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Cash360 Application

In 2008, OCS Cash Management Solutions and G4S Cash Security business joined in an adventure to write a piece of software to improve the cash handling process of the retail business sector. The result of this journey, is the Cash360 application which is today live in many countries supporting multi-currencies and languages and it is constantly evolving to suit the markets and customer needs.

Please listen to an extract of a recent BBC Radio 4 – The Bottom Line programme where the G4S Chief Executive Officer refers to OCS (the  innovative people) and also explains the cash management process handled by the Cash360 application.

To listen to the full radio episode, please refer to link: www.bbc.co.uk/programmes/b006sz6t/episodes/downloads.

For more information on the Cash360 application and/or on cash management processes, please do not hesitate to contact us.

OLD £1 COIN VALID UNTIL 15th OCT 2017

From 11:59 pm on October 15, retailers have no obligation to accept the old £1 coins.

Any unspent £1 coins after October 16, can be banked or taken to a Post Office. Donate them is also a good idea. But please be aware that the exchange arrangement is a temporary option so better to exchange the coins now to avoid not being able to in future.

What if you are given back an old £1 coin?

If you’re still being handed back the old £1 coin, you have the right to ask the cashier to give you the new £1 coin, if they have any instead, but retailers don’t have to comply with your request.

 

NEW £10 POLYMER NOTE TO BE ISSUED IN SEP 2017

The Bank of England will be issuing the new £10 polymer note in September 2017. The new note will be 132 mm x 69 mm and it will feature the great writer, Jane Austen.

The Bank decision to move to the new banknotes was taken based on a work with a wide range of stakeholders in the cash industry. The Bank is aware of the challenges to adapt to smaller notes but is committed to working collaboratively with business to support a smooth transition.

To find out if your cash handling machine manufacturer is getting ready for the new £10 note please click on the link below:

 http://www.bankofengland.co.uk/banknotes/polymer/Documents/manufacturers.pdf

£5 PAPER NOTE OUT OF CIRCULATION ON 5TH MAY

Be aware that the paper £5 note will be accepted until 5th May 2017. Retailers are compelled to accept them until this date and after that the paper note can be exchanged only at Bank of England in person or by post.  See Paper £5 Withdrawal Poster by Bank of England.

For more information, click here.

NEW £1 COIN AVAILABLE

As you are aware, the new £1 coin will be available to all from 28th March 2017. Apparently, the new 12-sided coin is considered the safest coin in the world as the current round one has been proven easily to fake. People has been advised to use the present £1 coin until 15th October 2017 and business handling coins should have contacted their equipment suppliers by now for any hardware change needed.

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NEW EURO BANKNOTES

As you know, there is a new series of Euro banknotes.

The new banknotes are called Europa because two of their security features containing a portrait of Europa – a figure from Greek mythology and the origin of the name of our continent. The new series have currently released the new €5, €10 and €20 notes into circulation and the new €50 Euro note will be available soon in April 2017.

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RETAIL BUSINESS TECHNOLOGY EXPO 2017

OCS Cash Management Solutions will be visiting the Retail Business Technology Expo on 8th and 9th May 2017. Two of our partners are some of the exhibitors for this year. Don’t miss the change to visit the Europe’s Retail fastest growing market, hope to see you there!

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