Central Banking

Euro launch reaches its final phase

ARTICLE - Securitas GmbH, a German armoured-car company, has suffered only a few mishaps since it began hauling the new euro cash in September. Some workers threw out their backs lugging the 20-kilo sacks of coins. Others accidentally dropped the heavy bags on their toes.

But the hardest part about this once-in-a-lifetime job lies ahead.

Like Santa Claus, on one night, 31 December, the firm has to fill 5,000 ATMs around Germany with the new currency. The Duesseldorf-based company will deploy 1

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FedNow – at last

The instant payment system might help fix the US’s rusty payment rails, but it also faces competition, says Dave Birch

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