Sunday, November 9, 2014

Clarification On Money Counter Machines

By Christa Jarvis


Emerging technology has seen rise in production part of the economy. To improve service delivery, expertise has build up machines that help improve the lives of people across the globe. In most banks or large malls and supermarkets, exchange in currency is common and to make the work easier and effective, money counter machines help save time and enhance quick service to huge number of individuals.

In usage, it depends with the kind of business one does. Old money counters were separate and could count coins and notes but on a single developed machine to adapt to either coin or notes. In most cases, they use mechanical process but with advancement in technology, some use electrical components. On total value evaluation, it has got packed data detection components that seem to error free total count of values inserted in the compartment.

Toting up to use in large malls and banks, vending machines that are high tech are mounted with these equipments to help see a total count of money deposited by customers before release of the goods bought. With latest invention, automated tellers have been introduced and it allows deposition of currency with no envelope as a wrap. It helps to detect bills inserted and total value.

Automated teller machines are packaged in such a way that it give chance to an individual to review his or her money deposited and correct any error that machine can sometimes make. In such a case to note, one will see to it that every currency deposited is accurate to the total value display on the screen. In short, they are quick and simple to use and saves time thus an improved service delivery.

Banknote counter machines are more advanced and somehow expensive to purchase. It does not mean that people with other retail commerce cannot purchase them. It depends on your requirement. In addition to this, they have a specially placed backlight or magnetically detecting devices of fake bills. Thus, it is rare to have fake bills go unnoticed in usage of such specially designed teller equipments.

Most countries use fluorescent symbols on their currencies. Furthermore, paper used in currency making does not contain any brightening agents thus fake money easily fluoresces under UV detectors or magnet. This has helped in detecting counterfeits in counter machines. On this two unique features in original notes, fake money is easily detected thus has no way into any retailed business that uses these equipments. It thus protects the economy of any given nation.

It works with a stack of bills placed in compartment for counting. Each note is then pulled mechanically by the machine. It is quick and saves time and in some cases, the special symbols on different bills allow it to figure out denominations of bills and genuine bills placed in compartment to count. If a bill is fake, it beams a light to send a warning. This also gives total number of fake currency and total value count in real bills.

In short, mostly used tellers are fully electronic and give total value of each coin or note inserted in its compartment. It originated from Great Britain in 1980s and has so far been adapted by diverse retail shops, banks, supermarkets among other commerce institutions. It is able to multi task as compared to other tellers that are single handing on coins and notes. But a disadvantage to its use is that it does not detect fake currencies.




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