ICCOS: The Currency CycleThe next ICCOS will be held at the landmark Drake Hotel in Chicago, Illinois, March 22 through 25, 2009.
The International Commercial Cash Operations Seminar (ICCOS) is the premier forum for banks, armored carriers/CITs, cash processors, casinos, retailers, and federal authorities - each with a critical part to play in the currency cycle - to discuss key issues currently affecting the industry and share best-practice methodologies. If you are the cash operations executive for one of these organizations, you should be making plans now to attend!
Critical issues and trends currently impacting the currency supply chain will be discussed in the daily general sessions and innovative solutions presented. In addition to the Seminar sessions, Sponsor Exhibits will be available for viewing throughout the event and Sponsor Breakout Meetings will be held during the afternoons on Monday and Tuesday. ICCOS is not a trade show, but an educational forum and an excellent networking venue.
Delegate registration will be available beginning July 1, 2008 with an early registration fee discount through December 22, 2008. Special pricing for Sponsorship packages (including booth) is available through June 30, 2008.
We look forward to seeing you in Chicago!
The most recent ICCOS, held in September 2007, was another great success as recapped in the following article published in the September issue of Currency News:
"This year’s International Commercial Cash Operations Seminar (ICCOS) that took place in Las Vegas from September 23-26 was the largest yet in the event’s history – attracting over 230 delegates from 19 countries and more than double the number of sponsors. Although it has traditionally been viewed as a US-centric event, the spread of delegates from around the world and the topics under discussions are positioning this as the first global conference for cash distribution and circulation.
The theme of the conference was ‘The Currency Cycle’ and, given its location, there was a particular emphasis on the gaming and entertainment sectors. There were, for example, presentations from both casinos and vendors on cash processing options for casinos, cash acceptance performance compared with the retail sector and moving cash within the casino environment.
With the Fed now charging cross-shipping fees as part of its Recirculation Policy, this was obviously a highly topical subject. John Moore, Barbara Bennett and Roland Costa, all from the Federal Reserve, spoke respectively on the cash services infrastructure review, the impact of the policy on fitness and counterfeits and the Fed’s support of vendors as the policy takes effects.
From the FI perspective, there were presentations from both JP Morgan Chase and the Union Bank of California on realigning cash models to minimise and even get rid of cross-shipping fees by the end of this year – demonstrating that the Fed’s policy appears to be working. Michael Lambert from the Federal Board spoke about the new $5 note. Larry Felix of the BEP also spoke about the new $5, and about the search for innovative features for future US currency. Cash processing was the third key element of the programme, with presentations on alternative models when managing networks spread over 6,000 miles, on the new cash processing JV in the Netherlands and on creating economies of scale."
And lastly there were presentations from the retail industry with Disney World explaining how they had streamlined their cash by using currency recyclers, Tidel showing how to eliminate employee theft in a retail environment and Rent-a-Center explaining how they are serving the under-banked market. The next ICCOS will be held in the spring of 2009."
