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The Ultimate Solution for Cash Handling. Bank Notes in Circulation January 1996 – January 2004. Cash is Costly. Cost in EU ( source: Euopean payment Council) No less than EUR 50 billion (0,4 – 0,6% of GDP) 360 billion Cash Transactions 60 billion Non-cash transactions Cost Split - PowerPoint PPT Presentation
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The Ultimate Solution for Cash Handling
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Bank Notes in CirculationJanuary 1996 – January 2004Bank Notes in CirculationJanuary 1996 – January 2004
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Cash is CostlyCash is Costly• Cost in EU ( source: Euopean payment Council)
– No less than EUR 50 billion (0,4 – 0,6% of GDP)
– 360 billion Cash Transactions
– 60 billion Non-cash transactions
• Cost Split– Bank 50%, retailers 40%, others 10%
• Cost for banks– About 20% of annual operating costs
• Estimated Cost in United States– USD 60 billion
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CountingCounting
Counting
CountingCounting
ATM
Head cashierOr cashier
Cashier
NOTE DELIVERY TO BANKAND EXCHANGE /
LOW VALUE NOTESTO STORES
IN DISPOSABLE CASSETTES
NOTES FOR DESTRUCTION
COUNTING CENTRALBANKPOST
NATIONAL BANK
BANK / DEPOT / POST
NIGHT DEPOSITOR
CASHIER
QUALITY SORTED INTO TWO LEVELS:• NATIONAL BANK QUALITY (6 SEK/100 Notes)• ATM QUALITY (10 SEK/100 Notes)
CASH FLOW TODAY: Manual NOTE COUNTING everywhere
Counting
Counting
Cashier
Counting
COUNTING
98-05-27
BANK / POST
The cost for cash handling in Sweden today, appr. EUR 1.2 billion/year.
Corresponding amount in the U.K., appr. EUR 5.5 billion/year.
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COUNTINGCOUNTING
COUNTING
COUNTINGCOUNTING
ATM
HEAD CASHIEROR
CASHIER
Cashier
NOTE DELIVERY TO BANKAND EXCHANGE /
LOW VALUE NOTESTO STORES
IN DISPOSABLE CASSETTES
NOTES FOR DESTRUCTION
COUNTING CENTRALBANKPOST
NATIONAL BANK
BANK / DEPOT / POST
NIGHT DEPOSITOR
CASHIER
QUALITY SORTED INTOTWO LEVELSNATIONAL BANK QUALITY (6 SEK/100 Notes)ATM QUALITY (10 SEK/100 Notes)
CASH FLOW TODAY: Manual NOTE COUNTING everywhere
COUNTING
COUNTING
Cashier
Counting
COUNTING
98-05-27
BANK / POST
The cost for cash handling in Sweden today, appr. EUR 1.2 billion/year.
Corresponding amount in the U.K., appr. EUR 5.5 billion/year.
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SHORT CIRCUIT
Head cashierOr cashier
Cashier
DISPOSABLE CASSETTES
NOTES FOR DESTRUCTION
NATIONAL BANK
BANK / DEPOT / POST
InternetCash flow Control
CASH FLOW TOMORROW: No manual NOTE COUNTING
Counting
Cashier
Counting
Counting
Recycling
Low qualityUNDERFLOW / OVERFLOW
IN DISPOSABLE CASSETTES
EXCHANGE /LOW VALUE NOTES
INDISPOSABLE CASSETTES
NOTES FOR DESTRUCTIONIN DISPOSABLE CASSETTES
Low quality
Recycling
NEW DEPOSIT/DISPENSE MACHINE
Automatic ATM loading by customerDeposit receipt for customerQuality sorting of notesOverflow > Disposable cassettesLow quality notes > Disposable cassettesSuspect counterfeit > Disposable cassette
98-04-27
Estimated cost reduction after installation of QCR in Sweden, appr. EUR 0.3-0.4 billion.
Corresponding amount in the U.K. is appr. EUR 2.1 billion.
Technical service
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Local CirculationLocal Circulation
DepositsWithdrawals Withdrawals
Deposits/Withdrawals
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Branch staffdispenses anddeposits
Q-CashRouter Local RecyclingQ-CashRouter Local Recycling
QCR productivity with one deposit and two dispense
fascias
One deposit of 400 notes (3 minutes)
Dispenses to 6 customers5 notes each
Q-CashRouterQ-CashRouter
Dispenses to 6 customers5 notes each
Processes 12 customer Withdrawals during the same time as 1 customer
makes a Deposit
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SealPack™ - Automatic Bundling of notesSealPack™ - Automatic Bundling of notes
Quality sortedNotes
Suspected andInk-died Notes
CounterfeitNotes
Poor qualityNotes
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New Innovative Business ConceptsNew Innovative Business Concepts
Q-CashRouter
Replaces:• ATMs• Deposit machines• Night Deposit Safes• Manual processing of daily takings
Locations:• Bank Branches• Supermarkets/Hypermarkets• Shopping Malls
Partnering:• Banks• Shops• CITs• Real estate owner
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Q-CashRouter - Main Benefits Q-CashRouter - Main Benefits
• Local Recycling of notes with a significant cost reduction
• Replaces up to 2 ATMs, single note, bundle and envelope deposit systems and Night Deposit Boxes
• Immediate crediting of depositor’s bank account
• New Revenues for Banks: Change from a cost driven to a revenue driven cash handling Business– Revenues from Deposit services (fewer CIT transports and no
costs for central sorting, counting, etc.)
– Sales of exchange cash SealPacks to Retailers
– Sales of SealPacks for ATM-loading
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BANQIT’s FutureBANQIT’s Future• BANQIT will become number one in the world in cash handling
• Our concept and our products for local recycling will reduce the volume of bank notes, and the costs for cash handling, by up to 50%
• BANQIT’s concepts and products are protected by an extensive and worldwide patent portfolio
• BANQIT needs a resourceful partner with extensive market coverage in the banking and retail sector in countries where the company does not have a presence today
• Why and how did BANQIT develop these concepts, and the technology?
