Who is this web page for?
This page is for business owners and users of Automatic Cash Handling Machines. These are machines that accept, count or sort banknotes and automatically decide whether a banknote is counterfeit or genuine. Some also do fitness sorting.
What change is taking place to our banknotes?
The Bank has released into circulation £5, £10 and £20 banknotes of current circulating designs, updated to include the signature of the current Chief Cashier - Chris Salmon. This took place from 12 September 2012. Other than the signature change the banknotes and their security features will look identical to the existing notes.
These banknotes have also been manufactured using newer printing technology. This is also applied to the £50 (Boulton and Watt) which already shows Chris Salmon’s signature on the front from first issue.
These banknotes will co-circulate with existing notes bearing the signature of Andrew Bailey, the former Chief Cashier. There are no plans to actively remove ‘Andrew Bailey’ notes from circulation, these can continue to be used normally and retain their legal tender status but are expected to reduce in number naturally with time as they become unfit for re-circulation.
The Bank has been actively working with manufacturers of automatic cash handling machines to allow them to test these new notes in advance of their release. This has also enabled them to prepare and release updates of their software, if required, so that their machines can accept them when issued.
What do I need to do now?
Business owners and users of machines can check the following tables to make sure that their manufacturer has been informed and included in our pre-release testing programme. Most manufacturers have informed us that no software updates are necessary.
Where necessary, business owners and users of machines should ensure that they update them in accordance with their manufacturer’s instructions to maintain good acceptance rates of genuine Bank of England banknotes.
Manufacturers (or nominated UK appointed agent) where updates are not necessary according to manufacturers or their appointed agents:
|CI Tech Components AG|
|Cima s.p.a. di Razzaboni & C.|
|Crane Payment Solutions Ltd/ Money Controls Ltd|
|CTS CashPro S.P.A.|
|Cummins Allison Corporation|
|Giesecke und Deverient GmbH|
|Hitachi-Omron Terminal Solutions Corp|
|Innovative Technology Ltd|
|Japan Cash Machine Co. Ltd|
|Kisan Electronics Co. Ltd|
|Laurel Bank Machines Co. Ltd|
|Metric Group Limited|
|NCR (Intelligent Deposit ATMs: BNA-CBV and SDM-ABV|
|NCR (Teller Cash Recyclers)|
|Seetech Co Ltd|
|Soubar Mercantile (UK) Ltd|
|V&T (Wei Ke) Co. Ltd|
Manufacturers (or nominated UK appointed agent) where an update is necessary according to manufacturers or their appointed agents:
|Billcoin Systems Intl.AB |
|De La Rue International Ltd|
|Global Payment Technologies|
Other manufacturers (or nominated UK appointed agents) that have been informed of our programme and invited to participate in our pre-release testing programme:
|360 Cash Ltd|
|SBM Co. Ltd|
Frequently Asked Questions
1. Why is the Bank doing this?
Chris Salmon replaced Andrew Bailey as the Chief Cashier in 2011, and banknotes are being printed to reflect this as part of the Promissory Clause on each banknote. Many other issuing banks also make these changes when the signatory to the banknotes changes over time. In order to reduce the impact on the cash industry this change has been introduced at the same time as the banknotes are being printed using new technology.
2. Will the notes look different?
No, the notes will look identical to the existing circulating notes, except for the replacement of the signatory Andrew Bailey for Chris Salmon.
3. Will the notes still be accepted by automatic cash handling machines?
Both changes may have caused some automatic machines to not recognise the banknotes. The Bank has been proactive in engaging with manufacturers early so that they can test and update their machines if necessary in readiness for the change. Testing has shown that the vast majority of machines do not require an update.
4. Why is the old-style £50 (Houblon) not included?
This banknote has not been printed for some time, following the introduction into circulation of the new-style £50 (Boulton and Watt) in November 2011, and therefore is excluded from this programme of change.
5. Are ‘Andrew Bailey’ signed notes still legal tender?
Yes, if they are of the currently circulating designs of the £5 (Fry), £10 (Darwin), £20 (Smith) and old-style £50 (Houblon). More information on current banknotes can be found at http://www.bankofengland.co.uk/banknotes/Pages/current/default.aspx
6. My manufacturer or supplier is not listed what should I do?
It could be that your machine uses the internal parts of another manufacturer which has been included in the test programme. In the first instance please check with your original equipment supplier for further information. If this is not successful or satisfactory please contact us at the following e-mail address: email@example.com Manufacturers are free to apply to join our pre-testing programme at any time. We believe that the vast majority of machine manufacturers’ equipment in use in the UK is covered by the manufacturers identified in the tables above.
7. What is the newer technology used to print these notes?
The new technology is being used by the Bank’s banknote supplier. It involves the manufacture of printing plates directly from computer generated graphical information, known as ‘Computer to Plate’ technology, commonly referred to as ‘CTP’ in the Printing Industry.