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Competitive, technological, and policy change will compel banks to make one of two choices impacting their cash operations: invest significantly in their aging cash vault infrastructures, or Outsource their cash vaults to a cash logistics provider with a national footprint. This article outlines the drivers of change that will motivate many banks to remodel their basements.
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Standardization represents a common way of transacting payments including policies and practices, as well as technical formats. To achieve a single Euro payments area, creation and adoption of standards across all of these aspects of standards are necessary.
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Last updated on : 01-Aug-2008
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