General information on CashEDI

CashEDI in Europe

In consciously opting for an international standard, the Bundesbank has sent a message in Europe. The Spanish, French and Italian central banks have already followed the Bundesbank’s lead and likewise chosen to adopt GS1 standards for their cash operations.

Moreover, the GS1 standard was approved by the ESCB as one of the two eligible data formats for use with the DECS (Data Exchange for Cash Services) procedure. Using DECS it is possible to carry out electronic data exchange for cross-border cash payments. CashEDI supports EU-wide harmonisation as a national portal.