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

Money counters still valuable during banknote updates

Money counters still valuable during banknote updates

Even as bills themselves get more sophisticated to thwart counterfeiters, cash counters remain a valuable line of defense. Some countries are planning to issue redesigned bank notes to prevent illegitimate copies. New Zealand is the latest nation to prepare to modernize its currency to include better security measures, according to the Reserve Bank of New Zealand.

"Security features and the technology for designing and printing bank notes have advanced considerably since the current bank note series was first issued in the early 1990s," said Geoff Bascand, deputy governor of the Reserve Bank, in a speech. "While counterfeiting rates in New Zealand are low compared to the rest of the world, we need to stay one step ahead of the game."

While the size, polymer plastic material and denominations of the current series will stay the same in the new bank notes, the designs will be updated and released by denomination. The designs are projected to be released in November.

Some of the new features on the bills include color changing and parts of the note that vary to the eye, New Zealand publication 3 News reported. These design elements are expected to make the country's currency more difficult to counterfeit. The current New Zealand bills have a transparent window.

Money counters give businesses a way to better guard themselves against the risks of accepting counterfeit currency. Even though many countries are updating their currency, older bills will still be valid and will co-circulate with the new bank notes. In the U.S., counterfeiting has increased, and many of the people who are caught with fake bank notes have produced them on their own with a home printer. Cash counters offer more protection because some copies appear valid to the naked eye. 

July 11, 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.