MISSISSAUGA, Ontario--(BUSINESS WIRE)--It has been two years since the Bank of Canada introduced the first of its new polymer notes, which include a number of anti-counterfeiting security features. Since then, polymer versions of each denomination have been introduced to replace paper-cotton notes, and with the recent release of the $5 and $10 notes, all five denominations are now in circulation. Retail, banking and gaming establishments across Canada have a continued need for equipment with the ability to efficiently and effectively separate and process both cotton and polymer notes.
Cummins Allison, part of the suppliers committee for the Bank of Canada and leading innovator and provider of coin and currency handling solutions, made sure its equipment was ready to accept polymer notes when they were first introduced, and continues to ensure that customers experience no processing issues with equipment upgrades.
Upgrade current equipment for polymer note circulation
Bank of Canada Governor Stephen S. Poloz calls the series of polymer notes “at the frontier of bank note technology” and said that they set a global benchmark for bank note security. Now that these innovative, secure notes are in full circulation, it’s imperative that organizations have up-to-date equipment able to handle them. Customers that have existing Cummins Allison equipment can easily upgrade their solution in order accept polymer notes and extend the life of current equipment.
“As the Canadian currency changes, we’re able to adapt our currency processing solutions to grow right along with it,” said Harry Patrinos, managing director for Cummins Allison Canada. “It’s imperative that your processing equipment is future ready; that doesn’t necessarily mean you have to invest in a new piece of equipment. Customers can turn to Cummins Allison and our breadth of currency processing solutions that are upgradeable, maintain high speeds and offer the most advanced counterfeiting detection features.”
Multiple equipment options
For organizations that are ready to replace equipment, the newest JetScan iFX® i100, i200 and i400 currency scanner machines can count, denominate and image up to 1,200 notes per minute– 20 percent faster than any other equipment available today. Available in 1, 2 and up to 9 pocket models, these compact, easy-to-use machines are quickly gaining traction in cash-intensive organizations. In addition, the JetScan iFX models have advanced counterfeit detection sensors, including infra-red technology.
Customers can also rely on Cummins Allison high performance machines that are used in cash room and vault operations nationwide. The JetScan® MPS 4100 and 4200 multi-pocket currency sorters for polymer note processing are fully-integrated currency handling machines designed to simultaneously scan, denominate, authenticate, count, sort, face and strap currency quickly and efficiently.
Anti-static technology ensures smooth processing
The makeup of the new notes are plastic, which creates a significant amount of static as they go through the counting process in these type of machines, and the drier the climate, the more the static issue becomes. Under these conditions, the polymer notes have a greater tendency to stick together – potentially creating count errors, and as the notes go through the machines to the stacker or cassettes, the static creates a situation where the polymer notes may literally “float” in the air and therefore not settle properly.
To combat this issue, Cummins Allison has installed in its currency counting equipment anti-static stacker wheels, brushes and shock resistant components to help dissipate the static that may be generated by the polymer notes. Cummins Allison also suggests to customers that a count room be kept at an average of 50-70 percent relative humidity. The combination of better humidity control and the insertion of the anti-static technology has resolved these static issues.
To learn more about Cummins Allison polymer processing technology, visit http://www.cumminsallison.ca/ca/en/polymer.
About Cummins Allison
Cummins Allison is a global leader in developing solutions that quickly and efficiently count, sort and authenticate currency, checks and coin. We also offer a complete line of full-function automated teller machines (ATMs). Our leadership in technology and product innovation spans more than 125 years. Cummins Allison serves the majority of financial institutions worldwide, as well as leading organizations in retail, gaming, law enforcement and government. Ninety-seven percent of our customers would recommend our products and services. The company holds more than 350 patents and invests double the industry average in R&D. Our world-class sales and service network includes hundreds of local representatives in more than 50 offices in North America, wholly-owned subsidiaries in Canada, the United Kingdom, Germany, France, Ireland and Australia and is represented in more than 70 countries around the world. For more information, visit www.cumminsallison.com.