Elisabeth is responsible for ensuring an effective, resilient and sustainable UK wholesale cash infrastructure in the face of declining cash volumes, to safeguard access to cash into the future. Prior to joining Notes, she held a range of policy and supervision roles across the Bank and the Prudential Regulation Authority.

The Bank of England is the UK's central bank. Its mission is to deliver monetary and financial stability. Notes Directorate contributes to the Bank’s role of maintaining confidence in the currency by providing high-quality banknotes and ensuring an effective, resilient and sustainable wholesale cash distribution system.

Ensuring a resilient wholesale cash infrastructure in a changing cash landscape

Diederik is Head of Innovation and Payments at ESBG.  Amongst other positions he has, he is also chair of the Cash Efficiency Working Group of the European Payments Council (EPC) and he was co-chair of the Euro Retail Payments Board (ERPB) working group on access to and acceptance of cash.

ESBG represents the locally focused European banking sector, helping savings and retail banks in 18 European countries strengthen their unique approach that focuses on providing service to local communities and boosting SMEs. The 885 member banks have total assets of €5.7 trillion, and serve 162 million Europeans seeking retail banking services.

Developments in the European Cash cycle - an overview

In Q2 2023, an EU legislative proposal on Legal Tender for cash is expected. Apart from codifying existing jurisprudence related to acceptance of cash, the proposal will likely also contain some wording access to cash. Those two topics, acces to and acceptance of cash, were also addressed by a working group of the Euro Retail Payments Board (ERPB) that Mr Bruggink co-chaired. He will shed some light on these developments.
 

Eliana has been conducting research and data analysis on payment behavior, payment statistics, access to cash, and CBDC in the Directorate Banknotes - Issue and Circulation Section. The section analyses the use of cash and carries out research to ensure that cash remains widely available and accepted both as a competitive means of payment and store of value. She holds a Master of Science in Economics from the University of Heidelberg.

European Central Bank

Study on the payment attitudes of consumers in the euro area (SPACE) - a look at the payment landscape in 2022

Understanding how the payment landscape changes and how people in the euro area pay for products and services is of paramount importance to the Eurosystem. Taken from the second Study on the payment attitudes of consumers in the euro area (SPACE), this presentation will shed insight on the payment behaviour and preferences of consumers in the euro area in 2022. While the move towards cashless payments continues, cash still plays an important role. The presentation will highlight recent developments in both online and point-of-sale payment methods. Furthermore, the presentation will convey important messages about the availability and acceptance of various payment methods.
 

Mr. Hermans is a member of the executive committee of the National Bank of Belgium. He is responsible for the surveillance of market infrastructures, payment services and cyber risks, as well as cash operations and the IT-department. He's member of the Committee for Payments and Market Infrastructures (BIS), Chair of the Belgian National Retails Payments Committee, member of the High Council of Finance and vice-chairman of the Belgian National Council for Productivity.

National Bank of Belgium is the central bank of Belgium.

Keynote address

Barbara has been working at Narodowy Bank Polski (NBP) for eight years. She began work at Poland’s central bank as Deputy Director of Cash and Issue Department, where she currently holds the position of Director. During her work for the central bank she was involved in the introduction of a new series of circulation banknotes and coins, the change of denominational structure, and the introduction of new regulations regarding cooperation with the cash market. Before she joined the central bank, for seven years she had held the position of Sales Director at the Mint of Poland. The professional experience gained at the central bank and the mint allowed her to optimise many processes along the supply chains. She is the chairwoman of the Polish Cash Circulation Council and is active in the NBP and Polish Security Printing Works research and development group, which was established on her own initiative. She specialises in product development, and in addition to cash management, she is also responsible for collector values issued by NBP. She is considered an expert in this field in Poland. She graduated from the University of Szczecin and completed postgraduate studies at the Faculty of Management of the University of Warsaw.

Narodowy Bank Polski (NBP) is the National Bank of Poland.

Hryvna Exchange Scheme for Ukrainian refugees – a unique case study of central bank cooperation

More than 30 years of experience in security printing at DLR Giori, then KBA-NotaSys. 12 years as Instructor, then responsible for the Instructor's group, for the training, the manufacturing, FIT, and the acceptance, FAT of all Security machines for KBA-NotaSys.Since 2018 Founder and Managing Director of Seprinto SA. This new challenge is a wonderful way to share my passion for security printing. 

Seprinto & Partners offers a wide range of products, alternative solutions, tailor-made training and security printers apprenticeships or the Seprinto Academy, specific training for a deep understanding of the process.We are always looking for innovative, ecological and economical solutions such as overhauling and modernising machines and keeping the machine park in perfect working order or reducing errors through in-line quality control during production.

Immersion Session: The role of HR in a successful organization

 

Guillaume Lepecq is a globally recognized expert in the subjects of payments and cash. Working primarily as a consultant over the last fifteen years, Guillaume was appointed Chair of the CashEssentials Think Tank in February 2019. Guillaume has specialized particularly in retail transactions, including both cash and electronic payments.

CashEssentials is as an independent initiative, which aims at offering a platform for debate about the payments and monetary ecosystems, to conduct and foster high-quality research on cash and its future.

 

The role of cash in the future monetary landscape

What will money look like in 2050? What institutions - if any - will issue it? How will we store and measure value? How will we settle transactions? Will cash play a role? A Futures literacy Lab hosted by CashEssentials and the UNESCO Chair for the Future of Finance, provides tools to imagine a monetary landscape, which promotes social and technological innovation. The future monetary landscape needs to improve inclusion, increase sustainability, reinforce resilience, and protect privacy and civil liberties. Cash offers different answers: the cash community needs to take a leadership role to design the cash of the future.

Gianluca graduated in Political Economy, with honors, at Sapienza University of Rome in 2009. He is currently advisor in currency circulation management division of the Currency Circulation Management Directorate. He has been working at Banca d’Italia since 2010 in the cash management concerning requirements estimation and monitoring. As member of ECBs Banknotes Requirements Expert Group, he is in charge of reviewing the draft production requirements as well as the medium-term outlook for the requirements for the following three years.

Banca d'Italia is the central bank of Italy.

Panel discussion : Contingency & crisis management

Crises are the new normal. They seem to occur at ever shorter intervals and are intensified by various factors, e.g. globalization.

More than ever, central banks need to be prepared for crises. But how should this be done? What measures make sense, what concessions should be made, and what are the costs of protecting against crises.

These questions will be debated in this panel discussion.

Patrizia has over 30 years of significant experience in security printing as Sales & Business Developer, 15 of which in the family company Mantegazza Antonio Arti Grafiche, which specializes in security features, particularly threads and holograms for banknotes. After the sale of the company in 2004 to Fedrigoni Group, a constant commitment as a consultant for developing strategic relationships and opportunities worldwide.  Collaborations with Fabriano Securities, Cattaneo Security, Ormag, ECB.

Seprinto & Partners offers a wide range of products, alternative solutions, tailor-made training and security printers apprenticeships or the Seprinto Academy, specific training for a deep understanding of the process.We are always looking for innovative, ecological and economical solutions such as overhauling and modernising machines and keeping the machine park in perfect working order or reducing errors through in-line quality control during production.

Presentation title to be announced soon

Leonardo graduated in 2007 at the University of Catania as automation engineer and in 2012 accomplished a Ph.D study at the Technical University of Dresden. After a three-years research experience at the Italian National Research Council, he is actually a project manager in the R&D group of PARVIS in Milan

PARVIS is the market leader, in the high security printing industry, for MES, track and trace and quality measurement systems. The company, that next year will celebrate 25 years of activity, has been constantly growing and today has installations in more than 30 coutries worldwide.

UV feature characteristics measurement in banknote production

The presentation will speak about the importance of keeping security feature parameters under control during banknote printing. In particular, the presentation will focus on measurement of various characteristics of UV stimulated emitters, like special inks and banknote substrate. PARVIS will also present ist recently released device, named UVision, capable of providing accurate measurements in laboratory environment or near the printing line.

Bank of Korea is the central bank of South Korea.

Panel discussion : Contingency & crisis management

Crises are the new normal. They seem to occur at ever shorter intervals and are intensified by various factors, e.g. globalization.

More than ever, central banks need to be prepared for crises. But how should this be done? What measures make sense, what concessions should be made, and what are the costs of protecting against crises.

These questions will be debated in this panel discussion.

Dr. Michel Popovic holds a Ph.D. in Electronics. He worked as R&D engineer at Centralp Automatismes for 10 years.  After co-founding IN-CORE Systèmes in 1998, he moved to sales and management responsabilities. In his current position, Michel is in charge of new and innovative inspection solutions for fiduciary applications.

IN-CORE Systèmes is a Front-line player in banknotes and passport production. Involved in ultra-security paper inspection since 2003. The inspection systems have allowed manufacturers to manage more efficiently quality standards, waste reduction and optimal yield. The system guarantees 100% production monitoring, through continuous control and global traceability at each process step.

Ensuring quality: operational challenges and the need for advanced inspection solutions

Ever more efficient machines are producing ever larger quantities of banknotes. To ensure a consistently high quality of banknotes, quality assurance processes and equipment must keep pace with these developments. What are the challenges that arise in this context? What solutions are available? This presentation discusses these questions and shows possible solutions.

Paolo has graduated in aerospace engineering in Milano and just after graduation worked as a project manager in the military aircraft industry. After a 5 years experience in international sales in the mechanical industry, he joined PARVIS in 2016 to manage the increasing sales and marketing activities of the company.

PARVIS is the market leader, in the high security printing industry, for MES, track and trace and quality measurement systems. The company, which will celebrate its 25th anniversary next year, has been constantly growing and today has installations in more than 30 coutries worldwide.

Digitalization in modern printing works

The presentation will examine the digitalization in modern printing works and how to make good use of all the data generated and collected during the printing process. In order to obtain the best results, it is key to design an IT architecture as clean as possible, where every component is located and designed in the correct way. Track & Trace, MES, ERP and all the other systems used for production should exchange data efficiently to provide decision makers with the information they need to improve the overall production efficiency.

Professional with more than 20 years of proven experience in team management, working in multinational, multicultural and complex industrial environments. Productivity increases and cost reductions across different business.

Valora, S.A. is a banknote printing works fully owned by Banco de Portugal. It has operated in Banco de Portugal’s premises in Carregado since 1999, the year it started production. Valora produces the share of euro banknotes allocated to Banco de Portugal by the Eurosystem.

The Printer Forum

« The Printer Forum » is a platform created for security printers to discuss production-related topics in a private setting. By sharing experiences and new ideas, an inspiring environment is created that helps participants gain new insights and turn them into action.

Please note that access to « The Printer Forum » is granted only to representatives of state printing works and World Banknote Summit partners operating a printing plant.

Dr. Schabauer has an engineering diploma and a doctorate in Chemical and Process Engineering from the Vienna University of Technology. He started his professional career in 2004, working in design and commissioning of special purpose machinery and chemical plants. Since 2008 his focus shifted increasingly to research activities in the areas of gasification of solid residues from wastewater treatment, thermal utilization of residual fuels, industrial wastewater and sludge treatment, and energy recovery projects. In 2014 he took responsibility for WTG‘s R&D activities such as the continuous improvement of the ultrafiltration technology or the development of their spray drier system.

WTG Water Treatment GmbH is an Austrian company, market leader in ultrafiltration plants for the treatment of intaglio effluents. The company has been successfully serving the high security printing sector since 2012. Furthermore, it has developed a unique Spray Drier System, which allows to reduce 80% of the mass of the remaining’s in powder form.

Minimising the ecological footprint of cash - new solutions for the far end of the banknote printing process

Professor Franz Seitz teaches Economics with a special focus on Monetary Policy and Financial Markets at Weiden Technical University of Applied Sciences in Germany. He is author of numerous articles in national and international journals. His main fields of research are monetary theory and policy, financial markets as well as payments markets, especially cash in circulation. For many years now, Professor Seitz is acting as a consultant in different projects for central banks, commercial banks and financial as well as non-financial corporations.

AThe Ostbayerische Technische Hochschule Amberg-Weiden (OTH – Technical University of Applied Sciences) is located in the Upper Palatinate, an administrative district of the federal state of Bavaria. It is home to four departments on two campuses in Amberg and Weiden, respectively, about 40 kilometers apart. It has approximately 3,500 students and an academic staff of 83.

 

Stability in an uncertain world: The case for cash

A comparison of the Great Depression and the Great Recession shows the devastating effects of a severe monetary contraction and how the provision of cash can help to avoid such a situation. Interesting similarities are found in two case studies, one on the demonetization in India and the other on cash supply during various crises in Greece. Our conclusion is that, as there is no perfect substitute for cash due to its unique properties, an efficient payment mix necessarily includes cash. Consequently, it should be the task of central banks to ensure that cash remains in circulation in normal times and is provided in a fully elastic way in times of crisis.

Radosław Śliwa has more than 10 years of experience in international business and consulting. Has lived and worked in different places of Spanish speaking part of the world. Throughout his professional career, develop and established commercial relations with Latin American and European clients. Since the beginning of 2017 in Polish Security Printing Works PWPW SA, as International Sales Manager, responsible of PWPW presence on Latin America markets and developing more secure environment with its proper solutions.   

Since 1919 PWPW has been implementing projects, which are strategic for a state security and its citizens. The company offers security products of the highest global quality, solutions that are commonly used both by domestic and foreign customers.The products include banknotes, documents, stamps, cards and IT systems, so the company can provide comprehensive, end-to-end solutions to its customers.A modern machinery park, own paper mill, design studio, printing house, personalization centre, electronic certification centre, R&D unit and skilled IT personnel - all these areas of PWPW activity contribute to its excellence in trust and security services. The company executes contracts for governmental institutions. PWPW products are present in Europe, Asia, Africa and the Americas.

Durability and Security 4Notes The presentation will guide the viewers through PWPW's own solutions in the field of durability of substrates and banknote security.The use of an appropriate substrate has a positive effect on the life of the banknotes in circulation, while properly selected security elements protect the banknote against counterfeiting, making it at the same time visually attractive and keeping the production cost at a reasonable level.

Apart from PWPW in-house solutions the presentation will show three examples of PWPW cooperation with innovations of its international partners in the industry.

Matthias Uhl holds a doctorate in economics from the University of Marburg and joined the Bundesbank's cash department in 2015. He is responsible for the economic analysis of cash as well as cash communication. His work has been published in Bundesbank publications, conference proceedings and international peer-reviewed scientific journals.

Deutsche Bundesbank is the central bank of Germany.

Access to cash in Germany

Our freedom to choose how to pay depends upon cash being widely accessible. Against this background, the presentation gives an overview on the availability of cash in Germany, using results of a population survey as well as data on the geographical distribution of cash access points. Access to cash is currently guaranteed in Germany. However, cash will only remain a widely used and attractive means of payment and store of value if central banks and credit institutions continue to provide adequate cash services.

Author of the 2021 white paper Cash: A Roadmap to Sustainability' and 2022  paper 'What Goes Round Comes Round' on re-purposing unfit cotton banknotes.  Director of the 2022 Cash & Payments Sustainability Forum.  Editor of Cash & Payment News looking at payment developments and their impact on cash.

Reconnaissance International is the leading provider of publications, events and services to the Currency, optical and digital document security, personal identification, authentication and brand protection industries.  Currency News is a media partner to the World Banknote Summit.

  Beyond greenwashing to save the planet

What and how to measure environmental impacts, the power of procurement, improving the cash cycle and re-purposing unfit banknotes. Four areas for focus by the banknote community to make a difference. Practical lessons learned at the Cash & Payments Sustainabilty Forum December 2022.