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Counting cash

With the growing demand for cash management solutions in the commercial sector, UK-based company Talaris unveiled its latest model for banknote sorting, the Nsignia, at the Montecasino Conference Centre in Johannesburg last year in partnership with South Africa’s Global Payment Technologies (GPT).

Gavin Doyle, global product manager at Talaris, said that the company has chosen to first take the product to market in Africa, given the significant expansion and growth happening on the continent. “Africa is first in the world for Talaris, and with our history of successful partnership with GPT, South Africa is the right platform for launching Nsignia into Africa,” he said.

The Nsignia is a desktop device for sorting banknotes via a 3-way sort, comprising of valuation, verification and classification. This allows for sorting into three categories: notes fit for circulation, unfit notes that need to be taken out of circulation, and reject notes such as counterfeit notes or notes of different currency. For commercial outlets, such as retailers, cash in transit (CIT) providers, gaming and financial institutions, the benefit of sorting notes and returning them to circulation in-house allows for significant savings in operational costs.

The Nsignia can count up to 800 notes per minute and features three output pockets, improved uptime through reduced opportunity for jamming, easy user interface and easy maintenance. It weighs only 30 kg and is a comfortable desktop size.

“Traditionally the sorting and re-circulation of notes was handled by central banks, but the way that money flows in our economy is changing,” said Doyle. “Now convenience is everything, and cash needs to be quickly and readily available at the furthest outposts.”

Modern cash handling equipment is becoming indispensible as larger retailers begin to offer banking services, incurring costly overheads, and even the smallest convenience stores have in-store ATMs. “Technology is changing to meet these new requirements and the Nsignia is at the cutting edge of automating and streamlining the process of handling cash in all sizes of organisation,” said Doyle.

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