How vending machines work is a mystery to many people. Just how does it know which coins you are using, or which coins should be rejected? Vending machines, found in offices, hospitals, shopping malls, road service stations, airports, railway stations… just about anywhere, are a sought after convenience when it comes to snacking. But when they…
Ukraine’s Central Bank, the National Bank of Ukraine, has manufactured its first batch of banknote paper using linen fibres. A press release issued by the Bank on 23 March 2016 details how Ukrainian banknote paper manufacturers have been investigating the possibility of manufacturing banknote paper by mixing traditional cotton fibres with other plant fibres, such…
Google has announced that Android Pay will be available in the UK “in the next few months”. Currently, it is only available in the US since its launch last September. A Google spokesperson said it was “likely” that the UK would be either the second or third country of operation, with Australia being identified as another country…
Sveriges Riksbank, the Central Bank of Sweden, has served a notice to the Swedish parliament calling for access to cash to be a legal right. The notice, which was submitted to the country’s Ministry of Finance on the 16 March 2016, asks for the nation’s banks to provide a cash service to ensure access to accounts…
This year’s coveted Banknote of the Year Award has been jointly awarded to the National Banks of Kazakhstan and Georgia. The award was announced by Reconnaissance during this year’s High Security Printing Europe conference in Romania on 15 March 2016. The award recognises outstanding achievement in the design, technical sophistication and security of a banknote…
According to the China Radio International’s (CRI) English service, the People’s Bank of China is to begin gradually replacing the one yuan banknote for a coin. In January, the Jinan branch of the People’s Bank of China announced that it will issue the one yuan coins instead of banknotes to commercial banks in five pilot…
Following our recent announcement of the management buy-out by Secura Monde’s management team, Jonathan Ward and Martin Arkwright, we are excited to announce the launch of our newly designed website.Check out our new site to see the services we provide within the banknote and cash management industry, including pre-issue services such as currency structure analysis,…
The adoption of mobile payment solutions has, certainly in the last two years, been massive. With the launch of mobile wallets from key industry players such as Apple and Google, there has also been an influx of solutions from much smaller companies, with reports of new mobile wallet systems being released around the world as a daily event.…
According to local reports, on the 7 March 2016 the United Arab Emirates Central Bank released into circulation a new 200 dirham banknote. The new note includes tactile marks for the visually impaired, which now completes the entire banknote series following a program to upgrade the designs of existing banknotes with such features throughout 2015.…
Google has today released an app which is being piloted by users, allowing them to make in-store payments without handling either their wallet or smartphone. The app was first announced in May last year during Google’s I/O developer conference. The limited public pilot, which is being tested in a number of retail stores and restaurants in San…