The International Currency Association has named Dr. Wolfram Seidemann, chief executive officer at Giesecke+Devrient Currency Technology of Munich, Germany, to the board of directors. Formed in April 2016, the ICA works to promote cash as a means of payment equal to digital and mobile methods.
The ICA encourages innovation, best practice and optimized solutions in the sector to guarantee stable currency systems. It also observes and anticipates developments in the industry. The organization also works toward compliance with ethical standards among customers and other stakeholders across all industries, and it publicizes the advantages of cash.
Seidemann said, “The ICA and in particular the Cash Matters platform it has created, cashmatters.org, is a vital voice that presents the public with the advantages offered by cash as an integral component of the payments landscape, both today and in the future.”
