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G&D wins IF Product Design Award

Banknotes, News, TechnologyBy SMI 20/03/2014

Giesecke and Devrient (G&D) have won the 2014 IF Product Design Award, with their BPS X9 single note inspection system being selected as the winning product. The BPS X9 inspects banknote printing quality on a note-by-note basis, ensuring each printed note that is produced meets quality standards before it is released into the cash cycle.…

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Bank of England: New Chief Cashier

Currency, NewsBy SMI 19/03/2014

After a six month exercise led by its Executive Committee, the Bank of England launched its Strategic Plan yesterday. The Bank’s Governor, Mark Carney, has set out 15 initiatives to reshape the Bank which are to be implemented during the next three years. Most notably for the banknote industry, Victoria Cleland (former Head of Notes…

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Royal Mint’s new pound coin design

Coin, NewsBy SMI 19/03/2014

The Royal Mint has produced a prototype for a replacement £1 coin with the aim of reducing counterfeit coins in circulation. The coin will include the Royal Mint’s new security feature, iSIS (Integrated Secure Identification Systems), which “involves the application of an existing security technology that has been proven over decades in banknotes”. The Mint…

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Bank of England confirms Innovia banknote supply

Banknotes, Currency, NewsBy SMI 17/03/2014

On Friday 14 March David Beeby, CEO of Innovia Group, confirmed that Innovia Security will be providing polymer substrates to the Bank of England (BoE) for the new £5 and £10 banknotes. A statement by Mr Beeby was posted on the Innovia Films website : “We are delighted that the contract with the Bank of…

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Botswana launches new circulation coins

Coin, NewsBy SMI 13/03/2014

A statement by the Royal Canadian Mint has announced that it has produced a new series of coins for the Central Bank of Botswana. The entire series of coins use the Canadian bank’s multi-ply plating technology – consisting of alternating layers of metal such as nickel, copper and brass plated over a steel core –…

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UK Payments Council to launch new app

Cashless Payments, NewsBy SMI 11/03/2014

The UK Payments Council has announced they are to launch a new way to pay using a mobile phone number. The app, called “Paym”, is expected to be launched in April 2014 and will enable users to send and receive payments using just a mobile number. Customers of Bank of Scotland, Barclays, Cumberland Building Society,…

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