Conference in Budapest

Currency Research invites all industry stakeholders to register for the upcoming Europe Cash Cycle Seminar (ICCOS) 2017 in Budapest, Hungary.

From March 20 to 23, 2017 the Europe Cash Cycle Seminar (ICCOS), is taking place in Budapest, Hungary at the Corinthia Hotel. Undoubtedly one of the most respected educational seminars within the industry - Currency Research (CR), is looking forward to welcoming and engaging with all industry stakeholders within the networking opportunities which surround three days of Plenary Sessions, Sponsor Breakout Meetings, and Panel Discussions aimed at providing delegates with the latest industry insight, to improve the efficiency of the Cash Cycle.

Among planned Plenary Session presentations is a General Overview of the Hungarian Cash Cycle by Magyar Nemzeti Bank. This presentation will provide a general overview about the current trends of the Hungarian cash supply chain and analyze the current challenges, with special focus paid to the rapidly increasing cash demand and the issuance of an upgraded banknote series from the central bank’s perspective.

Another presentation – Three Ways to Make Cash Re-circulation Work – will be made by ING Bank Belgium. The focus of this presentation will explore how ING Belgium has installed recycling machines in all of its branches over the past decade. The discussion highlights what works and what fails to make cash re-circulation generate savings in the cash supply chain. Over 90% of ING Belgium’s ATMs are recycling machines, and they are still seeing many ways to improve the cash re-circulation in their network.

A topic that should be of great interest to many of the delegation will be presented by Frank van der Horst of De Nederlandsche Bank. He will examine Payment Behavior: the Role of Socio‐Psychological Factors: “People don’t always act in line with their intentions. There is ample research showing that this is a widespread phenomenon. Within the field of payments, research on this topic is still in its infancy. This is surprising given that paying is a form of behavior that is commonplace and that various organizations are monitoring and steering payment behavior (cash vs electronic).

Detailed research on the socio‐psychological drivers of payment behavior is missing. When explaining the adoption and usage of payment instruments, previous studies either neglected socio‐psychological factors or focused on one specific factor, for example emotions.”

Other presenters from the following organizations will take to the stage and present on various topics: Sberbank from Belarus, the European Central Bank, the Central Bank of Slovenia, the Bank of Israel, and Deutsche Bundesbank.

Be sure to look at the Europe Cash Cycle Seminar website (http://europe.iccos.com/) for more confirmed presentations every week!