Before handing over the latest issue of our Newsletter, I would like to
take this opportunity to thank you for your good cooperation during last
year and all fruitful discussions we had. Every achievement we had
during 2011 is the outcome of hard work and numerous meetings of our
Working Groups sharing their expert knowledge with the association. The
success has been of benefit to the whole CIT industry. Furthermore, we
have strengthened relations with the European institutions and with
important stakeholders in Brussels. ESTA membership is continuously
growing, and ESTA today counts 145 members out of which 77 are
effective, 56 adherent, 8 associate and 4 corresponding.
I am looking forward to working with you again next year and believe that there will be plenty of challenges.
Let me wish you a Merry Christmas and a prosperous & happy New Year 2012!
ESTA Secretary General
ESTA Annual Conference 2012
Next years’ conference will take place in the Sheraton Bratislava Hotel in Slovakia on 10-12 June.
The ESTA Board of Directors is currently drawing up a two-day program to
meet its members’ expectations of a high level business conference. The
main topics on next years’ agenda are; European cash cycle models, EU
legislation challenging the CIT industry and security issues.
The online conference registration opens at the end of January on www.esta-cash.eu
The exact date of the opening of the online registration will be announced by a separate mailling.
Bratislava stretches over both banks of the Danube River and at the foot
of the mountains of Small Carpathians. The city is not only a place of
history, culture, delicious gastronomy and wine but also a city where
you can relax, do luxurious shopping and have a great time. There will
obviously be a Partners’ Program organized!
Let the ESTA conference be an opportunity to combine a city trip with
the unique chance to meet business partners and to stay on top of
The Cross Border regulation
The Cross Border Regulation has now been published in the Official
Journal of the EU on November 29, 2011 and is immediately binding. The
legislation provides for a one year transitional period. During the
transitional period, the CIT companies wishing to operate cross border
need to qualify and then apply to their national licensing authorities
for a license. Remember that the Community license will be compulsory as
of 29/11/2012 for those of you who want to transport euros in cash by
road between member states whose currency is the euro.
The Payment Services Directive
This Directive is coming up for review on November 1, 2012 and the
European Commission has recently published its roadmap. In the roadmap,
the Commission outlines the possibility of extending the scope of the
Directive to the following: payment transactions not yet covered and to
revise it in order to encompass low value payment instruments and
You will remember that cash was part of the negative scope of the
Directive and not addressed, but the Commission is also considering
reducing the number of payment transactions currently explicitly
excluded from this Directive..
Once the review is finished, stakeholders and experts in the area of payments will be consulted on their proposals for changes.
Cash in circulation (ECB)
Latest information published by the European Central Bank shows that cash continues to grow:
The number of Euro notes in circulation at the end of Q3 2011 stood at
14,314 million, with a value of €857.3 billion, an increase of 0,6%,
respectively 1,2% since Q2 2011 and viewed between Q1 and Q2, an
increase of 4,18% and 2,76% respectively.
In Q3 the total number of Euro coins in circulation grew to 96,747
million, while their value rose to €22,894 million, a slight increase of
1,14% and 0,6% respectively since Q2 2011. The increase during the
first half of 2011 was slightly higher, whereby the total number of Euro
coins in circulation grew with 1,9% and their value rose with 1,86%
comparing Q1 with Q2.
The trend shows a general increase in numbers during 2011 with the largest growth in Q2.
Click on graph to access detailed information on the low and high denomination euro coins
To access detailed information on the low and high denomination euro coins euro, click on graph
To access detailed information on the low and high denomination euro banknotes, click on graph
New ESTA members:
VARNOST MARIBOR d.d
., Slovenia LINK TO
G4S Cash Solutions (South Africa) (Pty)
, South Africa
New ESTA Office and phone number
ESTA moved offices in October. Take note of the new address and phone number!
Rond Point Schuman 6 - B5, Brussels, 1040, Belgium
Tel: +32(0)2 234 78 20
E-mail and website addresses remain unchanged: email@example.com
Retail Payment Services – The Citizen’s Right to Choose?
On 8 November 2011 the European Foundation for Financial Inclusion
(EUFFI) held a breakfast roundtable in the European Parliament in
Brussels entitled ‘Retail Payment Services in the EU - the Citizen’s
right to choose?’
Jim Murray, former Director of the European Consumers Organisation and
moderator of the discussion, highlighted the issue of financial
inclusion in Europe, explaining that a large number of EU citizens are
not able to fully participate in society due to denied or restricted
access to financial services, and that the lack of access to financial
services penalises in particular the poor and elderly.
Mr Farid Aliyev of BEUC, the European Consumers’ Association stated
that, “Cash is one choice among many, and is especially important for
financially excluded people. That’s why we don’t see any good reason for
phasing out cash. There is no viable alternative to cash which is
available to all consumers, “
Miriam Harkin, MEP said that in the EU the availability of essential
payment services is neither ensured by payment service providers nor
guaranteed by all EU member states. This raises serious concerns about
financial inclusion in Europe, which urgently needs to be addressed.
Mr Rüdiger Voss (DG ECFIN, European Commission) explained that while the
number of means of payment is increasing, that is, cash, debit cards,
proton, and credit cards, the worrying tendency in the euro zone is
towards a cashless economy. DG ECFIN is looking into the protection of
the euro currency, although legislating is difficult.
Representatives of the European Consumers’ Organisation and Age Platform
Europe pushed for recognition of the need for universal bank accounts
and easy access to financial services for all. Jim Murray concluded the
discussion saying that there is a need to tackle issues on retail
payment in the European Parliament and for more focus on the real needs
of people in future EU policy-making.
In the news
EURICPA organised the first European conference on stained banknotes
EURICPA (European Intelligent Cash Protection Association
held the first European conference on “the stained banknote cycle” in
Brussels on Tuesday 8 November 2011. Criminal attempts to recycle
stained banknotes require a response in the entire communication and
security system for the transport and storage of cash in Europe. In a
bid to boost communication on stained banknotes, in November 2011 the
European Commission launched a communication campaign on the theme of “a
stained banknote is probably a stolen banknote”. The efforts of
European police forces to combat organized crime and attempts to
circulate banknotes stolen in other member states rely on the ability to
identify any stained stolen banknotes recovered. The introduction of a
European database of ink dyes and stained banknotes, developed by the
French Institut National de Police Scientifique (INPS) in collaboration
with the European Network of Forensic Science Institutes (ENFSI), is a
major step in this direction.
Automatic Teller Machine (ATM) Market booms in the Asia-Pacific
Rapid growth in demand for new ATMs in the Asia-Pacific and Latin
American markets is offsetting a decline the mature markets of the US
and Europe, says Retail Banking Research, (RBR) , a London-based
research and consulting company.
Growth in the number of ATMs in 2010, by Region
Deployers in the Asia-Pacific installed over 100, 000 new ATMs in 2010,
the highest ever figure for any region. Half of this growth came from
China, where installers were motivated by a 50 % increase in the volume
of cash withdrawals. Another 30% came from India, Indonesia, South Korea
and Thailand. In Latin America, Brazil amounted to two thirds of the
region’s new installations, deployed by only two major players: Banco do
Brasil and TecBan.
Number of ATMs 2006-2016
Strong demand for ATM cash withdrawals will remain one of the major
drivers of ATM growth for the future. RBR expects the global installed
base of ATMs to increase by 42%, to 3.2 million terminals by 2016. The
ATM markets of the Asia-Pacific, Central and Eastern Europe and the
Middle East and Africa are predicted by RBR to expand significantly
faster than other regions. They are also anticipating higher growth in
ATM cash withdrawals, expecting them to double between 2010 and 2016.
RBR has just published a full study, “Global ATM Market and Forecasts to