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Archive for June 3, 2015

03
Jun

Currency Counting Machines Battling Counterfeiting Since 1980

Written by admin. Posted in Case management solution, Cheque or check, What is a cash recycler

Currency counter machines

Counterfeiting is a crime that has been around for centuries — if not longer. You could argue that counterfeiting has been around since, well, money itself! In modern times, especially beginning in the 19th century when banks printed their own money, counterfeiting has been a huge problem. Did you know, for instance, that the famous United States Secret Service was created in 1865, just months after the American Civil War ended, to go after counterfeiting operations? Though the Secret Service has since expanded its operations, it still investigates counterfeiting crimes today, as do many other government agencies in the U.S., Canada, and countries throughout the world. Just a few days ago, an American in Pennsylvania was sentenced to four years in prison for creating fake $100 notes!

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