Basingstoke, UK, (PRWEB) March 2, 2006
De La Rue Cash Systems has upgraded its industry-leading, high-speed sorters to handle the new US$10 note.
Due to be launched on 2 March by the US Department of Treasury, the new note incorporates state-of-the-art security features to combat counterfeiting. These include colour-shifting inks, improved watermarks and a novel security thread.
De La Rue has worked closely with the Department of Treasury and the US Federal Reserve to ensure that the upgrades to its CPS and Cobra families of sorters meet the stringent requirements of banks and ATM operators both in the US and abroad. This will ensure a seamless transition for the new note into worldwide commerce.
Capable of processing in excess of 100,000 notes per hour, the CPS family of sorters offers multiple hardware, detector, and software options, as well as integration into customers’ current IT systems. Truly modular and upgradeable, these systems are easily configured and expanded. They offer the most advanced technology to enable automated commercial deposit processing (ACDP), together with options in single pass processing.
For its part, with achieved speeds of over 36,000 notes per hour the Cobra sets new standards in desktop cash handling. It is modern, multi-functional, purpose-designed and extremely adaptable for changing cash handling needs.
Both systems have already successfully handled introductions of the new US$20 and US$50 notes that have also undergone similar redesigns as part of a rolling programme of anti-counterfeiting measures. The same proactive measures taken then by De La Rue ensured that customers had complete confidence that their daily cash processing needs could be met.
Federal Reserve banks will start distributing the new US$10 note to the US public through commercial banks on 2 March. It will then be introduced to other countries in the days and weeks following as international banks place their orders with the Federal Reserve.
Ballard Communications Management,
tel: +44 (0)1306 882288
Product Manager - Cash Processing Solutions
tel: +44 1256 605086