banknotes
NEW FEATURES: Laser Surface Authentication
This article is part of a continuing series that looks at security features in development for the security paper industry. Modern day banknotes are equipped with a plethora of high tech security features to prevent illegal counterfeiting. From see through windows to 3D holograms, and from microprinting to watermarks, security features not only prevent fakes [...]
New Zealand Plans Potential Banknote Overhaul
For the first time in over a decade, the Reserve Bank of New Zealand is planning on introducing a new series of banknotes. “In its annual statement of intent for 2011-2014, the bank said it would soon begin planning for a new series…which would include adding new security features to prevent counterfeiting,” Stuff.co.nz wrote last [...]
Gibraltar Issues New £5, £20 and £100 Banknotes
The British territory of Gibraltar issued new £5 and £20 banknotes this month, and – for the first time ever – the country has introduced £100 banknotes into circulation. The new notes were part of a series introduced in two phases. The first new notes – the £10 and the £50 – were issued in [...]
Artists Put Creative Touches On $100 US Bill
Nearly a year ago, the US Treasury Department unveiled what they were calling “the next generation one hundred” – a newly designed, high-tech $100 banknote. Set to be unveiled in February 2011, the bills were equipped with a 3D ribbon crossing the center of the bill and a colour-changing Liberty Bell alongside some other tradition [...]
India To Increase Security Features on Banknotes
In an effort to reduce counterfeiting throughout the country, the government of India announced this week that they would be increasing security features on their banknotes beginning this summer. Indian Finance Minister Pranab Mukherjee said in an announcement Monday that counterfeiting had become “a matter of great concern” for the country, thus the need to [...]
‘Super ATM’ Could Dramatically Reduce Cash Handling Costs
A new automated teller machine (ATM) introduced in Europe last year could very well prove to be an innovation that will change banking for businesses around the world. The Q-Cash Router (QCR) – a type of “super ATM” – recycles banknotes and reduces lengthy and costly steps for businesses. Instead of taking their cash to [...]
Namibia To Issue New Banknote Series
The southern African country of Namibia is joining the growing list of nations announcing a new series of banknotes in order to upgrade their security features. “Given the rapid technological advancement in the banknote industry, an array of security features is being continuously developed to provide tighter security to banknotes,” said Ndangi Katoma, the head [...]
Bank of Israel Also Launches Design Contest
Nearly a week after Sweden’s central bank, Sveriges Riksbank, launched a contest asking the public to help design their upcoming series of banknotes, the Bank of Israel (BOI) is following suit. For the first time ever, the BOI is reaching out to the community for the design of their new series of banknotes that will [...]
Spain Introduces Contactless ATM
From specialized high-tech security features to electronic transfers, technology has a profound impact not only on banknotes, but also on everyday banking transactions. That technology continued to grow this week as Spanish bank La Caixa introduced the world to the contactless ATM. Instead of inserting debit cards into a slot, customers using the machines simply [...]
