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’. 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. For further information, refer also to the related Blog published in April 2013 with the launch of a three-month public consultation on this document (see ‘related links’ below).
Following this public consultation, the has worked to incorporate input from 13 parties representing various stakeholders active in the commercial cash cycles. The updated version 2.0 of the document ‘Improving the Efficiency of the Handling of Cash - Cash Cycle Models’ was published in December 2013.
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