In 2010, the European Payments Council ( ) and the European Security Transport Association (ESTA) established a joint task force to identify best practice principles and, where possible, develop recommendations on how to further improve deploying and re-circulating cash in the Single Euro Payments Area. The considerations of this task force are reflected in the document 'Improving the Efficiency of the Handling of Cash - Cash Cycle Models' (see 'related files' below). The document aims to create awareness among participants in the commercial cash cycles established at national level on how to improve existing processes and reduce the overall cost of cash.
Following a three-month public consultation earlier in 2013, the has worked to incorporate input from 13 parties representing various stakeholders active in the commercial cash cycles. The updated version of the document ‘Improving the Efficiency of the Handling of Cash - Cash Cycle Models’ was published in December 2013.