TSYS Offers Advice for Banks in Emerging Markets
TSYS, aka Total Systems Services, has published a white paper entitled
‘Improving ATM Cash Planning: Using Economic Indicators to Increase Profitability’
. The group is the largest processor of merchant acquirers and bank credit card issuers in the US.
The paper addresses why typical cash planning measures for banks in emerging markets (EMs) that have automated teller machine (ATM) networks dispensing multiple currencies – such as Russia and the CIS – facilitate either poor service or gross expenses of excessive cash inventory.
The paper also suggests by learning to incorporate economic indicators that can help banks reduce the risks associated with disruptive economic events, ATM network owners can increase customer service levels while simultaneously minimising the cost of carrying extra cash levels.
“The next few years hold massive potential and opportunities for Russia, the CIS region and other emerging and transitional markets,” said Andrei Povarov, deputy director general of Moscow for TSYS International.
“At the heart of maximising ATM profitability is innovation, including new concepts for improving cash management, optimising profitability and minimising exposure to external shock factors.”
The white paper is available for download at: www.tsys.com/ATMCashPlanningwhitepaper.