GS1 Standards for Cash Handling

Deutsche Bundesbank, Germany’s Central Bank, in 2006 has introduced CashEDI to provide access to the exchange of standardised business data for to all commercial banks, their logistic providers as well as retailers in Germany. This high security solution was developed in conjunction with GS1 Germany using GS1 eCom Standards and making full use of the GS1 Identification Keys (GTIN, GLN, GS1-128).

Other national central Banks have already shown their interest in the GS1 standards.
There is currently a great opportunity to endorse the GS1 system on a national level as the European Central Bank has officially acknowledged GS1 XML as a standard format to communicate between national central banks.

Aim 

The project goals are to inform all interested GS1 MO’s about the possibility and the detailed functionality to support cash handling processes based on GS1 standards.
By doing this, every European MO will be able to get in contact with their national central banks to lobby and endorse the GS1 standards. In this way they will benefit from new user groups such as banks and cash logistic service providers.

As a second step the project would bring together interested GS1 MO’s in order to describe and document their individual cash handling processes based on the GS1 XML standards. In this way this project will produce harmonised European solutions for the use of GS1 standards in cash handling processes.

Participants

The project is lead by GS1 Germany in close cooperation with several other MOs (Austria, Czech Republic, France, Italy, Portugal, Slovakia, Slovenia, Spain, etc.) interested.

The results of this project will help to strengthen the role of GS1 at the European central bank by delivering a solution containing a comprehensive set of harmonised guidelines, application rules and process descriptions.

The estimated timeline for this project is 2 years.

Should you have further questions, please contact the project manager i. V. Christian Przybilla, GS1 Germany, at przybilla@gs1-germany.de!

More information

CashEDI  - Brochure created by GS1 GO
GS1 Standards for Cash Handling - Leafalet created by GS1 in Europe
GS1 Standards for Cash Handling - Detailed case study created by GS1 Germany
GS1 Standards for Cash Handling - Brochure created by the GS1 in Europe working group

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