Fit for People and Machines
The lifespan of money
In parts 1 and 2 of our series “The Future of the Cash Cycle,” we showed how an intelligent step forward can reduce cash handling work by up to 30 percent, and examined the opportunities that remote service offers for banks and cash centers. In the third part, we look at the different demands on banknotes around the world, and how their lifespan is predicted using a new method.
How long a banknote lasts is very dependent on how the public handles it. There are regional as well as cultural differences here. Whether people mostly carry their money in a wallet or keep it loose in their pockets has a major impact, for example. Overall handling throughout the cash cycle, ATM dispensing, frequent sorting by automated systems, and being passed from hand to hand multiple times a day all also leave tracks on a banknote’s surface.
It is not only where it is kept and how it is handled that plays a decisive role in determining the lifespan of a banknote. Environmental influences also have a considerable impact on banknote “fitness.” This means that in subtropical climates, there are different demands on banknote material and resilience than in the cooler north. Banknote quality can be optimized for the needs of a given country by tailoring the combination of substrate, printing methods, and finishing technology. This is essential not only for the population, but also for the machines that count the notes and test for authenticity.
The actual lifespan of a banknote and the point when it must ultimately be replaced can be determined by laboratory tests. A circulation algorithm developed by G&D simulates the wear and tear on banknotes in circulation and is therefore a reliable tool for this purpose.
All Trends and Insights
Casino cash operations
Integrated solutions for maximum efficiency
Modern casinos are complex businesses. A customized end-to-end cash processing solution, including workflows and room layout, ensures top-notch security and efficiency.Read more
A combination of beauty and functionality
Aesthetics, counterfeit protection, easy to handle for both people and machines – modern banknote design has to cover a lot of bases.Read more
Security with style
ColourShift combines an attractive design with the key criteria of distinctiveness, uniqueness and counterfeit protection.Read more
M2M Enabler for the automotive industry
More and more devices are getting “smart.” The automotive industry is a pioneer in this field.Read more
Many countries plan chip migration
To ensure a secure future, increasing numbers of countries are turning to chip cards, which are significantly more counterfeit-proof than magnetic strip cards.Read more
Flexibility through openness
The OSPT Alliance is committed to an open standard that is fast, flexible, and cost-efficient.Read more
The future of the cash cycle (III)
Software for cash centers
Productivity and control in a cash center can be increased considerably with the right software that can be adapted to individual processes.Read more
Banknotes in circulation
Fit for people and machines
Banknotes wear out over time. But how long does our money last for?Read more
The future of the cash cycle II
More capacity with Remote Service
Stoppages and breakdowns are an annoyance for any business. G&D minimizes this downtime with a comprehensive Remote Service offer.Read more
Creation and development of a security thread
Brilliance and dynamism: Rolling Star is a unique security feature that combines high-tech innovation and elegance.Read more
Hybrid banknote substrate
Touch and feel the real banknote
Banknotes often become worn after just a few months. Hybrid, an innovative combination of cotton and polymer, solves this durability problem and offers major savings.Read more
Secure mobile OS
TEE: Trusted Mobile Services for all?
The growing use of mobile services on smartphones and mobile devices requires new security concepts to protect against data misuse.Read more
Originals and fakes
Product piracy is no longer a niche market – today it is a global, booming business. Intelligent security features provide companies and users with modern product protection.Read more