Canada's new $100 bill - Enhanced security leads to major problems

Be the first to get a head start on solving imminent cash processing problems

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 functionalities.

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.

Creative Studio B Inc. (http://www.creativestudiob.com), helps provides electronic distribution, targeting, measurement and integrated media and broadcast services for corporate, government, association, labor, non-profit, and other customers worldwide. Using Creative Studio B Newswire Service, these organizations reach a variety of critical audiences including the news media, the investment community, government decision-makers, and the general public with their up-to-the-minute, full-text news developments. Contact us on 8005944902 ext.101

SOURCE John Poulet Cheque Writer Service

For further information:

Ted Brosnan
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