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Last month, the U.S. Federal Reserve raised interest rates for the first time in about a decade. Still, they remain at historic lows — precedent-setting lows, even.
"Crazy as it sounds, several of Europe’s central banks [e.g., Sweden, Switzerland and the European Central Bank] have cut key interest rates below zero and kept them there for more than a year," A Bloomberg article said in December.
Providers of cash management services continue to remind cash-dependent businesses that, where interest rates are concerned, what comes down must come up. And the Fed's timorous quarter-point rate hike — even if it doesn't exactly have ATM operators quaking in their boots — should serve as proof of this point.
On the other hand, many deployers say, with so many other pressing issues to address, why should they add cash management to the list?
It's a good question that deserves a good answer. And a Jan. 26 webinar will provide an excellent one.
"Interest rates are low: Why cash management?", presented by Wincor Nixdorf and hosted by ATM Marketplace, will demonstrate that savings from a cash management program can extend to a great deal more than interest paid on excess cash stock.
Presenters Marco Goltz, product manager at Wincor Nixdorf, and Hugo Montiel, senior software sales consultant for Wincor Nixdorf C.V. will make the case that interest is the just the tip of the savings iceberg — one cost factor among many in the typical TCO equation for ATM deployers.
According to Goltz and Montiel, ad-hoc orders, poorly timed CIT schedules and inefficient administration are just a few of the non-interest expenses that often come into play for an ATM deployer — and that just as often go unnoticed or unaddressed.
In a one-hour session, they'll explain how — even in a low-interest environment — effective cash management and cash recycling can drive cost out of the cash-delivery channel and maximize ATM availability.
The webinar will include:
The live one-hour event will take place from 10 a.m. to 11 a.m. EST, Tuesday, Jan. 26, and is open to all at no charge.
Companies: Wincor Nixdorf International