From the moment that currency was used as an agreed standard for trade, there have always been counterfeiters who rely on their skill mixed with a lack of perception from victims. Today, both currency and counterfeiting have become increasingly advanced, requiring ever-evolving methods to keep people safe. ATM machines, electronic money counters, and cheque scanners are all used by banks and businesses alike to secure and protect your money.
Currency Machines in Today’s Society
The first fully electronic cash counters that were able to count batches of notes or coins without the need to individually process each was first introduced to Great Britain in 1980. Modern ATMs are sometimes built with a currency counter inside; this allows people to make cash deposits without the need for envelops as the system is able to identify the type and quantity of bills inserted. Other advanced deposit methods such as cheque scanning can be done from one’s mobile device, allowing cheques to quickly and securely get transferred into one’s bank account.
Cash Management Systems for Business
Unfortunately, counterfeiters often target businesses due to the security of banks — those businesses that invest in cash management systems are able to detect counterfeit notes and cheques in time to cancel the transaction and spare the business from the scam. Businesses can also benefit from cash counting machines as they can quickly and accurately count notes — due to human error as a factor, most businesses have employees count the money two or three times to ensure that the number are correct. Coin counters are also available to instantaneously cut down on the amount of time businesses spend bookkeeping. Don’t fall victim to one of the oldest scams in the book; take advantage of these secure methods to ensure that the books are right every time.