CPS announced today that the Central Bank of the Russian Federation (CBRF) has approved the V-Series™, compact high-speed banknote sorter to process currency throughout the Russian Federation and the CIS region.
The detailed results of the full acceptance criteria will be published on the CBRF corporate website. This certification adds to the list of approvals already achieved for the V-Series™ with other important central banks globally, including the Bank of England, the European Central Bank and the South African Reserve Bank.
The V-Series™ compact high-speed range revolutionises the way cash processing is carried out, it offers the capability of a high-speed sorter within the footprint of a mid-size machine. This enables CPS customers to maximise efficiency and productivity as well as providing significantly improved versatility in their daily operations.
This accreditation by the CBRF is another important validation for the V-Series™ and enables CPS to provide a unique cash processing solution to the central banks, commercial banks and cash in transit organisations.
Shay Ness, CPS Managing Director for Europe and the CIS
“We have worked extensively with the Central Bank of Russia and are pleased that the V-Series™ has fulfilled the testing requirements and been approved by the central bank. Russia and the CIS region are key strategic markets for CPS, and we look forward to serving customers in both Russia and the CIS region”.
About our cash management solutions
CPS is the industry’s leading independent global provider of bespoke end-to-end, data-driven cash management solutions, developing long-term partnerships with our customers to safeguard their reputation, optimise their efficiency and protect their investment.
CPS provides complete cash centre consultancy, data & software solutions and sorting machines, supported by a global service team, to central banks, commercial processors and retailers as well as single note inspection systems to banknote printworks, across the world.
Our integrated solutions enable our customers to have full control and visibility of their banknotes and crucially, own their banknote data, at all stages of the cash cycle from production to destruction.
Our global customer base in over 100 countries, combined with more than 60 years in the industry, gives us the specialist knowledge of global cash cycle trends and currency management we need, to ensure our solutions are tailored to meet our customers’ own objectives.
Our on-going support and flexible service packages provide truly future-proofed solutions, enabled through our local presence, global knowledge and a proven ability to deliver bespoke requirements.