A respected, security professional posed a theoretical question to me recently regarding ideas on how to provide protection for the integrity of his staff.
If you ask the First National Bank of Boston-they'll tell you Proof and Transit are VERY important-$90,000 worth at a time, as a matter of fact!
Even before we get to the final schedule on Reg CC, we already have changes in the works.
But anyone who works in Return Items already knows that Reg CC is not working!
With over 70,000 ATMs in operation today, and "new" money costing about three cents per note, it is very costly to destroy notes that still have "life" in them and replace them with new notes.
How can we "send money" without mailing a check? We are used to our ATMs, and we've all grown used to "instant cash" when we need it.