Counterfeiting money has always been a problem since there is no real way to remove it all from circulation. The Secret Service is responsible for detecting and removing counterfeit money from out of society. While they are able to effectively keep fake notes from passing through America’s economy, they cannot stop everything.
In 2011 they seized $261 million dollars in counterfeit bills but each year there could be as much as $300 million dollars that goes undetected. Businesses suffer from counterfeit money and many lose thousands or even millions in profits. Many companies now use counterfeit detectors to prevent fake money from ruining their business.
Currency detectors are one type of counterfeit fighting technology that is used to find bad money. These machines use a variety of different methods to single out fake bills. They are often found in vending machines, self-checkout machines, retail kiosks, automatic fare collection machines, and gaming units at casinos. You can find the highest quality counterfeit detectors for your business at iTestcash.
Currency detectors work by implementing various tests to examine bills and coins whenever they are inserted into a machine. The tests could include optical testing to count pixels, measuring the magnification of a bill through GMR sensor proximity detection and by evaluating the physical attributes of a bill.
UV counterfeit technology is one way that companies evaluate bills. All US bills have fluorescent materials integrated into them. Since they do, fluorescent detectors have been created to measure the amount of fluorescent material contained within a note.
UV light is needed for the process. UV light detection technology is extremely popular with many organizations and businesses because is commonly used by most companies to stop counterfeiting fraud.
Infrared scanners use infrared light to figure out what portions of a bill has infrared ink. Bills in the U.S. and in other countries have some type of infrared ink on them and a scanner is able to pick up on the amount of infrared ink contained within a bill.
Magnified image examination uses magnifying technology to locate different features that are designed into money. Black light testing is another way that detectors can spot fake money. Bills that are $5 and above have vertical bands that shows up under black light. Counterfeit bills do not have this feature.
Coin detectors work by scanning the physical attributes of the bill. They measure attributes such as weight, size, and magnetism. They also check a coin’s metallic signature and its optics to determine if it is artificial. These tests are not 100% effective but they are comprehensive for stemming the tide of counterfeiting.