Cummins Allison
  • Products
    • Money Counter Machines
      • View All ››
      • JetScan iFX i100
      • JetScan iFX i200
      • JetScan iFX i100, i200 for Law Enforcement
      • JetScan One-Pocket
      • JetScan 150
      • JetScan Two-Pocket
      • JetScan iFX i400
      • JetScan MPS 4200
      • JetScan MPX 8200
      • JetCount
    • Coin Counting Machines
      • View All ››
      • Money Machine 2
      • JetLink Remote Management
      • Coin Programs
      • JetSort 1000
      • JetSort 2000
      • JetSort 3000
      • JetSort 4000
      • JetSort 6000
    • Pay Station Solutions
      • View All ››
      • Paypod Embedded
    • Check Scanners
      • View All ››
      • JetScan iFX i100
      • JetScan iFX i200
    • ATMs for Financial Institutions
      • View All ››
      • Full-function island ATM
      • Full-function ATMs
      • Small footprint ATMs
      • Lobby Cash Dispense
      • Automated Deposit Module
      • Anti-Skim Protection
      • JetLink Remote Management for ATMs
      • Endpoint Security
      • Onboarding Solutions
    • Ticket Counting and Imaging
      • View All ››
      • JetScan iFX i100, i200
      • JetScan iFX i400
      • JetScan MPS 4200
      • JetScan MPX 8200
    • Cash-Office Solutions
      • View All ››
      • Cash Logistics Manager
      • Cash Room Manager
      • Cash Drawer Processing
      • JetWedge
      • JetTouch
    • Buy Supplies
  • Service
    • Request Service
    • JetLink - ATM Managed Services
    • PMIA
  • Resources
    • News & Events
      • View All ››
      • Press Releases
      • News Hub
      • Events
      • Articles
      • Awards
    • Media Center
      • View All ››
      • Company Information
      • Media Contacts
    • Brochures
    • Case Studies
    • White Papers
    • Foreign Language Resources
    • User Support Resources
  • Industries
    • Banks & Credit Unions
    • Casinos
    • Law Enforcement
    • Grocery
    • Vending
    • Cannabis
  • Store
    • ATM Supplies
      • View All ››
      • Printer Ribbon
      • Thermal Paper
    • Coin bags & rolls
      • View All ››
      • Coin Bags
      • JetSort Coin Boxes
      • JetSort Bag Adapters
      • Coin Packaging
      • Coin Shipping Boxes
      • Coin Wrappers
    • JetCount® Cash Counters
    • Currency Straps & Bands
      • View All ››
      • Currency Strapper Paper
      • Currency Straps
      • Currency Strap Bands
      • Currency Documents
    • MICR Ink & Paper
      • View All ››
      • MICR Paper
      • MICR Ink
    • Printer Paper, Ribbons & Cables
      • View All ››
      • Printer Paper
      • Printer Ribbon
      • Printer Accessories
    • Cleaning & Storage
      • View All ››
      • Cleaning Kits & Dusters
      • Vacuums
      • Dust Covers
    • Printers
      • View All ››
      • Impact Printers
      • Thermal Printers
      • Slip Printers
  • Contact
    • Contact Us
    • Find a Local Rep
    • Career Opportunities
  • (800) 786-5528
Home News & Events

News & Events

  • Press Releases
  • News Hub
  • Articles
  • Events
  • Awards
    • Chicago Innovation Award
  • Media Center
    • Media contacts
    • Company info

News Hub

Law enforcement, businesses need cash counters to guard against counterfeiters

Law enforcement, businesses need cash counters to guard against counterfeiters

Counterfeiting represents a significant threat to businesses, and money counters can help companies and law enforcement agencies readily detect fake currency. In fact, personal printers have made counterfeit money more prevalent than it was in the past.

In 2013, the U.S. Secret Service San Antonio field office seized $617,397 in counterfeit bills stemming from 214 individual cases in central Texas, local news publication My San Antonio reported. The funds were confiscated during investigations, as well as turned in by retailers and financial institutions. More than 60 percent of the fake bills were made with digital printers.

While counterfeit currency can often be detected by variances in the bill's portrait, the Federal Reserve and Treasury seals, border design, colors and serial numbers, some people have found ways to produce convincing imitations. Additionally, the texture can provide an indication that the bill is fake. Digital printers have given individuals ways to avoid some of the issues with blurriness and color, and this highlights the need for businesses to have the right technology in place to catch counterfeit money.

Last year, $81 million in fake currency was seized in the U.S., the article stated. Additionally, 1 in 10,000 notes are counterfeit.

Cash counters give businesses a better defense against counterfeiting
At the end of last year, a major counterfeiting operation in Indianapolis was busted, according to local Fox affiliate FOX59. Police uncovered the operation and seized $558,400. The bills were apparently sophisticated, and they led to a major increase in counterfeit traffic in Indiana.

Even though the Federal Reserve's new $100 note design is intended to thwart counterfeiters, many people are constantly changing their processes to make more convincing replicas, which puts businesses that accidentally accept this currency at risk. Companies can use money counters to better protect themselves from fake bills. Counterfeit money only needs to change hands once for organizations to lose the value of the bill. In addition to coaching staff members on how to spot fake currency, cash counters can mitigate some of the risks for companies. 

June 23, 2014

  • Products
  • ATMs
  • Coin Handling
  • Currency Handling
  • Check Processing
  • Ticket Counting and Imaging
  • Supplies
  • News & Events
  • Press Releases
  • News Hub
  • About Us
  • Careers
  • Environmental Awareness
  • Our History
  • Who We Are
  • Corporate Responsibility
  • Patents
  • Contact Us
  • Get a Quote
  • Request a Demo
  • Find a Local Rep
  • (800) 786-5528
  • Service
  • PMIA
  • Follow Us
  • LinkedIn
  • YouTube
  • Twitter
  • Facebook
Cummins Allison
Privacy Policy | ©2020 Cummins-Allison Corp.
©2020 Cummins-Allison Corp.