Banknote packaging is an often overlooked, yet crucial step within all cash processing facilities. Not only does it play a part in the efficiency of your operation, but contributes towards the credibility and security of your business too.
Ineffective banknote packaging can cause a range of problems - from damaged banknotes to a loss in productivity and security issues, your banknote packaging solution can’t be ignored.
To ensure you stay clear of these prospective issues, you need a reliable solution that works alongside your business, whilst offering the functions needed in modern day cash processing operations. Here, we explore the best practices in banknote packaging for your business.
1. Input automation and Processing
Cash centres require high-speed, high-volume banknote processing systems, and they need them to be secure, efficient and cost-effective.
CPS High Speed sorters have a series input options that provide different levels of automation. The SmartFeed™ range combines fully automated solutions with the best-in-class banknote feeding mechanism.
The SmartDetect™ products work in tandem with the 7000i sorting system to provide the highest levels of security and flexibility across the full process.
2. Output options
Once the processing of banknotes has been completed and the sorter determines the output location of the note depending on several factors including condition, authenticity, and denomination. The 7000i has a series of different output options including standard stacking pockets, Cassette pockets and automated Strapping pockets.
The most simple configuration of outputs on the 7000i starts at a 5 pocket configuration (4+1 reject) and can go up to a 20 pocket machine, for those commercial banks that are processing mixed denomination and fitness sorting in a single pass.The 7000i™ can also be configured to suit any processing environment. All banknotes that are deemed fit for recirculation will be output, but any that are not fit at the Central Bank will be destroyed. We explored the destruction of banknotes in our previous blog.
The first stage of the post processing packaging automation is the Strapping pockets, where up to 125 banknotes are banded with a paper (or plastic band). The band itself can be printed with relevant information including denomination, value, operator ID or even a QR code. Once the notes are strapped, then comes the second part of the process – the actual packaging of the banknotes.
At CPS, our high-speed sorting solution, the 7000i includes an in-pocket bundler for marketing-leading capability in taking the straps of 100 notes and putting them into bundles of either 500 or 1000.
This provides a secure and automated banknote transportation from your sorting solution to your packaging line.
3. Tamper evidence and traceability
Meeting security standards set by central banks across the world is vital for many cash processing facilities. By using tamper-evident banknote packaging, you’re able to bundle notes in accordance with security criteria as well as deter criminal activity. Pairing this with a labelled time stamp, date, QR code, and more, will provide full traceability of each bundle from the point of packaging, through to transit and delivery.
SmartPack™, our compact, secure, and closed-loop packaging solution offers a complete hermetic seal for a strong and tamper-evident package. Along with the option to add a time, date, barcode, QR code and any other configurable data as a label too, SmartPack™ provides complete traceability and security for your cash processing.
Banknote packaging solutions from CPS
Looking to improve the protection and efficiency of your banknote packaging solution?
Contact our expert team at CPS today. With over 60 years’ experience and a global customer base in over 100 countries, we have the specialist knowledge needed to provide you with a complete cash processing solution tailored to meet your objectives.