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The Ultimate Solution for Cash Handling

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

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The Ultimate Solution for Cash Handling

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  1. The Ultimate Solution for Cash Handling

  2. Bank Notes in CirculationJanuary 1996 – January 2004

  3. 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 • Bank 50%, retailers 40%, others 10% • Cost for banks • About 20% of annual operating costs • Estimated Cost in United States • USD 60 billion

  4. Cashier Counting Counting Counting Counting Counting Counting Counting Counting CASH FLOW TODAY: Manual NOTE COUNTING everywhere 98-05-27 BANK / POST NIGHT DEPOSIT OR CASHIER COUNTING CENTRAL BANK POST COUNTING Cashier Head cashier Or cashier NOTES FOR DESTRUCTION NOTE DELIVERY TO BANK AND EXCHANGE / LOW VALUE NOTES TO STORES IN DISPOSABLE CASSETTES NATIONAL BANK ATM • QUALITY SORTED INTO TWO LEVELS: • NATIONAL BANK QUALITY • (6 SEK/100 Notes) • ATM QUALITY • (10 SEK/100 Notes) BANK / DEPOT / 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.

  5. Cashier Counting COUNTING COUNTING COUNTING COUNTING COUNTING COUNTING COUNTING CASH FLOW TODAY: Manual NOTE COUNTING everywhere 98-05-27 BANK / POST NIGHT DEPOSIT OR CASHIER COUNTING CENTRAL BANK POST COUNTING Cashier HEAD CASHIER OR CASHIER NOTES FOR DESTRUCTION NOTE DELIVERY TO BANK AND EXCHANGE / LOW VALUE NOTES TO STORES IN DISPOSABLE CASSETTES NATIONAL BANK ATM QUALITY SORTED INTO TWO LEVELS NATIONAL BANK QUALITY (6 SEK/100 Notes) ATM QUALITY (10 SEK/100 Notes) BANK / DEPOT / 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.

  6. Cashier Counting Counting Counting Recycling Low quality CASH FLOW TOMORROW: No manual NOTE COUNTING 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. Cashier SHORT CIRCUIT Head cashier Or cashier NOTES FOR DESTRUCTION NATIONAL BANK EXCHANGE /LOW VALUE NOTES IN DISPOSABLE CASSETTES NOTES FOR DESTRUCTION IN DISPOSABLE CASSETTES BANK / DEPOT / POST NEW DEPOSIT/DISPENSE MACHINE Internet Cash flow Control Automatic ATM loading by customer Deposit receipt for customer Quality sorting of notes Overflow > Disposable cassettes Low quality notes > Disposable cassettes Suspect counterfeit > Disposable cassette Recycling DISPOSABLE CASSETTES Low quality UNDERFLOW / OVERFLOW IN DISPOSABLE CASSETTES Technical service

  7. Deposits/Withdrawals Local Circulation Deposits Withdrawals Withdrawals

  8. Q-CashRouter Local Recycling QCR productivity with one deposit and two dispense fascias Dispenses to 6 customers5 notes each Q-CashRouter One deposit of 400 notes (3 minutes) Branch staff dispenses and deposits Dispenses to 6 customers5 notes each Processes 12 customer Withdrawals during the same time as 1 customer makes a Deposit

  9. Counterfeit Notes SealPack™ - Automatic Bundling of notes Quality sorted Notes Poor quality Notes Suspected and Ink-died Notes

  10. New Innovative Business Concepts • 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 Q-CashRouter

  11. 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

  12. BANQIT’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?

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