, in many respects, cash is still king and the numbers prove that point: Nearly 27 billion pieces of American currency are in circulation worldwide, totaling nearly $800 billion in value. Financial institutions are tasked with managing this tidal wave of cash on a daily basis, which has given rise to a fairly new category of software applications dubbed currency supply chain management solutions.
Virtually every large financial institution around the globe has turned to automated cash management software to help them with two major customer touchpoints: ATMs and branches. In this white paper, Transoft International discusses how currency supply chain management systems can help FIs keep their costs down while still enabling them to provide excellent customer service.
Editor's Note: This white paper was provided by Transoft International. Statements made in the text reflect the views and/or opinions only of the sponsor.
