Tuesday 18 November 2014

Observations 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.

These machines comes in different shapes and sizes, they are able to count coins and stacks of bank notes. Some use electrical components and others can be purely mechanical. It is programmed to give total fiscal counts that can be in specific batch sizes in order to enhance easy storage and wrapping. In addition to that, it enables orderly arrangement of bills in stacks with a zero error noted.

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.

An added advantage on automated teller machines is that it gives one a chance to review currency deposited. This helps in confirming automatic displayed amount on the screen and type of inserted banknotes. Therefore, one is able to correct any mistake before completely touching on the deposit button. This can be done in quick successions and thus an improved service delivery.

Banknotes counter appliances gives a count in total the number of notes deposit in the slot. More advanced teller machines are able to identify different types of currency bills and still display total value of currency of such mixed notes, even if some are upside down. In more advanced adaptation to rise in counterfeit currency, it uses magnetically special designed to detect fake notes or backlight based detectors.

Most currencies printed for official use by all citizenry have got two special features that all counterfeits cannot be in a position to fit into. One such feature is the fluorescent symbol that can be detected magnetically by making the banknote appear fluoresce. Fluoresces look of a bill is another feature since the bill tend to lack quality material thus a counterfeit.

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 summary, latest tellers used in money counting are fully electronic. They are multitasking in usage thus can count both banknotes and coins. It was an invention highly embraced in Great Britain and has taken root in diverse application by most banks and commerce at large in the globe. One of its disadvantaging features is that it does not detect fake banknotes.




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