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Currency Acceptor
A currency detector or currency validator is a device that determines whether notes or coins are genuine or counterfeit. These devices are used in a wide range of automated machines, such as retail kiosks, supermarket self checkout machines, arcade gaming machines, payphones, launderette washing machines, car park ticket machines, automatic fare collection machines, public transport ticket machines, and vending machines. The process involves examining the coins and/or notes that have been inserted into the machine, and conducts various tests to determine if the currency is counterfeit. Because the parameters are different for each coin or note, these currency acceptors must be correctly programmed for each item to be accepted. In normal operation, if any item such as a coin, banknote, card or ticket is accepted, it is retained within the machine and it falls into a storage container to allow a member of staff to collect it later when emptying the machine. If the item is re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banknote
A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to Redemption value, redeem the notes for legal tender (usually gold or silver coin) when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authority, monetary authorities. National banknotes are often – but not always – legal tender, meaning that courts of law are required to recognize them as satisfactory payment of money debts. Historically, banks sought to ensure that they could always pay customers in coins when they presented banknotes for payment. This p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Watermark
A watermark is an identifying image or pattern in paper that appears as various shades of lightness/darkness when viewed by transmitted light (or when viewed by reflected light, atop a dark background), caused by thickness or density variations in the paper. Watermarks have been used on postage stamps, currency, and other government documents to discourage counterfeiting. There are two main ways of producing watermarks in paper; the ''dandy roll process'', and the more complex ''cylinder mould process''. Watermarks vary greatly in their visibility; while some are obvious on casual inspection, others require some study to pick out. Various aids have been developed, such as ''watermark fluid'' that wets the paper without damaging it. A watermark is very useful in the examination of paper because it can be used for dating documents and artworks, identifying sizes, mill trademarks and locations, and determining the quality of a sheet of paper. The word is also used for digital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intelligent Banknote Neutralisation System
An intelligent banknote neutralisation system (IBNS) is a security system which protects valuable items by rendering them unusable or easily detectable if an unauthorised individual tries to gain access to them. Dye packs are commonly used to safeguard currency against bank robberies in this manner; when such a pack is taken out of the bank, it releases an indelible dye that stains the money with a conspicuous bright color, making it easy to recognise as stolen. Bonding agents (glues) have been used more recently as alternative degradation agents. Well-neutralised banknotes cannot be brought back into circulation easily. They can be linked to the crime scene and restricted procedures are in place to exchange them at the financial institution. This makes stealing neutralised banknotes uneconomical and impractical. The IBNS removes the anticipated reward of the crime and increases the risk of being caught. This not only foils the theft but acts as a deterrent against further attacks. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EURion Constellation
The EURion constellation (also known as Omron rings or doughnuts) is a pattern of symbols incorporated into a number of secure documents such as banknotes and ownership title certificates designs worldwide since about 1996. It is added to help imaging software detect the presence of such a document in a digital image. Such software can then block the user from reproducing banknotes to prevent counterfeiting using colour photocopiers. Description The name "EURion constellation" was coined by security researcher Markus Kuhn, who uncovered the pattern on the 10 Euro (€10) banknote in early 2002 while experimenting with a Xerox colour photocopier that refused to reproduce banknotes. Markus KuhnThe EURion constellation Security Group presentation, Computer Laboratory, University of Cambridge, 8 February 2002. The pattern has never been mentioned officially; Kuhn named it the EURion constellation as it resembled the astronomical Orion constellation, and EUR is the ISO 4217 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counterfeit Detector
Bank note reporters or counterfeit detectors, were periodicals published in the United States in the mid-19th century. They were used by businesses for two purposes: to identify counterfeit bank notes, and to determine the discount rate for notes from distant banks. Before the establishment of a uniform paper currency in the United States, each of the country's hundreds of banks issued its own distinct notes, which led to widespread counterfeiting. Bank note reporters helped merchants and bankers to authenticate notes, by providing descriptions of genuine bank notes, and up to date information on the latest counterfeit bills being passed around. While the notes of local banks generally traded at par, because they could be readily redeemed at the bank for specie (i.e. silver or gold coins), notes issued by more distant banks traded at a discount. These discounts were proportional to the distance of the bank (and hence, the difficulty of redeeming its notes), and were also affected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counterfeit Banknote Detection Pen
A counterfeit banknote detection pen is a pen used to apply an iodine-based ink to banknotes in an attempt to determine their authenticity. Background Counterfeit banknote detection pens are used to detect counterfeit Swiss franc, euro and United States banknotes, amongst others. Typically, genuine banknotes are printed on paper based on cotton fibers and do not contain the starches that are reactive with iodine. When the pen is used to mark genuine bills, the mark is yellowish or colourless. Such pens are most effective against counterfeit notes printed on a standard printer or photocopier paper. The chemical properties of US banknotes printed before 1960 make marking pens useless, resulting in false positives. One example of this complication taking place happened in 2016, in which a 13 year-old student was arrested by police after she attempted to pay for lunch with a red seal Series 1953 $2 bill after the school's counterfeit pen was unable to prove its authenticity. Rec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automated Cash Handling
Automated cash handling is the process of dispensing, counting and tracking cash in a bank, retail, check cashing, payday loan / advance, casino or other business environment through specially designed hardware and software for the purposes of loss prevention, theft deterrence and reducing management time for oversight of cash drawer an unable operations.Ed Grondahl, Integrated Solutions For Retailers, April/May 2009 Hardware for automated cash handling usually consists of one or more of the following devices: * Automatic teller machine (ATM) * Cash dispenser * Cash validator (acceptor) * Cash recycler * Rolled coin dispenser * Loose coin validator (counter) * Intelligent banknote neutralization system In an automated cash handling environment, a cashier or teller opens a cash drawer at the start of shift by dispensing cash from the automated cash handling equipment. At the end of the shift, the cashier or teller deposits cash into the automated cash handling equipment which co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
MEI (company)
MEI Conlux (formerly known as Mars Electronics International) is a manufacturer of electronic banknote validators, coin acceptors and changers. MEI was spun off to private investment interests in July 2006. In December 2012, it was sold to Crane Co., which also manufactures vending machines. A new division was created inside the company by merging former CPS (Crane Payment Solutions) and MEI into CPI (Crane Payment Innovations). The firm began operations in Great Britain in 1965 and expanded to the United States in 1967. The firm invented the electronic vending machine and is one of the largest manufacturers of vending machines in the world. As of 2011, the company operated in over one hundred countries and processed over two billion transactions per week. It has had a co-educational relationship with the Mechanical Engineering department of the Imperial College, London. In 1996, the firm signed a deal with DigiCash, one of the first digital currencies. This led to the widesprea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Detector - Circuit
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Currency Detector - Operation
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "currency ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
