Ribao's Blog

Apr 10, 2009 at 07:11 o\clock

How To Use Cash Counting Machines

Today the cash counting machines at the supermarket are getting a lot of use. But if you've never used a cash counting machine it can be a little intimidating, here's how to use the machine to turn your coin into cash, get a gift card or e-certificate or donate your coins to a charity.

Step 1 Find a location of a cash counting machine by checking a cash counting machine website and entering your location. Although the cash counting machine will throw out debris, sticky coins, foreign coins, tokens and silver coins it is a good idea to sort through your coins before bringing them to a machine.

Step 2 Take your coins to a cash counting machine and enter them into the hopper, follow the instructions on the screen. You can choose to donate your coins to a charity, get cash for your coins or get a gift card or e-certificate from select merchants.

Step 3 The money counting machine processes your coins and shows you on the screen how many quarters, dimes, nickels and pennies you have and how much money you will receive once the fee is taken out. When the machine is done processing a ticket will be printed.

Step 4 Bring the printed ticket to the cashier or service desk at your supermarket, they will reimburse you. The cash counting machines take out a percentage of your money when you use the change to cash option. To receive a gift card, e-certificate or to donate the money to charity the service is usually FREE.

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Mar 27, 2009 at 10:28 o\clock

Bill Counters With Couterfeit Detection

For most retailers, the only line of defense against counterfeiting is an adolescent clerk who holds the large bill up to the light, but has no idea what she is supposed to be looking for. Some however, have a secondary precaution of requiring managers to inspect the bills; managers who despite their post-adolescence, have no idea what they're supposed to be looking for.

Insurance providers do not compensate for counterfeit losses because the policy holder is responsible for regulating the currency that it willfully accepts. Even more alarming is the near certainty that businesses, banks included, that pass along counterfeit money will not assume liability for it.

The best way for a company to protect itself against "getting stuck with the [homemade] bill" is to use a bill counter with counterfeit detection. Banks have them. When making a substantial withdrawal or cashing a sizeable check, insist that the teller use the bill counter rather than her fingers. Even if it seems petty, it's less of a hassle than attempting to recover counterfeit funds.

Also, every business should have a money counting machine with the counterfeit detection feature to ensure that all the paper money that changes hands is money and not just paper. Depending on where it's purchased, companies can buy money counters for less than one of the most commonly falsified bills.

It takes no more effort to check with a machine than with a manager and by doing so, the clerks and managers can stop pretending they know how to spot a fake. So in a way, buying a bill counter prevents counterfeiting twice.

Dec 18, 2008 at 08:16 o\clock

How To Detect Counterfeit US Currency

The public has a role in maintaining the integrity of U.S. currency. You can help guard against the threat from counterfeiters by becoming more familiar with United States currency.

Look at the money you receive. Compare a suspect note with a genuine note of the same denomination and series, paying attention to the quality of printing and paper characteristics. Look for differences, not similarities.

Portrait

The genuine portrait appears lifelike and stands out distinctly from the background. The counterfeit portrait is usually lifeless and flat. Details merge into the background which is often too dark or mottled.

Federal Reserve and Treasury Seals

On a genuine bill, the saw-tooth points of the Federal Reserve and Treasury seals are clear, distinct, and sharp. The counterfeit seals may have uneven, blunt, or broken saw-tooth points.

Border

The fine lines in the border of a genuine bill are clear and unbroken. On the counterfeit, the lines in the outer margin and scrollwork may be blurred and indistinct.

Serial Numbers

Genuine serial numbers have a distinctive style and are evenly spaced. The serial numbers are printed in the same ink color as the Treasury Seal. On a counterfeit, the serial numbers may differ in color or shade of ink from the Treasury seal. The numbers may not be uniformly spaced or aligned.

Paper

Genuine currency paper has tiny red and blue fibers embedded throughout. Often counterfeiters try to simulate these fibers by printing tiny red and blue lines on their paper. Close inspection reveals, however, that on the counterfeit note the lines are printed on the surface, not embedded in the paper. It is illegal to reproduce the distinctive paper used in the manufacturing of United States currency.

 

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Dec 11, 2008 at 09:27 o\clock

How To Choose A Money Counter?

by: ribao   Keywords: money, counter, money, detector, money, counters

If you have decide to purchase a money counter, how do you know which one is right for you? Here is a list of criteria to help you decide! It is important to choose the counter that best fits your company's needs to increase efficiency and productivity during the money handling process.

 

Counterfeit Detection

First, consider whether you will need the option of counterfeit detection. If counterfeiting is a concern, you may want to purchase a counter/counterfeit detection combination machine. Typically these detectors use ultraviolet light or a combination of ultraviolet light and magnetic detection to prevent the acceptance of fake bills. In general, money counters with added counterfeit options are more expensive and machines with both ultraviolet and magnetic detection are usually a little more expensive, but offer increased protection and versatility. In businesses completing a large number of transactions with large bills, money counters/counterfeit detectors are vital to accuracy and security.

Discriminators and International Currency

To make counting even faster, machines are available that are able to detect different bill denominations. These machines are called discriminators and are usually much more expensive than a typical money counter, but can be a huge time-saver for businesses counting large amounts of cash. Some counters are capable of detecting international bills, as well as separating smaller sized bills. When counting bills from multiple countries, international detection is a must.

Vertical or Horizontal Feed

Machines are available that can be loaded flat, by stacking bills, or loaded standing up, on the bill's side. Machines that accept stacked bills are called horizontal feeders and those that accept only bill's on edge are called vertical feeders. A horizontal feed allows the user to stack more bills into the hopper and reduces time when counting a large number of bills. For counting less than 100 bills at a time, a vertical feed is sufficient.

Additional Features

Money counters come with a variety of extra features to accommodate almost any counting needs. For instance, some models come with an external count display that allows more than one person to view the running count. This feature is perfect for situations when a teller is counting bills for a customer. Machines intended for large counting operations often come with a dust shield to deflect dust and debris away from the operator's face.

Warranty and Service

Finally, like any product you may consider buying, investigate the specific brand's warranty and service agreements. Ideally, you will want to find a money counter that remains under warranty for at least one year. Many manufacturers offer on-site service packages for maintenance and repair on your counter. To ensure you purchase a counter that has a long life, find one that offers the best possible warranty and service agreement.

When you are looking for a money counter remember there are an assortment of models with different features, don't settle on a machine that doesn't fully accommodate your needs. Examine all the possible features and choose the product that helps increase your efficiency and productivity the most. Use these basic guidelines to help narrow your product search and find the counter that is right for you!

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Nov 19, 2008 at 08:18 o\clock

How Does Coin Detector Work ?

The basic principle for coin detector is to test the physical properties of the coin against known composites from coinage that is acceptable. It performs its function by evaluating the coin based on its weight, size, or magnetism, and then sends an appropriate electrical signal via its output connection. The next step is generally performed by the coin changer.

Simple mechanical coin acceptors are relatively easy to cheat by using slugs and other coin-like materials that pass the rudimentary validation. Today, sophisticated electronic coin acceptors are in use in some places that, in addition to validating weight and size, also "look" at the deposited coin using optics and match the image to a pre-defined list.

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