Sorting and counting money takes time. Time is money. Therefore, money counting machines makes sense to make the process of counting money as accurate, quick and easy as possible.
Banks, government agencies, churches, and businesses such as restaurants, shops, and stores invest in and rely on cash counting machines. However, some people remain suspicious, mainly because they look too simplistic – almost like a scam – when these engines can actually eliminate scams by providing instant accuracy and detecting counterfeit currency.
How do money counting machines work? Most machines are easy to use, portable, and require little or no training. But a little extra knowledge can save you time and money. There are many advantages to using cash handling technology.
How does the counter work?
Simply put a currency counter works by placing a stack of banknotes in its place. The counting engine then cuts each bill individually and instantly detects the number of times the internal light beam was broken to determine the denomination and give a total. Some counters can also detect counterfeit banknotes by using a black light to illuminate a note with a fluorescent symbol printed on it to distinguish real money from counterfeits. Results? Your account will calculated and verified at lightning speed without worrying about bank account errors or rejections when you make a deposit.
How do coin counters and sorters work?
For those of us who rely on debit cards, the idea of counting coins may seem a little out of date. But for businesses like vending machines, fast-stop shops, and restaurants, these jingles make a lot of money, making the investment in accurate counting and sorting worthwhile.
The coin sorter accepts a set of coins divided by size. A coin can only pass through a certain size hole. For example, in US currency, the holes are sorted by size – cents, cents, cents and quarters. Money fell first; residences had to wait until they found their place. The separated coins can then go through a separate coin counter. More modern coin counters used for sorting and counting, saving time and effort. Some determine the denomination based on the weight of the coin and then calculate the total amount. The most efficient machines work in a similar way to a cash register with a beam counter. Each time the light turned off; the machine recognizes the coin and performs a calculation.
What is a currency discriminator?
The currency discriminator offers the added benefit of showing the value for money in dollars. So, unlike sorting and loading individual denominations into the counter, this device allows you to load different banknotes into the machine. Each account is scanned and identified using a color image sensor (CIS). The number of banknotes is calculated along with the amount for each denomination. Using a variety of counterfeit detection technologies, including ultraviolet (UV), magnetic (MG) and infrared (IR), currencies are scanned for fluorescent or lightening symbols – something the naked eye cannot do – to verify the authenticity of determining accounts. These machines can handle both new and used banknotes, and some have the added benefit of filtering dust and debris from used banknotes.
The JF Technology recommends exploring the many currency management options and how they work. Every company or organization has special needs. But almost anyone who cares about counting, sorting, and authenticating currencies will agree that these tasks are better left to the power of technology. You might say the reasons are too many to consider. The JF Technology always suggests using the best currency counting machine. For more information feel free to contact us!