Publication of the Code of Conduct for the Authentication of Machine-Dispensed Banknotes

Following a consultation which began in February, the Strategic Cash Group (SCG) today published the final version of the Code of Conduct for the Authentication of Machine-Dispensed Banknotes (‘the Code’).
Published on 22 July 2013

It also published its formal response to the consultation, the results of which are reflected in the Code.

The Code sets out banknote authentication standards for those businesses that self-fill their ATMs or self-service check-outs using banknotes tended by members of the public (a process known as ‘local recycling’). These are comparable to the high standards already required of the wholesale cash industry (which continues to supply the vast majority of banknotes acquired by the public). Nearly thirty consultation responses were received from ATM deployment, retail, banking, cash-in-transit and other companies.

PDFPress release

 


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