G+D Spotlight

G+D Spotlight

Cash centers and casinos in the US cash cycle

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The US market for cash management is as diverse as the country’s far-flung geography, with an estimated 3,500 casinos. Of these, about 50 are large casinos with more than 2,500 slot machines each. There are also 400 cash centers operated by commercial banks and private CIT operators. While each individual player has very particular demands, the cash management sector as a whole is moving toward unlocking value with more automation, and a focus on improving efficiency.

Key takeaways:
- There are about 3,500 casinos in North America, with about 50 having more than 2,500 slot machines each.

- The US cash logistics business was estimated at just under $6 billion in 2022, with strong growth worldwide projected through 2030.

- Automation solutions such as bander modules make a big difference in the cash logistics. sector

Banknote processing: an automated cash cycle

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Have you ever handed over cash at a store and paused to consider the journey that the banknote has taken to reach your hand?

Key takeaways:
- Automated banknote processing systems have made cash center operations and the cash cycle more efficient, reliable, and sustainable.

- G+D has played a leading role thanks to the pioneering work of Siegfried Otto and Helmut Gröttrup.

- Greater collaboration between industry stakeholders is required, as digitalization and data networking become more integrated into cash cycle processes.

Fostering an ecosystem: SSI hits its stride

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The concept of self-sovereign identity (SSI) was born of digitally empowered communities’ efforts to find a decentralized answer to the issue of trust and identity on the internet. As the technology has developed, so have use cases, and the potential of an ecosystem based upon trust that benefits all stakeholders (government, enterprise, and end user) – while protecting privacy – is becoming increasingly clear.

Key takeaways:

- Governmental digital IDs in a functional SSI ecosystem foster uptake of eGovernment offerings.

- Individuals retain control of their data, and secure their privacy. Governments can provide and offer services quicker and more efficiently.

- Businesses can offer user journeys that are more convenient and with fewer obstacles.

Closing the data trust gap

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In the digital economy, data is the fuel that drives many of the key products and services we all rely on. But unless we can count on the integrity and quality of that data, the value it generates is quickly diminished.

How green is your ePassport?

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Tackling climate change is the undisputed challenge of our time. Businesses and organizations from all sectors have a responsibility to reduce their carbon emissions and contribute to environmental-protection efforts. In this context, the identity industry has a golden opportunity to set an example for the rest of the travel industry by improving the carbon footprint of the ePassport life cycle.

Five critical success factors for effective ESG

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Today, environmental, social, and governance (ESG) strategy is an agenda-topping item for almost all companies – of all sizes. What strategic approaches do organizations such as G+D need to adopt to help them deliver on these goals?

A glimpse into the future of currency management

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The payments ecosystem is developing rapidly, and new technologies and life-altering experiences – the COVID-19 pandemic, the prospect of war – are changing our financial habits. There has been a rise in contactless payments and an increase in the circulation of cash as people put money to one side in tumultuous times. At the same time, currency management is becoming ever more digital as industry players take advantage of new technologies and as a result of global events.

G+D’s role in innovation for the digital age

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Digitalization has disrupted and transformed society over the past decade. Big advances have been made in digital payments, mobile technology, near-field contactless technology, the Internet of Things, and machine-to-machine communication. These digital technologies have combined in different circumstances and ways to improve the lives of businesses and consumers around the world.

About this podcast

G+D Spotlight features articles highlighting the latest information in the technological advancement and security of payments, digital infrastructures, and connectivity. Listen to opinion pieces, interviews, and intriguing informational articles from the today's leading figures as they discuss the advancement of everything from 5G to wearable payments to cryptography and IoT. You can find this podcast and more on gi-de.com.

by Giesecke+Devrient

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