Street Data

ALVARA AG and CashEDI take ride on Leipzig the industry’s interest is growing. The specialised procedure CashEDI of the German Central Bank, as well as to tailor-made services of ALVARA cash management group AG, at banks, savings banks, value service providers and trading companies are increasingly gaining confidant. The ALVARA AG achieved various successful launches over the last few weeks. So, the first collective deposit of the CashEDI specialised procedure was performed in Lubeck with a cash and runs since then in the productive environment. The money processing software used by CMS cash management systems GmbH sends the relevant deposit data to the ALVARA to AG. Within the online platform ALVARA ICC automated processes to convert the incoming data to the CashEDI format and transferred them to the Deutsche Bundesbank.

The Leipziger ALVARA cash management group company is the first certified company for the CashEDI specialised procedure. There was a further successful start in Leipzig. There, a large Swedish furniture store announced the deposit data for P containers every day itself. Via the online platform ALVARA ICC, to collect the appropriate data and about the technical procedure, CashEDI delivered to the Deutsche Bundesbank. The competent cash is responsible only for the transport request in this case, because the German customer funds at low cost is one from Bundesbank and recorded. That the new procedures not only in Germany will have a success, one sees at the latest since the world’s largest computer trade fair CeBIT 2008 in Hanover. The exchange of information with other European banks and institutions has increased and will help in the coming years, that in other countries the electronic exchange of data is hold.

The online platform ALVARA ICC architecture is well prepared for this extension. Through the software technology of ALVARA AG it will be banks and trading companies, their data and the physical history of money across national borders to track. The next stage of the Online platform ALVARA ICC is already in the test stage. With the new advanced functionality, a full picture of the machine connection is possible. Because not only Safebags and P containers include the cash cycle, but also money depositors, coin Exchange and automatic teller machines. Contact: ALVARA cash management group Street 18 04103 Leipzig Tel.: + 49 (0) 341 / 98-990-200 fax: + 49 (0) 341 / 99 25-109 E-Mail: Internet: contact person: Jana Heinrich to ALVARA ALVARA Management Group AG is a new service provider in the area of cash management. Competent specialists with extensive experience in the industry founded the company with the aim to provide better security for all market participants through transparency and greater efficiency through independence. They share their extensive expertise in the coordination and processing of cash transfers, to analyze the causes of the existing security gaps and subsequently an efficient and risk-free solution for everyone to develop.

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