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Time for a change – the new $5 note is coming.

Time for a change – the new $5 note is coming.

September 14, 2016

Many of you will remember how it felt to count up all those bronze one and two cent coins and head off to buy mixed lollies at the corner store. It’s hard to believe that those little coins disappeared from circulation almost 25 years ago now. And no doubt you will recall how strange our plastic money seemed initially – slippery and washing machine proof. It’s been two decades since those polymer notes were first introduced and once again, it’s time for a change. The next generation of notes will be introduced this year with the first, the $5 note, being issued from September.

So how will these new notes differ? The good news is that we won’t feel like Aussie tourists in the US digging through our wallets trying to determine the right banknote to hand over because they’re all the same colour. Our new notes will feature the same faces as the current notes and remain true to their existing size and colour palette. The new designs however, will have additional security features as well as a tactile element to assist the vision-impaired community.

Of course those all-important money machines are also being adapted to meet the currency change. Cashpoint prides itself on being one of the most innovative, flexible and respected ATM companies in the industry and we are currently in the process of upgrading all of our machines to accommodate the new banknotes.

Cashpoint have also become the Australian distributor of the Cummins Allison wide range of cash counting solutions. With the growing need for cash counting technology and changes in currency trends Cashpoint recently showcased the JetScan iFX® i200 currency counter and scanner at the Australasian Gaming Expo in Sydney. It offers 20% faster cash counting with 2 fully functional pockets for increased productivity and it scans the new $5 with ease!

The Cashpoint Management Team have over 75 years of combined ATM experience and the team recognize that delivering an efficient and secure cash dispensing service is of vital importance to our industry customers from hotels, clubs, taverns and retailers across Australia.

Having said that though, we also appreciate that just like those little bronze coins and paper notes, times change and with that, so do our habits. These days, we love convenience and so for many of us, using an ATM has been replaced by the simple swipe of our card. Cashpoint provides services that go well beyond withdrawing cash from that big grey box in the corner.

We consider ourselves as a ‘technology partner’ to our valued customers and offer solutions to make for more productive and streamline services relating to cash.

In cash intensive environments such as gaming, hospitality and retail, there’s a growing need for integrated cash management solutions. Cashpoint offers a comprehensive range of services to meet the needs of their client base such as ATM, POS, Cash Redemption Terminals, EFT Solution, Secure Cash Manager, and Note Breakers. We also integrate Membership Rewards and loyalty programs and Discounted Transactions to include the printing of coupons and vouchers as well as offering Wi Fi Hotspots.

As we look forward to our brand spanking new currency from September this year, we can be assured that Cashpoint are also looking to the future and are keeping an eye on emerging technologies. As a proudly Australian owned and based company providing reliable and innovative products to the gaming and retail market, I’d gladly put bet my NEW $5 note on them…..

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