All the knowledge GS1 has acquired for over forty years in achieving a more efficient supply chain for FMCG is today – after thirteen years of working side by side with national central banks – ready to be used in cash handling.

At GS1, our vision is of a world where things and related information move efficiently and securely for the benefit of businesses and the improvement of people’s lives, every day, everywhere.

A supply world where everyone speaks the same language would bring multiple and common benefits for every agent involved:

• Full-interoperability;
• Less time per operation due to automatically label readings;
• No human error thanks to the automatization process;
• Common international projects based on the same data structured information for companies located in many countries.

Focusing on the world of cash handling:

• Increasing the reliability of the physical tracking of cash units;
• Optimising and standardising the message flow between professional cash handlers;
• Eliminating duplicate inputs;
• Saving time in preparation, shipping, and receiving;
• Improving traceability and thereby contributing to the customers’ safety; 
• Increasing reliability and optimising inventories;
• Improving the quality of service;
• Enabling the automatic recording of data to ensure the quality of information.

Moreover, there are many reasons to join us depending on the nature of your company:

Why join if you’re a National Central Bank

• Standardised national cash handling process; 
• Automated cash and data processing: less time per operation, more data quality;
• More transparency on data exchange and on the supply chain.

Why join if you’re a CiT company

• Speaking a common language with all retailers and commercial banks;
• Receiving all the shipments structured in the same way;
• Less time per operation, GS1 labels allows automatic identification and data interpretation;
• No human error possible, due to the automated label reading.

Why join if you’re a Commercial Bank

• All CiT companies speaking a common language;
• Reduced IT resources due to the possibility of unifying international projects thanks to the main National Central Banks. This allows you to receive and send information structured in the same way.

Why join if you’re a Retailer

• All CiT companies speaking a common language;
• Reduced IT resources due to the possibility of unifying international projects thanks to the main Commercial Banks. That enables to receive and send the information structured in the same way.