Despite the fact that the US is a global superpower, the issue of counterfeit currency continues to pose a threat to the country’s economy and financial system. Although the Federal Reserve is doing its bit to tackle the problem of counterfeit currencies and regularly destroys counterfeit bills, there is still a lot of fake currency in circulation, and more is being poured into the system, as we speak. That is the reason why an increasing individuals and businesses, especially cash intensive ones, have to bear notable losses, which brings us to a solution that can address the problem, for good.
Identifying Fake Bills with Smart Safes
Financial losses due to counterfeit currency issues is one of the primary reasons businesses are opting for smart safes integrated with high-end bill validating technology that not only works as cash safes but also solves the purpose of cash counting safes. The bill validators integrated with the cash safes help validate the bills received and reject any bill whose reliability or accuracy cannot be trusted.
Identifying Fake Bills with Smart Safes
Financial losses due to counterfeit currency issues is one of the primary reasons businesses are opting for smart safes integrated with high-end bill validating technology that not only works as cash safes but also solves the purpose of cash counting safes. The bill validators integrated with the cash safes help validate the bills received and reject any bill whose reliability or accuracy cannot be trusted.
How Counterfeit Detectors Work
Counterfeit detectors use different technologies to determine whether a given bill is genuine or not. Some safes may deploy more than one technology to be doubly sure of the accuracy of the bills. Some of the technologies that counterfeit detector use are:
Magnetic Counterfeit Detection
It is one of the most common forms of counterfeit detection wherein detectors with magnetic detection technology identify the metal threads and magnetic ink placed in strategic areas on the bills to validate them.
UV Counterfeit Detection
Another most commonly used counterfeit currency detection technology where a UV detector throws ultraviolet lines onto the bills to verify the UV printed images or marks created on the authentic notes through non-visible dyes. If the UV marks glow, the notes are authentic, if they don’t, the notes aren’t authentic.
Automatic Counterfeit Detection
Though comparatively more expensive than most detectors, an automatic detector has the advantage of not requiring a second level of authenticity check once it clears a bill. The automatic counterfeit detector uses advanced imaging software to verify the exact dimensions and features of the bills.
In addition, there are detectors that use watermarks built into bank notes and others that use the size of the bills to ensure that any bills that do not fit the standard size are flagged as counterfeit.
A Word of Advice
The Federal Reserve alone cannot curb the counterfeit currency circulation problem. If you run a cash intensive business and counterfeiting is a problem your business faces then installing a cash counting safe with counterfeit detectors can help you substantially reduce your business losses because of fake notes and currencies. However, before procuring one, ask for quotes from at least three cash counting machine manufacturers and compare the features that each one has to offer.
Counterfeit detectors use different technologies to determine whether a given bill is genuine or not. Some safes may deploy more than one technology to be doubly sure of the accuracy of the bills. Some of the technologies that counterfeit detector use are:
Magnetic Counterfeit Detection
It is one of the most common forms of counterfeit detection wherein detectors with magnetic detection technology identify the metal threads and magnetic ink placed in strategic areas on the bills to validate them.
UV Counterfeit Detection
Another most commonly used counterfeit currency detection technology where a UV detector throws ultraviolet lines onto the bills to verify the UV printed images or marks created on the authentic notes through non-visible dyes. If the UV marks glow, the notes are authentic, if they don’t, the notes aren’t authentic.
Automatic Counterfeit Detection
Though comparatively more expensive than most detectors, an automatic detector has the advantage of not requiring a second level of authenticity check once it clears a bill. The automatic counterfeit detector uses advanced imaging software to verify the exact dimensions and features of the bills.
In addition, there are detectors that use watermarks built into bank notes and others that use the size of the bills to ensure that any bills that do not fit the standard size are flagged as counterfeit.
A Word of Advice
The Federal Reserve alone cannot curb the counterfeit currency circulation problem. If you run a cash intensive business and counterfeiting is a problem your business faces then installing a cash counting safe with counterfeit detectors can help you substantially reduce your business losses because of fake notes and currencies. However, before procuring one, ask for quotes from at least three cash counting machine manufacturers and compare the features that each one has to offer.