Detection & Cash Automation
Advances in the automation of the cash management process have given central banks the opportunity to reduce costs, improve efficiency and promote sustainability. Consequently, in the modern cash cycle, banknotes now interface with technology more than ever before. Automation is vital in maintaining the security and confidence in cash as well as improving the efficiency and integrity of the cash cycle. All of which ensures that banknotes continue to remain relevant, viable and practical. Therefore, features on a banknote which can be integrated and read by cash processing technologies have become increasingly vital.
Inovink's machine-readable technology, known as mIRage, plays an integral part in the life of a banknote from its inception at the print factory during quality control, right through to destruction at the central bank as an unfit banknote.
The unique characteristics of our features enhance banknote security whilst simultaneously continuing the capability of being detected by existing (and next generation) banknote equipment detectors and high-speed banknote sorters, with no equipment modification required. Put another way, there is no need to upgrade machine detection when introducing mIRage.
Inovink's machine-readable features do not require special bespoke sensors or expensive upgrades to function in the cash cycle infrastructure of any country. Inovink's security features can be read by current technologies used in high-speed banknote sorters, desktop solutions and by stand alone BEM machines. mIRage remains relevant throughout the life of a banknote series allowing for subsequent new issues or feature upgrades without any redundancy of cash cycle verification technologies in use now and in the future.
Inovink's security features are patent-protected and have passed extensive durability and chemical resistance testing by central banks in the laboratory as well as being subject to successful machine and circulation trials. To date, over 35 billion banknote circulating today are specified with Inovink's technology.