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Federal Reserve System: Selects Giesecke+Devrient

August 17, 2020

The Federal Reserve System’s Cash Product Office (CPO) announced that it has awarded a contract to Giesecke+Devrient (G+D)
With the investment in this development project FRS ensures that it will be able to fulfill its mandate of supplying the demand for U.S. currency
This decision underlines G+D technical leadership offered to central banks around the globe
NextGen machine will be the foundation for our currency processing operations well into the future
In the competitive bidding and development process, G+D engineered a prototype to meet the requirements
The decision marks another milestone in the decades-long strategic partnership between the FRS and G+D