Be the first to get a head start on solving imminent cash processing
TORONTO, Nov. 1, 2011 /CNW/ - In June 2011, the Bank of Canada announced
new polymer bank notes would begin to circulate, starting with the $100
bill, in November. More durable, secure and cost-effective than
previous paper money, there's much excitement surrounding the release.
These notes are considered to be the most secure bill in Canada's
history, and what's more? They can be recycled.
The release date, November 14th is now upon us but one major issue has been overlooked. Most makes and
models of the counting machines used by bank tellers and many
businesses for large volumes of cash will not function with this new
plastic money. Because of a large transparent window on the new
bills—the first of its kind in the world—these counters cannot detect
that there is actually anything in the machine, causing counting
errors. As a result, almost every counter being used in the Canadian
marketplace will have to be replaced.
While some manufacturers have software upgrades available for their
machines, some engineers have determined that these upgrades can only
be accomplished at the expense of compromising essential
Companies such as John Poulet Cheque Writer Service are working
diligently with manufacturers to bring a cost-effective solution to the
marketplace. A complete redesign of their existing models was necessary
in order to accommodate the new bank notes.
You can qualify the equipment currently used by your financial
institution or business by using the free currency counter
qualification form located at www.jpoulet.com/test100.
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