The United States cash supply chain is a largely paper-based operation, reliant on manual data entry. However, financial institutions, armored carriers and other industry leaders are ready to bring cash supply chain logistics up to speed. Cash Visibility is a multi-phase joint industry initiative bringing greater transparency and efficiency to cash supply chain logistics through a framework that identifies, tracks and shares data about cash packages as they move between cash supply chain organizations.

The Cash Visibility Subcommittee and members of the Cash Advisory Council (CAC) recently shared their commitment to collaboration toward full adoption of the GS1 Standards for Cash Visibility in a statement of support (Off-site, PDF).

As part of the larger Cash Visibility initiative, the Federal Reserve announced broad availability of the FedCash^® E-Manifest Service to all financial institution customers of the Federal Reserve Banks and their servicing armored carriers in 2023. The E-Manifest Service leverages GS1 Standards to electronically process currency deposits and orders at Federal Reserve docks. It incorporates the use of scanning technologies with cash shipments, which results in significant improvements in cash handling by replacing paper-based manifests with electronic manifests.

In their statement on the GS1 website (Off-site, PDF), the Cash Visibility Subcommittee and members of the CAC encourage others in the industry to join them in building a more efficient and resilient cash supply chain. The statement declares that several members are actively adopting GS1 Standards, while all other individual organizations have committed to completing an adoption plan by the end of 2024.