Penki Kontinentai Has Published Book on Cash Circulation

Published: 14 May 2019 y., Tuesday

Recently, the Penki Kontinentai Group has published the book “Modern video security platforms in the banking industry” by Takhmasib Dadashev, and today we can already get acquainted with his other work. The book “Cash Management: History and Horizons” was not accidentally released before the visit of BS/2 and ASHBURN International representatives to Georgia, where the Europe Cash Cycle Seminar is currently taking place. The Global Forum on the Cash Regulation, Distribution and Circulation is an excellent opportunity to present a new publication to the target audience. 

A new book by Takhmasib Dadashev reveals to the reader the history of the money existence. Starting from 3,000 years ago BC, when the shekel (180 barley kernels) became the smallest change unit in Mesopotamia, until the first paper banknotes and our days. Long experience proves that cash is the only universally available payment method, disregarding of person’s income or age. So even today, banknotes are a reliable guarantee of stability in an unstable economy.

Despite the fact that payment cards, electronic payments and online services have become the realities of modern life, non-cash payments are not able to oust cash from circulation completely. The total global amount of cash grew by 0.7% last year, so financial institutions and retailers are looking for innovative cash management tools.

Of course, cash handling is quite expensive (production, transportation, security, etc.) and involves risks. The book presents a comprehensive analysis of various modern tools for automating and optimizing cash management, both from a technical and from organizational processes.

The author pays special attention to Cash Management.iQ solution. The software was developed by BS/2 for efficient cash management within the infrastructure of banking and trade organizations. Various modules of the system allow not only to predict the demand for cash at each point, but also to monitor the collection progress. An integrated approach allows companies to reduce the daily cash turnover costs, which contributes to the growth of their competitiveness in the market.

If you are interested in technical solutions that allow to optimize the processes of cash recalculation, storage and transportation, as well as digital currencies and their development prospects, you can download the digital version of the book “Cash Management: History and Horizons” by clicking on link below.

Book in English

Book in Russian

Šaltinis: Penki kontinentai
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment

     

 


Captcha
 

Associated articles

Penki Kontinentai Supports Social Initiatives during the COVID-19 Pandemic

Penki Kontinentai expresses gratitude to all socially responsible citizens, volunteers, and business representatives, who help physicians, the elderly and other vulnerable groups during the COVID-19 coronavirus pandemic. The Group of companies, in turn, allocated 50 thousand euro... more »

Self-service of the banks of the future.Overview of new DN Series ATMs

A year ago, one of the leading manufacturers of banking hardware and a developer of banking software solutions, Diebold Nixdorf announced the launch of a new line of DN Series ATMs. more »

Equity Bank Kenya Limited will provide ATM security with ATMeye.iQ

Equity Bank Kenya Limited has acquired 280 ATMeye.iQ software licenses to protect their ATM network. This solution was developed by BS/2 to provide ATM security, resolve disputes, and prevent fraud. The solution was implemented smoothly through collaboration with local partner Technology Associates Kenya. more »

ASHBURN International Integrated Uzcard and Mir Payment Systems

ASHBURN International, a developer and supplier of flexible innovative solutions for acquiring organizations, carried out the integration of Uzcard and Mir payment systems. From now on, residents can pay with cards of the Russian payment system in Uzbekistan. more »

Penki Kontinetai Financial Results for the First Quarter Of 2020

Penki Kontinetai Group's revenue for the first quarter of 2020 amounted to 10.2 million euros. Financial indicators are consistent with the results of the same period last year. more »

Cash Management.iQ and S&G’s A-Series ATM Locks. Manage CIT access to ATMs and other terminal devices

Automating the process of assigning tasks and providing relevant access to CIT personnel is one of the most useful ways in increasing the overall efficiency of the cash flow process. BS/2 was able to implement these features into it’s Cash Management.iQ system while finalizing the main phase of the integration process of the Cash Management.iQ platform with the A-Series access control solution from Sargent&Greenleaf. more »

TransLink.iQ and Ingenico terminals for Azer Turk Bank

The Azerbaijani state-owned bank Azer Turk Bank has purchased a TransLink.iQ solution for EFTPOS networks monitoring and managing, developed by ASHBURN International. The company also provided the bank with the country's first payment terminals manufactured by Ingenico. more »

BS/2 Provides a Full Maintenance Service On Banking Equipment Even During Quarantine

Due to the rapid global coronavirus disease spread, the WHO announced the COVID-19 outbreak a pandemic on March 11. Most countries have introduced quarantine and recommended their citizens to isolate themselves from social contact. Schools, kindergartens, shops, cafes, restaurants and other public gathering places were closed. Many companies let their employees work from home. more »

Remote Cash Capture. New opportunities during the COVID-19 pandemic

The demand for solutions helping to increase the autonomy of banks and retail chains work will go up. This opinion was expressed by the head of "Infoline-Analytics" Mikhail Burmistrov in the Kommersant.ru article "Networks distance themselves from collectors". This also applies to remote cash capture solutions. more »

Penki Kontinentai Supports Social Initiatives during the COVID-19 Pandemic

Penki Kontinentai expresses gratitude to all socially responsible citizens, volunteers, and business representatives, who help physicians, the elderly and other vulnerable groups during the COVID-19 coronavirus pandemic. The Group of companies, in turn, allocated 50 thousand euros to support public organizations in Lithuania. more »

Penki offers 16 free TV channels

Fiber-optic network Penki has expanded its list of free TV channels to diversify the leisure time of its customers during the quarantine period. more »