In any business where cash is handled on a regular basis, the process of currency counting can be fraught with serious concerns. Along with issues like employee theft or basic human error and miscalculation, business managers and owners need to be assured of correct counting and also in some instances to be on the lookout for counterfeit bills.
A currency discriminator, is much different than the normal currency “counter”. A Currency discriminator actually uses sensors to “determine” the bill denomination and provide a “value” count of all bills processed. A typical currency counter is only counting the currency notes themselves and the math is left up to the operator. The following are the key things to look for when investing in a commercial-quality currency discriminator.
Think carefully about the volume of notes that go through your business each day when picking out a currency discriminator, as the processing rate is a vital feature. Some basic machines can handle 800 bills a minute, which may be more than enough for a single teller at a relatively small retail company.
For a larger business, however, upgrading to a machine that can work through hundreds of bills in a minute, without needing physical assistance from an employee, can be a huge advantage and a major time saver. These machines handle upwards of 1,600 bills per minute as well as detect counterfeit bills.
Hopper or Stacker Storage Capability
Another concern should be the storage capability of the hopper and the stacker of the device. The hopper is the portion of the device where currency notes or bills wait to be processed. The stacker is a similar part of the device, but it is where notes are stacked after they have been processed.
Having plenty of storage in both parts of the device allows the machine to operate for longer periods of time without employee assistance or intervention. This increases workplace productivity and efficiency.
Most currency discriminators have easy to use touch screen interfaces and your operators can be up and running in minutes. Users can choose various modes of operation:
- Stranger mode: Will detect if you have say a $5 bill mixed in a stack of $20 bills as an example. This mode is good to count straps of money to ensure there is no mixing of bills in the strap.
- Sort mode: The unit will stop when it encounters a bill that is different than the last bill counted. This will allow you to quickly sort as you count.
- Mixed Mode: This mode is used most often to quickly count mixed currency. Tellers can quickly get a value count of mixed currency to speed up deposits.
Investing in a currency discriminator is an integral purchase for businesses that handle cash and are concerned about counterfeit notes as well as accuracy. Click here to learn more about spotting counterfeit bills in commercial environments.
Progressive Business Systems has affordable options in reliable currency discriminators and currency counters. Contact them today to find out which machine best fits your needs.