A comprehensive industry survey conducted by Banknote Watch has revealed that the use of cash degradation systems in financial institutions, Post Offices, retailers and Cash-in-Transit operations has significantly increased over the past three years.
Results show that the take-up of cash protection systems has risen by a staggering 78% since the launch of the Banknote Watch scheme back in 2001.

There are now 38,900 systems in use, with 15,400 in Cash-in-Transit/ATM protection and 23,500 in the financial and retail cash protection sectors.

Chris Taylor, chairman of the British Security Industry Association’s Cash and Property Marking Section, told Security Management Today: “This success is due in large part to the industry working together to set up minimum quality standards for product suppliers. The introduction of PAS 40 and the continual development of trace elements has raised confidence in quality systems. BSIA Section suppliers are working with all interested parties to reduce the risk of loss.”

Source

SMT