Much has been done in the protection of bank notes. From better, bigger and stronger cash holding devices. To heavier and more armoured CIT facilities. Yet when these fail, Banks turn to the products that achieve spoiling of notes through staining or attempted destruction. What these solutions fail to achieve, is the reason they’re there. Removing the prize to prevent the crime!
The cash industry is currently losing, through bank note theft, billions per year in losses due to various attacks. With little evidence of it slowing the achievable prize remains the attraction to the attackers. The defense for the Banks to these attacks appears to be two main routes of protection. Bigger, thicker safes. Or, ink dye systems as a way of staining the notes recommended by some central banks.
Central Banks have been torn between the need to support banks, keep confidence in the currency and the requirement to remove stained notes from circulation.
As recent as the autumn of 2014, several global central banks started to look closely at alternatives. Our development team engaged with and explored how the CSD-ARCIS device could provide a breakthrough. Now several years later, we have a product that is building the excitement that this could be the ultimate deterrent. The banking world is taking notice of us.