Archive for April 20, 2015
Counting money is not as glamorous as it sounds. Before the invention of currency sorting machines in 1980, bills and coins had to be counting by hand. In order to prevent human error, money counting usually took at least two people and took a considerably long time. In addition, money counters repeated the process two or even three times to make sure they didn’t make a mistake. Needless to say, this process annoyed banks, financial organizations, and governments alike.
However, with modern cash management systems, people can have their money counted in a matter of minutes. These systems use high quality scanners to account for the money and, moreover,