Currency Exchange
Best Cash-handling Practice in Currency Exchange
Currency exchanges must handle many different foreign currencies. A banknote counter needs to quickly determine the exact amount, detect counterfeits, and identify each denomination — which is impossible without a professional banknote counting machine.
A 2-pocket banknote counter is the ideal choice because: 1) it is far faster than a single-pocket machine thanks to non-stop counting, 2) it counts by value, not just pieces, 3) its counterfeit detection sensors are superior, 4) its counterfeit detection software can be upgraded, and 5) it supports far more currency software packages.
See why multi pockets for the benefit of 2 pockets against single pocket.
1 Real Time Software Upgrade
Currency exchanges handle many foreign currencies, and the detection software for those currencies needs to be updated frequently. Given the pace of updates, manual upgrades are impractical for a busy operation. If the banknote counter can integrate with the exchange's management software, both security and efficiency improve significantly.
See upgrade and MS (Remote Machine Maintenance System) for more details.
2 Auto Setting
Normally, the operator has to press buttons multiple times to switch to the desired currency. Given the number of currencies a currency exchange handles, manually changing the setting for every new customer is inconvenient and inefficient. Auto Setting detects the first banknote placed in the hopper and automatically switches to the correct currency software. With this function, the operator simply places the money — no button presses needed.
3 Serial Number Capturing
Sometimes customers may claim they received a counterfeit banknote from the exchange. If the exchange keeps a record of the serial numbers of every banknote given to the customer, such disputes can be resolved quickly. This requires a banknote counter with serial number capture and supporting PC software.
4 Blackbox at Cashier's Desk
There is another way to prevent disputes with customers. A customer display with a built-in camera can act as a blackbox, recording the scene, conversation, and transaction amount right next to the customer. When a dispute arises, the cashier can easily look up the recorded data.
See Aurora for more details.
Products
Foreign Currency Counting
MIB-9
1+1 pocket, 1 CIS, foreign currency value counter
MIB-11
1+1 pocket, 2 CIS, foreign currency fitness sorter
SB-3000
2+1 pocket, 2 CIS, foreign currency fitness sorter
MIB-5000
Full 5 pocket, 2 CIS, foreign currency fitness sorter