Ensuring cash supplies in crisis and emergency situations

The demand for cash increases in times of crisis since many people consider banknotes and coins to be a particularly safe way to keep money. Moreover, cash is the only instrument of payment that is largely independent of a technical infrastructure. It is therefore essential that, during a crisis, people can access cash, particularly when other—electronic—means of payment might not be available or only to a limited extent. This is why researchers at the Fraunhofer Institute for Integrated Circuits IIS are working closely with partners to develop a security framework that can be implemented during emergencies and crises. It specifically aims to further secure the work processes of cash management companies.

This article was originally published on this website.