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CHICAGO ~ The Federal Reserve System's FedCash® Services has announced the broad availability of its new E-Manifest Service to all financial institution customers of the Federal Reserve Banks and their servicing armored carriers. This milestone announcement is part of the Federal Reserve's commitment to advancing Cash Visibility and adoption of GS1 Standards for cash supply chain logistics and package tracking.
The E-Manifest Service enables financial institutions and armored carriers that work directly with the Federal Reserve to electronically process currency deposits and orders at Federal Reserve docks. This replaces the manual process of matching paper manifests for deposits and orders at Federal Reserve docks with a technology that enables scanning and an electronic exchange of data.
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Kathleen Young, executive vice president and chief of FedCash Services, said "We are encouraged by the strong collaboration with industry partners, including our early adopters, to implement the E-Manifest Service, which is essential to building a resilient and modern cash supply chain that can meet public demand."
The FedCash E-Manifest Service supports the movement toward Cash Visibility by providing numerous benefits such as improved resiliency, accelerated dock exchanges, more efficient reconciliation, less dependency on paper and future automation opportunities. The Federal Reserve encourages armored carriers and financial institutions across the country to adopt this service by completing an expression of interest form on FRBservices.org®. More information is available on the Federal Reserve Financial Services website.
The E-Manifest Service enables financial institutions and armored carriers that work directly with the Federal Reserve to electronically process currency deposits and orders at Federal Reserve docks. This replaces the manual process of matching paper manifests for deposits and orders at Federal Reserve docks with a technology that enables scanning and an electronic exchange of data.
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Kathleen Young, executive vice president and chief of FedCash Services, said "We are encouraged by the strong collaboration with industry partners, including our early adopters, to implement the E-Manifest Service, which is essential to building a resilient and modern cash supply chain that can meet public demand."
The FedCash E-Manifest Service supports the movement toward Cash Visibility by providing numerous benefits such as improved resiliency, accelerated dock exchanges, more efficient reconciliation, less dependency on paper and future automation opportunities. The Federal Reserve encourages armored carriers and financial institutions across the country to adopt this service by completing an expression of interest form on FRBservices.org®. More information is available on the Federal Reserve Financial Services website.
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