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In 2010, the EPC and the European Security Transport Association (ESTA) established a joint task force to identify best practice principles and, where possible, develop recommendations on how to further improve deploying and re-circulating cash in the Single Euro Payments Area (SEPA). The considerations of this task force are reflected in the document 'Improving the Efficiency of the Handling of Cash - Cash Cycle Models'.
The document aims to create awareness among participants in the commercial cash cycles established at national level on how to improve existing processes and reduce the overall cost of cash. Participants in the commercial cash cycle are parties other than national central banks (NCBs) and consumers taking part in the cash cycle: e.g. payment service providers, cash-in-transit companies and retailers.
The objective of the public consultation is to ensure that the document 'Improving the Efficiency of the Handling of Cash - Cash Cycle Models' correctly describes existing practices established between commercial cash cycle participants and NCBs and to enhance the content, where possible. The document will be updated based on the feedback received from stakeholders and a revised version will be published on the EPC Website later this year. The EPC looks forward to continuing the dialogue with all stakeholders on the best way forward to boost the efficiency and, consequently, reduce the high cost of processing and handling of cash in SEPA.
Responses are invited by 14 July, 2013.