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The programme for the 2017 event has not yet been finalised. If you are interested in presenting, find out how to submit your abstract

Below are the details of the programme from the 2016 event.


The 2016 Programme

Monday 11 April

 

09.00 : OPENING REMARKS

Guillaume Lepecq, CEO,
AGIS Consulting


09.10 : THE GLOBAL STRATEGY OF THE BANQUE DE FRANCE TO ENHANCE EFFICIENCY IN THE CASH CYCLE (OPENING ADDRESS)

Alain Gerbier, Director of the Cash Department,
Banque de France
 

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The Banque de France intends to continue to play a major role in the cash cycle in the future. The focus will be on robustness, resilience and efficiency.

A central element of the strategy is the design of two highly automated cash centres in the North of France and the Paris region. These modernized and industrialized processing centres aim at improving work conditions, improving the quality of services delivered to customers, enhancing the security and improving the operational performances.

 

 

Session One: The Evolution of Cash Demand


09.40 : THE EVOLUTION OF CASH DEMAND 

Doris Schneeberger, Head of Division Currency Management,
European Central Bank (ECB)
 

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The future of cash has been questioned by many well-known economists and organisations for decades. The reasons have varied from the associated societal costs to payment innovations. Yet, the value of euro banknotes has increased five-fold since the euro cash introduction in 2002 to exceed the 1 trillion boundary at the end of 2014. 

Why this huge annual growth and a continuous use of cash then?

Recent experience has shown that many societal groups cannot or do not want to give away cash as a means of payments. Moreover, the store of value function plays an important role in times of financial or political turmoil; not only in the euro area but throughout the globe.

Since cash is far from being “on the brink of extinction”, the presentation will review the use of cash based on different motives of holding cash and foreseen future trends.

 


10.05 : ARE US CONSUMERS USING LESS CASH?

Joshua Opatz, Manager Currency Quality and Policy Analysis Group, Cash Product Office,
Federal Reserve System
 

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In the era of mobile payments and online shopping, how do consumers use cash? Detailed analysis of new data from the Federal Reserve Banks of San Francisco, Boston, and Richmond will include information about:
 
Consumers’ use of cash for different purposes, for example, at the retail point of sale and  to repay another person
 
Consumers’ use of cash for low-value payments (less than $10) compared to cash use for larger amounts
 
Consumers’ use of cash related to their stated preferences and demographics like income and age
 
The Diary of Consumer Payment Choice is a representative survey of U.S. adults age 18 and older. It records detailed data about cash and non-cash payments, cash deposits and withdrawals, and bank account ownership.
 
With this rich data set, it is possible to put consumers’ choices about cash in the context of their preferences for and holdings of other assets and payment instruments.

 


Questions and answers - followed by a break


11.20 : DOWN BUT NOT OUT: LEGAL TENDER AND THE DECLINING USE OF CASH

Bram Scholten, Senior Advisor,
De Nederlandsche Bank (DNB)
 

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The presentation will review the concept of legal tender in the EU. It will analyse how the Netherlands are planning to deal with the declining use of cash and how this compares with the approach in the Nordic countries.

 


11.45 : CASH DEMAND VS. CASH SUPPLY

Leonor Machado, General Manager Cards, 
Caixa Geral de Depositos
 

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The reduction of the number of central bank branches is leading to higher costs for commercial banks and particularly in terms of transportation. 

How can we be more efficient? How can we optimise transportations routes? Is it time to review and reconsider the cross-border transportation of euro banknotes?

 


12.05 : INTRODUCING POLYMER BANKNOTES

Victoria Cleland, Chief Cashier - Director of Notes, 
Bank of England
 

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In autumn 2016, the Bank of England will launch its first polymer banknote.

This presentation will briefly review the rationale for the change before focusing on the work that the Bank is undertaking with the cash industry to prepare for a smooth transition to the new banknotes.

 


Questions and answers - followed by lunch



Session Two: Innovation Round Table
 

14.15 

The panel will debate how innovation can contribute to improve the efficiency of cash and identify which technologies and processes are currently on the innovation radar screen.  

Topics include :

Do we need a robust cash cycle to innovate in digital payments?

Does cash play a role as a fall-back payment option?

Should innovation aim at displacing cash or change the way we access cash? (such as New Chase ATMs enable cash withdrawals using ApplePay; peer-to-peer cash distribution apps)

Disruptive innovation vs sustaining innovation?

Can the cash industry learn from the Fintech model to foster innovation?
 

Our panel

Antti Heinonen, Former Director Banknotes, European Central Bank  (Chair)

Päivi Heikkinen, Chief Cashier, Bank of Finland

Kabir Sehgal, Author of 'Coined - the Rich Life of Money and How its History has Shaped Us'

Joshua Opatz, Manager Currency Quality and Policy Analysis Group, Cash Product Office, Federal Reserve  System 

Christophe Caffard, Managing Director, Cashway

 


Break


 

 

Session Three: New Banking Solutions
 

16.20 : WHITE LABEL BRANCHES

Philippe Gossart, Managing Director France,
Prosegur


16.45 : THE EVOLUTION OF CASH DISTRIBUTION THROUGH ATMS

Graham Mott, Head of Development and External Relations,
LINK
 

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The UK has seen dramatic shifts in the number, location and business models of ATMs in recent years. 

With over 70,000 ATMs, the UK has one of the world’s largest and densest ATM networks and the questions are how did this happen, what are the impacts on consumers and what does the future hold for cash access in the UK?

 


17.10 : HOW SHOULD FORENSIC LABS, CITS, COMMERCIAL AND CENTRAL BANKS HANDLE STAINED BANKNOTES?

David Milner, Chairman,  EURICPA;  
Patrice Rullier, Vice-Chairman, EURICPA (and Chairman of the European Advisory Board of ATMIA)
 

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The recent survey conveyed by Euricpa and ECB showed the strong development of this deterrent technology in Europe over the past few years. More and more countries throughout the world (Asia/Africa/South America) are also adopting Intelligent Banknote Neutralisation Systems.

CITs/Commercial and Central Banks have to deal with stained notes from accidental activation and forensic police and labs for criminal conviction. We will explain what stakeholders should take into account and be prepared for.

 


Questions and answers - followed by a drinks reception


 

Tuesday 12 April

 

09.00 : 7 THINGS YOU DON'T KNOW ABOUT MONEY (KEYNOTE SPEECH)

Kabir Sehgal, Author of 'Coined - The Rich Life Money and How its History has Shaped Us'
 

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In Coined: The Rich Life of Money And How Its History Has Shaped Us, author Kabir Sehgal casts aside our workaday assumptions about money and takes the reader on a global quest to uncover a deeper understanding of the relationship between money and humankind.

More than a mere history of its subject, Coined probes the conceptual origins and evolution of money by examining it through the multiple lenses of disciplines as varied as biology, psychology, anthropology, and theology. Coined is not only a profoundly informative discussion of the concept of money, but it is also an endlessly fascinating and entertaining take on the nature of humanity and the inner workings of the mind.

 


Session Four: The Evolution of Cash Cycle Models
 

09.40 : THE G4S CASH REPORT EUROPE: MODERNISING CASH

Graham Levinsohn, Regional CEO,
G4S Europe
 

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With more than half of all payment transactions in Europe still completed with cash, the sentiment of stakeholders has shifted towards the view that “The world cannot do without cash”. 

A major new study of 28 countries undertaken by G4S examines the relevant cash cycles and seeks to answer the key questions of “What drives the use of cash in Europe? And “Why is cash still popular?" 

 


10.05 : THE IMPACT OF THE REDUCTION OF COMMERCIAL BANKS' FOOTPRINT ON THE NORWEGIAN CASH CYCLE

Leif Veggum, Assistant Director, Chief Cashier’s Department.,
Norges Bank
 

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The presentation gives an overview of the Norwegian cash cycle and the division of responsibility between commercial banks and the central bank. It describes the recent development where commercial banks withdraw from direct cash operations, and looks into possible needs for adjustments of the central bank policies caused by this.

 


Questions and answers - followed by a break


11.20 : MODERNISING THE CURRENCY: WHAT THE FUTURE HOLDS FOR CASH SUPPLY CHAINS

David Hensley, Director,
Cash Services UK
 

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The constantly evolving payments landscape means that cash must keep pace with consumer preference. Despite a relative decline in use across Europe, cash remains a popular method of payment for many in society and will continue to feature as a payment option for years to come.

To enable this, wholesale and retail cash supply chains must ensure they function in an effective and innovative manner that supports all those involved in the cash cycle but ultimately benefiting the cash user. This presentation will offer a view from the UK and make the call for co-operation across a number of related areas, including research.

 


 

11.45 : ROADMAP TOWARDS A MORE EFFICIENT CASH CYCLE IN FRANCE

François Coulet, Senior Advisor, 
French Banking Federation
 

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The French cash cycle is undergoing fundamental changes, driven by the reduction of central bank branches, the closing of commercial bank branches, developments  new payment instruments and the development of recirculation by commercial banks and CITs.

How can the key stakeholders – central bank, commercial banks and cash-in-transit companies  contribute to a more efficient cash cycle while maintaining its robustness?

 


12.05 : CASH AND PERSONALITY TYPES

Sébastien Chapoulet, Business Development Marketing Manager,
Glory Global Solutions
 

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The debate surrounding the death of cash seems to be as old as cash itself, but in a new approach Glory will present the findings of unique research into how different personality types use cash and what this could mean for banks and retailers operations

 


Questions and answers -  followed by lunch



Session Five: Solutions for the Collection of Cash
 

14.15 : THE DUTCH RETAILERS' VIEWS AND BEHAVIOUR TOWARDS CASH

Nicole Engel, Policy Advisor and Esther van den Kommer, Policy Advisor
De Nederlandsche Bank (DNB)
 

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Retailers are an important player for an efficient use of cash in society as well as to guarantee the integrity of cash. To gain more insight into the behaviour and perception of Dutch retailers towards cash, De Nederlandsche Bank (DNB) conducted a study among retailers in 2014. 

Topics covered range from the processing of cash by retailers to the perceived obstacles in terms of safety, accessibility, efficiency and continuity of cash. Further questions include "how much longer will cash be around?" and "does DNB need to change any of its policy with respect to cash?"

 


14.40 : AUTOMATION OF THE CASH PROCESS IN THE RETAIL MARKET

Ana Rodriguez, Cash Management Process Specialist
Gunnebo

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Counterfeits in the retail market are a serious issue. Is automation really increasing the control of counterfeits or is it decreasing it by putting counterfeits back into circulation in the market?

It is an important issue to have in mind, and we should ensure that retailers really know that they are responsible for not returning counterfeits to the market. It is important that they know that they should use technology for detection, which has been positively tested by the central banks.

So, manufacturers and suppliers of cash solutions have the responsibility to transmit the right message to retailers about the technology they can offer them, and to propose the correct process to help them avoid recirculating the counterfeits. How will this influence the main players in the cash cycle, CIT companies, central banks, paper mills and even printing works?

 


 

15.05 : THE ATM - THE RETAILER'S HIDDEN BUSINESS ALLY

Ewan Ogilvie, Managing Director of Europe, 
YourCash Europe
 

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In a society which is driven by budgets, value for money and the tangibility of having physical cash; cash usage has unsurprisingly increased and still remains the preferred payment method for the UK public.

IADs are now able to offer retail businesses a cost effective route for their customers to access cash, whilst offering the business owner a number of additional benefits. Ewan discusses the numerous advantages an ATM can offer including increased footfall, increased basket spend, increased impulse buying and more importantly the creation of a ‘community hub’.

 


 

Questions and answers and closing remarks - followed by farewell drinks