Software Is Key To Managing the Currency Supply Chain

Sponsored by Transoft International, Inc.
Tags: Bank / Credit Union, Debit / Credit, Other, Vault Cash / Cash Management
Type: White Paper
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According to payments industry consulting firm Mercator Advisory Group, in 2006, consumers opted for paying by debit as frequently as by credit. And, 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 twenty seven 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.