Confirmed and planned presentations for the 2018 MEA Cash Cycle Seminar (ICCOS) will be posted here soon. Below is a list of presentations delivered at the 2017 MEA Cash Cycle Seminar (ICCOS) in Nairobi, Kenya.
European Central Bank
Antti Heinonen has been the chairman of Banknote Ethics Initiative since its inception in 2013. He was the chairman of the Central Bank Counterfeit Deterrence Group between 2008 and 2012 and the Director, Banknotes at the ECB from 1998 until 2008. He chaired the Banknote Committee of the European System of Central Banks for more than 10 years and the Eurosystem Cash Changeover Co-ordination Committee in 2001 and 2002. Prior to joining the ECB he was the chief cashier for the Bank of Finland. He holds degrees in economics and mathematics from the University of Helsinki, and is an active author on banknotes, both today and historically.
Presentation Synopsis: Despite tougher legislation corruption scandals still emerge, and corruption remains as a major obstacle to development around the world. A collective action, by customers and suppliers working together, can be a powerful tool in reducing corrupt practices. This is the target of the Banknote Ethics Initiative (BnEI) launched in 2013 by involving currently not only ten accredited banknote industry suppliers but receiving already the support of more than 30 customer central banks.
Vice President of Payments & Business Development
Mr. Gonzalo Santamaria has honed his leadership skills and industry knowledge for over 30 years, with a background in the technical, commercial and business development streams within world-class industry supplier companies. He has valuable experience in automation of banknote processing, process re-engineering, supply-chain optimization and efficiencies through security of cash in the cash cycle, and has successfully assisted in designing and implementing state-of-the-art automated currency vault solutions, cash management re-engineering including commercial cash processing patents, and supply chain optimization solutions. In 2011, Gonzalo was named Managing Director for Currency Research (CR). In 2014 he was promoted to Vice President with oversight over the regional Cash Cycle Seminars (ICCOS) as well as CR's Review Seminars, and Co-Chairman of the Coin Conference. As of 2017, Gonzalo is Vice President of Payments & Business Development; his job is to foster and manage the CR consulting arm, as well as the Central Bank Payments and Infrastructure initiatives. He is a global expert in cash cycles and specializes in areas including Cash Recirculation (Recycling), Cash Processing workflows and Branch Automation.
Presentation Synopsis: The future of cash remains unknown but Central Banks from all corners of the globe report that cash remains king as a preferred retail payment method. Today, 85% of worldwide consumer spending is done in cash despite many forecasting the demise of this resilient product.
Based on global surveys circulated by Currency Research, we will present some valuable insight including the top non-cash innovations central bank survey respondents have predicted may have the greatest impact on currency usage in the future.
What are the current trends in global payments and what impact are these truly having on cash in circulation? The future of cash is likely not a cash-less society but instead a less-cash society. How can we as an industry ensure an efficient cash supply chain if or when the decline becomes more pronounced? We will attempt to shed some light on this topic with insight from our surveys and forums dedicated to the currency function and payments.
Commercial Bank Africa
Peter M. Karanja graduated from the Jomo Kenyatta University of Agriculture and Technology in 2010 with a Bachelor of Science degree in Information Technology. He has worked with Pwani Oil Limited in Mombasa as an Assistant Executive in the IT department, then a Super User in the organizations ERP (Oracle) Implementation. In 2012 he joined Kenya Airways as a Systems Developer within the Business Intelligence section. In 2014 he joined the Commercial Bank of Africa (CBA) where is currently the Manager, Innovation and a team leader in an ongoing bank business model remodeling program.
Peter’s focus is to position CBA Group as the bank of choice for all segments of the market by leveraging innovative technologies that allow the bank to offer its customers true value through an exceptional experience and at the same time growing its bottom line.
Presentation Synopsis: The challenge today for Financial Institutions is to find a way to both increase revenue and reduce the cost of the branch. The Commercial Bank of Africa (CBA) started an exciting journey two years ago, re-thinking the role of the physical branch in their sales strategy and increasing the customer experience at the same time that they reduce operating costs. CBA explored different alternatives and channels, and finally decided to use the teller cash recycler as the core technology that could drive the branch to offer a better customer experience while CBA increased profitability.
Integrated Cash Management Services
After his National Youth Service in Rivers State in 1988/89, Emma Disi-Okorogri started his banking career with Fidelity Union Merchant Bank Limited (now Fidelity Bank Plc) in 1990. While there, he worked in various departments of the bank including Strategic Planning & Financial Control, Energy and Petroleum, Loan Workout, Human Resources, International (Foreign) Operations, Independent Control and Audit. He left Fidelity and joined Standard Trust Bank Limited (now United Bank for Africa: UBA) in 1998, where he set up the Cash Management Department of the Processing (Operations) Division. The Cash Management Services department was highly outstanding during his stay, and this created a niche for Standard Trust Bank. He also worked as Operations Manager in the Apapa Area Office before returning to the head office as Head, Cash Management and MICR Department. He joined XL in 2003 as the Head, Cash Management Services and later became General Manager, XL Cash Management Services Limited. He was the pioneer Executive Director, Business Relationships, Integrated Cash Management Services Limited (A Joint Venture Company between XL Management Services Limited of Nigeria and SBV Services (PTY) Limited of South Africa. He played a key role in securing businesses for the company during its inception and to-date. He is currently the Executive Director, CIT Operations of the company. He has attended several training courses both locally and off-shore.
Presentation Synopsis: This will be a first-hand account of the structure and evolution of the Central Bank of Nigeria (CBN), Currency Issuance and Cash-in-Transit (CIT) Services. Mr. Disi-Okorogri, Executive Director from Integrated Cash Management Services Limited in Nigeria, shall provide an insight into the landscape of the Nigerian currency including the currency in circulation as well as their various denominations and values. He will also examine the developments in the industry over the years and hinge more on the current developments and initiatives. His presentation will conclude with the challenges faced by the industry and recommendations for the future.
Business Development Manager
Glory Global Solutions
Joop has worked in the banking equipment industry since 1982. With over 20 years of experience with Glory (previously De La Rue and Talaris) Joop has a broad understanding of the business, having advanced from roles in technical support services to product management to pre-sales support manager in the international distribution business. In April 2013 Joop has taken on the role of Business Development Manager to use his extensive knowledge of Bank Branch Automation, Self Service Equipment and Retail Solutions to support Glory Business Partners in the EEMEA regions.
Presentation Synopsis: A customer experience revolution could solve today’s brick-and-mortar branch challenges. The banking model of the future will be a radically different experience from today, largely driven by the cashless society, millennials, and hyper-connected customers. Brick-and-mortar will remain a very significant part of the branch network strategy; however the lines between channels will erode to the beneft of both the customer and the business. Advances in technology will also signifcantly improve the relationships between banks and customers. Real opportunity lies in responding to these changes, focusing on delivering a truly integrated and seamless omni-channel experience. The future of cash and the branch are exciting ones. Over the next few years we expect to see a number of key developments taking place in branches around the globe.
Regional Director of Sales – Africa
The Royal Mint
Ceri Thomas joined The Royal Mint’s Circulating Coin team in 2004 as Account Manager for Africa, and was appointed Regional Director of Sales for Africa in 2013. She has extensive knowledge of currency in the African region and can offer advice on all elements of coinage from design, composition and production to the many coin-related issues facing central banks, issuing authorities and state mints. Working closely with The Royal Mint’s many customers in Africa, Ceri is well placed to deliver an insight into the coinage material selections made by central banks.
Presentation Synopsis: An overview of the successful take-up of plated-steel coins across many African countries, with the central banks saving money compared to homogeneous coinage materials. This will be presented by Ceri Thomas, The Royal Mint’s Regional Director of Sales for Africa, and will look at various examples within Africa of central banks that have introduced more cost-effective plated-steel coins to replace traditional homogeneous ones.
Deputy Director and Head, Policy and Development Team in Currency Operations Department
Central Bank of Nigeria
Vincent Kawahuda Wuranti is Deputy Director and Head, Policy and Development Team in the Currency Operations Department at the Central Bank of Nigeria (CBN). He holds a Master’s degree in Business Administration, a degree in Accounting from Ahmadu Bello University, Zaria and HND in Business Continuity Management from Coventry University, United Kingdom. He is a member of the Business Continuity Institute (MBCI), UK and a Fellow with Certified Cost Management, Nigeria. He possesses a combined 26 years’ experience in Central Banking leading a successful & productive team. He has been involved in various in-house and external initiatives and projects targeted at improving team coordination and better service delivery. He is committed to creating a healthy working environment, and demonstrates a high level of motivation to meet the tightest of deadlines. He has developed robust skills in Currency Management, Business Process Improvements, and Cash Management as well as Risk & Business Continuity Management.
Presentation Synopsis: Despite improvements in the payment system in Nigeria, currency in circulation continues to increase, indicating that cash still remains a major fixture in the Nigerian economy. This has necessitated the need for a more efficient and effective currency management approach, championed by the Central Bank of Nigeria (CBN). The current arrangement for cash management is complex and not cost effective, with inherent duplication of cash management infrastructure and activities. As a result, the service delivery mechanism to stakeholders has been poor and inefficient. The CBN and the banking industry in Nigeria developed a new Cash Management Model aimed at achieving enhanced efficiency, optimal utilization of cash management resources, leverage on shared infrastructure, and the achievement of cost reduction. The new model adopts the re-arrangement of the value chain with clear separation of ‘wholesale cash services’ (CBN) and ‘retail cash services’ (banking industry) supported by a single shared platform. In support of the need to improve cash management, the CBN had issued several policies on bulk cash with a view to limit daily cash activities on individual and corporate accounts, facilitate new arrangements for retailer/merchant cash pick up and collections, and to discourage tariffs on amounts in excess of the daily cash limit available to the bank’s customers. This paper is an attempt to shed light on the new Nigerian Cash Management Model, discuss the inefficiencies/areas for attention in the Nigerian cash management value chain, and to analyze the prospects by looking at the current economic situation, implication for stakeholders, implementation roadmap of the model, and improvement opportunities and the roles of key stakeholders in the scheme with a view to sharing the Nigerian experience.
Vice President – Key Accounts
Giesecke & Devrient
Bernd Paulussen holds a Master’s degree in International Business from the Université de Paris IV (Sorbonne) and a Bachelor’s degree in Business Administration and Middle Eastern Science from the University of Applied Sciences in Bremen, Germany. In 1997 he joined G&D as Regional Sales Director in the banknote printing division with a focus on African and Middle Eastern central bank customers.
He moved to Dubai in 2000, where he joined the Currency Management Solutions Division of G&D and has been overseeing the sales activities in the Middle East and Africa ever since. As of January 2017 he focuses on large currency automation projects for key accounts in the region.
Presentation Synopsis: It is commonly accepted that ROI (Return on Investment) is a key factor when making business decisions. Often the ROI is interpreted in a single dimension related to cost.
Good decision making, however, should consider additional dimensions. We will look at what these dimensions are for our industry, in particular for managing cash centers.
Automation and digitalization of cash handling creates questions concerning what to do, how to do it and when. This session will share industry experience on how to set the course for a positive ROI across all dimensions.
Channel Manager (Personal and Business Banking)
Eric Kahiga Ngecu is Channel Manager at Stanbic Bank, Kenya. He has 10 years of experience in various positions in Retail Banking Alternate Channels, Call Centre management, and Business Process Outsourcing. During this time he has developed specialities in Physical Cash Strategies (Cash In/Out), Self Service Channels, Retail Banking, Call Center & BPO Management, Public Relations, Marketing, and Customer Service.
At Stanbic Bank, Eric is responsible for the entire ATM & BNA network in Kenya, with the main roles of strategic planning, product design, product management, and product performance driven by customer needs, customer value propositions, competitor environment, physical cash strategies, and business needs.
Presentation Synopsis: As we increase branch automation, it is key to ensure that we maintain the reasons consumers use the branch and tailor transactions to consumers' needs. This session will explore the role of the teller and the movement towards branch transformation, how banks can achieve cost savings, and the types of new branch environments that are now achievable to improve the customer experience. Stanbic will share their experience implementing deposit automation in their network and how technology can impact customer flow.
Head of Business Consultancy
Cash Processing Solutions (CPS)
Jamie Cockerell joined the De La Rue Cash Processing Solutions division twenty years ago after completing his education in technology and IT. Starting initially as an implementation consultant, he then moved into Business Consultancy and has since provided consultancy to over 100 cash processing operations worldwide. After four years responsible for the Enterprise Cash Management (ECM™) integrated cash supply chain platform, he has now returned to consultancy and is responsible for CPS’s Business Consultancy activities.
Presentation Synopsis: When running a cash processing operation, production optimisation is vital. That could be achieved by maximising machine availability, processing performance, process enhancement, and optimisation for different banknote characteristics. CPS has conducted a Global Benchmark study into the processing operations of central banks and commercial processors around the world collecting data on these criteria, focusing particularly on high speed and mid speed sorters. In this presentation CPS will share this data and insight and look at ways in which the results can help you optimise your cash processing operations.
Deputy Director, Currency Management Department
State Bank of Pakistan
Presently serving as Deputy Director of the Currency Management Department at the State Bank of Pakistan (SBP) Banking Services Corporation, Ali Madani is responsible for the Public Debt Management portfolio. Mr. Madani plays a pivotal role in the execution of the Central Bank’s Currency Management Strategy. He started his career in 2005 with ABN AMRO Bank in the Retail Banking Division and was an integral part of the Product Management Team, managing a diverse portfolio of commercial banking products including Cash Management. Mr. Madani also served as Head of Systems & Operations at Al Baraka Bank (Pakistan) Limited, responsible for cash management, retail banking operations, and ADC products. He is also a Master Trainer for Currency Management, Public Debt Policy and Retail Banking Operations. Mr. Ali Madani holds a Masters of Business Administration (MBA) from the Institute of Business Management, Karachi and a Bachelor of Computer & Information Technology (Honors) from the University of Sind.
Presentation Synopsis: The State Bank of Pakistan (SBP) is a progressive Central Bank in the region, which has recently set its course on the path to automation in currency processing. Under the Currency Management Strategy, the SBP has rapidly begun the deployment of both high-end Banknote Sorting Machines as well as medium- and small-sized banknote sorting machines throughout its sixteen (16) Field Offices across the country. In addition, it has also issued explicit guidelines to the commercial banks to follow in its footsteps. Given the huge quantity of banknotes in circulation, suitable measures have also been taken to automate the existing manual processing and authentication of banknotes. This will ensure the availability of good quality machine authenticated banknotes to the general public. The presentation therefore covers the existing manual processing of banknotes, the initiatives taken by SBP to automate currency processing, the present status of automation initiatives taken by SBP, and future outlook.
Head of Consulting
Sajid Khan is the Global Head of Consulting at Vaultex. Prior to joining Vaultex, Sajid was a consultant at PwC where he managed a number of high profile business transformation programmes for tier one banking organisations. In his current role Sajid is responsible for taking Vaultex’s commercial expertise as the UK’s leading cash management organisation to help central banks, commercial banks, retailers and cash processors around the world transform their cash cycle. Sajid graduated in Aeronautical Engineering and has a Masters in Design Engineering.
Mohamed Al-Afif is the Managing Director and Co-founder of Cash Solutions Co. (CSCL), a dynamic regional player in the cash management arena that specializes in providing world-class solutions for commercial and central banks by offering a variety of products and services to cater to all supply chain needs. Before joining CSCL, Mohamed gained intensive financial and banking experience with leading regional financial institutions and corporates including SABB, Al Rajhi Bank,Samba Financial Group, and Al-Gihaz Holding Group, as well as with Reyadah Financial in an advisory capacity and for which he remains a Managing Partner. Mohamed holds a BSc in Finance from the King Fahd University of Petroleum & Minerals and various higher education certifications from the ACT, Columbia Business School, and London School of Economics and Political Science.
Presentation Synopsis:Cash is under pressure around the world. The growth of alternative payments, branch transformation and changing consumer behaviour are all impacting cash volumes from Europe to the Middle East and Africa. As a result, cash centre operators – including central banks, commercial banks and third parties – are facing an unprecedented set of challenges, ranging from rising costs and diminishing returns to increasingly sophisticated criminals. This presentation reflects on these market drivers and presents a view on the future of cash management. It will look at strategic drivers, such as the increased availability and utilisation of data and technology, and industry trends including localised recycling and dynamic CIT scheduling. We will discuss the experience of Saudi Arabia and how it is responding to some of these challenges.
Head of Corporate Minting Strategy
Dieter Merkle has been working with Schuler Presses since 1975. Today he is the General Manager for the minting sector of Schuler Göppingen and Head of Corporate Minting Strategy of the Schuler group, and has been on the Board of Schuler India since 2004. Mr. Merkle has been an active member of the Mint Directors Conference (MDC) Technical Committee and has also been entrusted with the organization and moderation of the Technical Forum of the World Money Fair since 2004. Furthermore, in May 2016 the MDC Member Mints started a Customer Task Force, headed by Mr. Merkle, to create awareness in the industry and connect to the customer base.
In addition, Mr. Merkle is a Board member of the Coin Conference Programme Advisory Committee and represents the Schuler Group within the International Currency Association.
Presentation Synopsis: If we look at the future of cash, we see that circulation coins play an essential role within today’s cash scenario. This presentation will give an outlook on facts, trends, risks and opportunities and will highlight 7 good reasons why cash is needed and popular with consumers. Innovation has always been an important factor for success. Therefore, a few examples of the latest developments will be shown. In addition, a preview will be given on a Guideline for quality assurance for circulation coins, which will be made available to the Member Mints and the corresponding National and Central Banks and Ministries of Finance in mid-2017.
Manager, Currency Services
Central Bank of Kenya
Evans K. Muttai is Manager of Currency Services at the Central Bank of Kenya (CBK). Evans joined CBK 16 years ago as an Auditor and then became part of the founding team of the Risk Management Department. He eventually found a place to craft his expertise in the Currency Department. Evans has vast experience in currency-related matters including cash operations, currency centre set-ups, counterfeit deterrence and system developments. He regularly presents on various currency-related topics both in Kenya and in international forums. Amongst his achievements are setting up the first numismatic gallery in East Africa at the National Museum of Kenya and co-authoring a book tracing the history and development of money in Kenya.
Evans holds a Master of Business Administration (MBA) from Kenyatta University and a Bachelor of Commerce degree double major in Accounting and Business Administration from Daystar University, Kenya. He is a registered Certified Public Accountant (CPA).
Presentation Synopsis: From the perspective of several central banks, the cash cycle follows a similar flow. Kenya is no exception. This presentation reflects on the traditional roles the central banks play in the cash cycle. However, there have been notable innovations that have altered the traditional cash cycle models. The dynamics and symbiotic outcome of a traditionally cash-based society with newfound ways of transacting pose both challenges and relief to the cash industry. This presentation therefore seeks to show a snippet of the cash cycle model in Kenya by bringing to the fore the new factors that have immensely contributed to a more efficient cash cycle model.
Chief Technology Officer
International Currency Association
Mr. Dieter Sauter was born in Germany in 1968 and studied Physics at the Universities of Tübingen and Stuttgart. After graduation he worked for prestigious companies such as Bundesdruckerei, Robert Bosch, and Giesecke & Devrient. In 2011, Mr. Sauter became the Head of Research Development at Orell Füssli Security Documents in Switzerland where he serves as Head of the Security Printing Division and the Chief Technology Officer. He is a Board Member of the International Currency Association, a not-for‐profit organisation representing all suppliers of currency as well as all suppliers of products, technologies, Cash-in-Transit services and equipment used in the design, production, handling, and circulation of currency worldwide.
Presentation Synopsis:The payments industry is evolving and the time has come to work closer together to ensure that cash remains at its very heart. The industry must be more proactive in advocating for the importance of cash. Cash plays a crucial role in everyday life for citizens in countries across the globe and stakeholders must ensure that it continues to meet the evolving needs of its users.
Cash Solutions Sales Director
G4S South Africa
Marius Odendaal joined the security industry after serving as a Senior Officer in the National Defence Force of South Africa. He was presented with an opportunity to join the retail environment and for several years served as National Dealer Council Chairman for Total. As part of his responsibilities as Chairman, he was tasked with establishing an effective cash management system for the fuel and retail industries.
Following his career at Total, Marius was appointed to the role of Director of International Cash Solutions at G4S. Marius is currently employed at G4S SA as the Cash Solutions Sales Director. In addition to his sales responsibilities for SA Cash Solutions, he is also responsible for the G4S Deposita Cash 360 International Business Expansion Project. Marius is based in South Africa and has recently completed his RLP course through G4S.
Presentation Synopsis: This presentation will focus on the experience gained during the implementation of Cash Management Systems in various global banking and retail environments. The advantage of having an established cash management process will be discussed and aspects to consider during the implementation phase will be outlined
Product Development Manager
Radece Papir Nova
Barbara Sušin joined Radeče Papir Nova (RPN) in 2014 as Product Development Manager. She is an experienced leader with more than 20 years of experience in the printing industry. Prior to joining RPN, Mrs. Sušin spent the last 10 years as Product Manager in Security Printing House, where she led the development of security features and was responsible for multiple international projects for security printing, including travel and other ID documents. Barbara holds several patents in security features and security binding. She has received an award for invention by the Chamber of Commerce of the Republic of Slovenia and is an active member of the National Paper Institute and a lecturer in the School of Paper. Mrs. Sušin leverages her expertise as an adviser to banks and other institutions in the selection of appropriate security features.
Presentation Synopsis: This presentation concerns new security elements in high-security paper. The fluorescence effects used in paper security items almost exclusively rely on UV-fluorescent materials. When illuminated by UV light, these materials emit visible light which makes them bright and clearly observable by naked eye. NIRF materials have other properties. When illuminated by visible light, some of this light absorbs and causes emissions in the near infrared (NIR) spectral region. This light is beyond visible and is not detectable by human eye. Special detectors have to be used to capture the light with long wavelengths, where the simplest ones are used in digital cameras.
Executive Manufacturing Support and Development
The South African Mint
Dr. Mike Gradwell is the Executive responsible for Manufacturing Support and Development at the South African Mint. He is responsible for Research and Development, Die Development and the Integrated Management System for Safety, Health, Environment and Quality. Before joining the South African Mint in 2014 he had been in the plastics industry for 14 years. He is the Deputy Chairman of the Mint Directors Conference Technical Committee. He has a PhD in Polymer Chemistry and has collected South African coins for many years.
Presentation Synopsis: High denomination coins, like banknotes, require additional security features to ensure that they are not counterfeited. Security features are classified as Overt, recognisable by the general public, Covert, those that are detected by machines and sensors, and Forensic, those that are only known and detectable by the issuing authority. Research and Development by the Minting Industry together with their suppliers has led to the introduction of many sophisticated security features for coins, thus allowing the production of high value circulation coins.
Head of Sales Middle East & Africa
Cash Processing Solutions (CPS)
Sid was appointed Head of Sales MEA for Cash Processing Solutions (CPS) in 2016. Prior to this he held the position of Head of DLR®9000. Sid joined De La Rue (DLR) in 2015 and focused on building customer relationships globally and selling single note inspection solutions into State and Commercial Print Works. Before joining DLR, Sid spent 5 years with Systems Engineering & Assessment selling high integrity, innovative strategic communication and sensor solutions to Global Governments. He also spent 17 years as an Officer in the British Army.
Presentation Synopsis: Guaranteeing the quality of banknotes before they enter circulation is essential to ensure they meet the expectations of the central bank, both in terms of production quality and performance in circulation. Currently the quality inspection, using Single Note Inspection or sheet inspection takes place in the printworks. However, this presentation will explore the options available to central banks to evaluate for themselves the quality of banknotes they are receiving.
QUALITY CHECK FOR ACCEPTANCE: AN INNOVATIVE AUTOMATIC BANKNOTE BATCH QUALIFICATION (IN COLLABORATION WITH BANQUE DE FRANCE)
Chief Executive Officer
Dr. Michel Popovic received his degree in Electrical Engineering (CUST University, Clermont-Ferrand France) and obtained his PhD Thesis in Electronics in 1993 in Clermont-Ferrand France. From 1988 to 1998, he worked as the R&D project leader at Centralp Automatism (Vénissieux- France) being in charge of the systems architecture development integrating automatic real-time inspection dedicated to industrial applications. In 1998 he co-founded IN-CORE Systèmes, an established technology company known in the field of vision inspection whose expertise focuses on designing imaging systems, line-scan camera based, and providing optical methods for high-value added surfaces inspection, measurements, quality control and process characterization oriented - meant for Printed Electronics applications among many others.
Presentation Synopsis: The banknote production process includes a final quality check known as the Quality Check for Acceptance. Every banknote lot is checked (i.e., four to six million notes). This guarantees that each lot meets the specifc quality standards agreed to with the ordering central bank. The automatic batch qualifcation comprises multiple visual checks of 500 banknotes per hour, re-inspecting the sampled banknotes at very high resolution 600 dpi in visible (R,G,B), IR and UV spectra, and sorting out finished banknotes in three classes: compliant, not compliant, and unidentifed. The banknote re-inspection concerns and assesses all main physical characteristics and visible and invisible features using a fully new concept of sensors, which guarantees perfect repetitiveness. The global harmonization of qualifcation procedures is also ensured. This is even more important as banknote production is performed on multiple machines in different plants (e.g., euro production). This non-subjective qualifcation procedure, which curtails for batch validation, is also dedicated to process improvement. All detected anomalies are precisely classified and the corresponding images are stored to enable the best understanding of the anomalies and the quickest feedback on the process concerned.
Dr. Popovic will describe in detail the Quality Check for Acceptance device, as well as its economical and technical challenges.