US Cash Supply Chain Gets Ready for Cash Visibility

Cash Visibility – the Federal Reserve’s program to automate the cash supply chain – is at the point of rolling out.

Cash Visibility (CV) is a multi-year, multi-phase joint industry initiative aimed at bringing greater transparency and efficiency to cash supply chain logistics by developing a framework that will identify, track, and share data about cash packages as they move between cash supply chain organisations.

The framework will replace the somewhat opaque current system, which continues to rely on paper and physical signatures to document cash package transfers between the supply chain participants.

Using supply chain logistics standards and concepts, the Federal Reserve Banks, the Cash Product Office (CPO), Cash Advisory Group (CAG), Cash Advisory Council (CAC), and GS1 US have developed CV data standards that will incorporate the use of scanning technologies with cash shipments to enable significant improvements in cash handling.