Latest News
Cash Logistics Industry Requires Agility & Action
March 20, 2024
Recent reports predict that the cash logistics market will grow to $22.29 billion in 2024 at a compound annual growth rate of 8.6 percent. This growth can be attributed to many factors, including an increase of currency in circulation and a booming ATM market.
2024 is the year to re-evaluate cash management practices
February 29, 2024
With a booming ATM market, an increase in ATM theft and crimes, and a surge in cash in circulation, now is the time to reevaluate your financial institution’s current cash management practices. If your FI has been considering outsourcing cash management, 2024 is the year to get it done.
Customer Close-Up: Arbor Bank
January 18, 2024
When Arbor Bank decided to switch armored carriers they were simply seeking better service. What they gained from the switch though was much more. The move to Rochester Armored Car introduced the bank to cash management solutions and services that improved efficiency, reduced risk, and essentially changed how the bank operated.
Is Your Financial Institution Ready for the Federal Reserve’s FedCash E-Manifest Service?
October 6, 2023
In 2017 the Federal Reserve committed to the industry-wide initiative of Cash Visibility, an initiative focused on bringing greater transparency and efficiency to the cash supply chain. A lot has happened since that commitment.
Latest Federal Reserve Report Indicates Cash Is Still In Demand
August 31, 2023
Despite the increased preference for card use, cash is still in demand. Cash accounted for about 18 percent of all payments. The report also indicated the amount of cash consumers kept in their wallets and stashed away at home likely contributed to the increased value of currency in circulation.
The Future of ATMS Keeps Getting Brighter
May 17, 2023
As banks adjust to the post-pandemic world they are discovering ATMs are a solution that is packed with potential for helping customers with a variety of banking needs on their own time and terms. Including younger customers.
Rochester Test API Connection With Minneapolis Federal Reserve, Moving Forward on the Path to Cash Visibility Adoption
March 1, 2023
As an active participant in the Federal Reserve’s E-Manifest Readiness Program, Rochester was honored to be the first Cash-In-Transit to test the API connection with the Minneapolis Federal Reserve Bank.
Cash Visibility Is Becoming A Reality
February 1, 2023
In the last five years, Cash Visibility has gone from concept to reality. By tapping into supply chain logistics and best practices, the Federal Reserve created an approach that uses scanning technology to track cash shipments throughout the supply chain. This not only improves efficiency, but also establishes industry standards that yield benefits to all cash supply participants.
Smart Safes& Cash Recyclers Contribute to Anticipated Growth in Cash Logistics Market
January 20, 2023
Rochester began working with these types of cash management solutions nearly 15 years ago. However, within the last few years Rochester has seen the number of smart safes and recyclers in its footprint increase significantly.
