Kal cash & evaluation services among the founding members of food/Frankfurt a.M. The Federal Association of German monetary and value services e. V. (BDGW) celebrates on today Monday, November 30, its 20th anniversary. The anniversary is celebrated with a ceremony at the Frankfurt Romer.
We congratulate the leaders and wish them every success for the future”, explains Friedrich p. Kotter, Managing Director of Kal cash & evaluation services. The company counts to the BDGW founding members and was one of the predecessor already Trade Association of money and cash in transit companies e.V. “. Today, the BDGW has 42 ordinary and 31 associate member companies related to the money – and value range. The turnover of the industry approximately 500 million euros, where the BDGW member companies have 70 percent market share this year.
Some 8,000 people are employed in the industry. While the customers benefit from the fact that Germany the safest money and valuables transports in Europe has. Here the investment of the Member companies in the security of the infrastructure and the training of employees pay off”, so Frederick p. Kakar, who is also Deputy Chairman of BDGW. These standards are permanently only to ensure market prices. “Therefore are also the principal obligation: you must consider the needs and feasibility of the respective order, so even questioning whether the required performance at this price at all is feasible.” In addition, the industry faces significant challenges. So the money and cash will assume in the future an extended responsibility for cash handling after approved by the Bundesbank reducing of their branches and tasks. The Federal Reserve seeks to edit in the future only still accounted for 50 percent of the circulating cash. Private service providers could then also the request for permission at the Federal Institute for financial services supervision (BFin) make proper check on authenticity of banknotes and Quality without direct involvement of the Federal Bank itself back into circulation. Taking these extended tasks linked to a comprehensive certification process, as it is from the early November in force which entered payment service supervision Act (ZAG) results. It provides inter alia that money and cash can take over the Cashrecycling, unless they have an authorisation as a payment institution by the BAFin. Admission is linked among other things to a certain ratio equity, adequate technical facilities and an accounting, which focuses on the banks. A glance in the European countries shows that in other countries the Cashrecycling already is put in the hands of private service providers, such as in Italy. Overlooking the economic cycle an importance today the money & value service providers but also in Germany. In particular as a partner of banks and trading companies such as KAKAR offer a wide spectrum of money & evaluation services. This ranges from CIT about cash processing to vending machine service. The Kal group emerges from a security company founded 75 years ago. The business areas span of human safety and safety engineering cleaning and personal services to the building management. If individual services or services as complex system solutions for customers are provided: Kal services stands for quality of service. The systems service provider is represented with more than 85 offices in over 50 locations in Germany and achieved a group turnover of 280 million in 2008 with its nationwide 12,400 employees. More information is available in the Internet under: