Category: Cash Handling
Different types of counterfeit detection
If you own a cash-handling business, you’ll certainly be interested in ways to protect yourself and your staff from counterfeit thieves. Luckily, there are several products available to help with this. As an example, the ZZap counterfeit detectors are all designed to verify banknotes more efficiently than even the most experienced cashier. Before we look …
Top 5 Money Counters in 2020
In 2020, businesses and individuals have more choice than ever when it comes to counting their profits. Luckily there are a number of products on the market to help you do so quickly and accurately. But what are some of the top money counting machines out there? Let’s take a deeper look into which machines …
The new £20 polymer banknote and how it will affect your business
Benefits of using cash counting machines for your business
If you’re working in any cash handling business environment, you’ll understand first hand the importance of tools and machines to make your working day easier and more efficient. The first kind of machine that might spring to mind would be a banknote or coin counting machine, which is the simplest way to guarantee accuracy and …
What Are Rare Coins Worth?
How to Detect Fake Banknotes in Pubs
Despite the move to new polymer banknotes, counterfeit cash is still a threat to pubs and bars in the UK. With its profits helping to fund organised crime, counterfeit cash costs the UK economy millions of pounds every year. One of the most popular places to filter fake notes into the market is pubs. They …
How Are Polymer Notes Made?
Polymer banknotes are made using a layered printing process. Starting with a polymer sheet, each element is added to the banknote until it is complete, cut and tested for imperfections. The Bank of England produces over a billion notes every year and every note is made the same. Polymer banknotes were introduced to the UK …
How Much Can You Legally Pay In Coins?
How are Coins Made?
How to Spot Fake Money
Understanding how to spot fake money is an important skill for anyone who handles cash. In addition to supporting crime, failing to spot fake notes could have a serious impact on your business. At any one time, there are around 3.7 billion banknotes in circulation, with a face value of around £70 billion. Of these, …
Fake Or Designer?
Cash handling policies and procedures with a policy example.
Despite advances in card technology, private individuals still choose to pay by coins and banknotes for 52% of their transactions (Source: Payment Council) and with polymer banknotes and the new £1 coin coming out in the near future, cash is still very much in the game. However is the way you handle your cash losing …
Cash versus card payments
It is common knowledge that in recent years card and electronic payments have become more prevalent. The question is, what are the benefits and pitfalls of cash and card. Knowledge is power. To make informed decisions about your payment processes is a key step in streamlining your business and finding the most cost effective solution …