Counting cash

February 2012 Security Services & Risk Management

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.

For more information contact Global Payment Technologies (GPT), +27 (0)11 997 6600, www.gpt.co.za





Share this article:
Share via emailShare via LinkedInPrint this page



Further reading:

Risk management and compliance enforcement
Security Services & Risk Management
Having a risk management and compliance programme (RMCP) is not just a procedural formality; it is a legal requirement under Section 42 of the Financial Intelligence Centre Act (FICA).

Read more...
The dangers of poor-quality solar cables
Security Services & Risk Management Smart Home Automation
Reports indicate that one in six fires attended by South African firefighters is linked to substandard solar installations, often due to faulty wiring or incompatible components.

Read more...
Growing risks for employers
Security Services & Risk Management
With South Africa’s unemployment rate exceeding 32% and expected to rise beyond 33% this year, desperation is fuelling deception in the job market. Trust is no longer a given, it is a gamble.

Read more...
Chubbsafes celebrates 190 years
Gunnebo Safe Storage Africa News & Events Security Services & Risk Management
Chubbsafes marks its 190th anniversary in 2025 and as a highlight of the anniversary celebrations it is launching the Chubbsafes 1835, a limited edition 190th-anniversary collector’s safe.

Read more...
New law enforcement request portal
News & Events Security Services & Risk Management
inDrive launches law enforcement request portal in South Africa to support safety investigations. New portal allows authorised South African law enforcement officials to securely request user data related to safety incidents.

Read more...
Continuous AML risk monitoring
Access Control & Identity Management Security Services & Risk Management Financial (Industry)
AU10TIX, launched continuous risk monitoring as part of its advanced anti-money laundering (AML) solution, empowering businesses to detect behavioural anomalies and emerging threats as they arise.

Read more...
Growing risks for employers
Security Services & Risk Management
With South Africa’s unemployment rate exceeding 32% and expected to rise beyond 33% this year, desperation is fuelling deception in the job market. Trust is no longer a given, it’s a gamble.

Read more...
Managing mining physical security risks
Zulu Consulting Security Services & Risk Management Mining (Industry) Facilities & Building Management
[Sponsored] Risk-IO, a web app from Zulu Consulting, is designed to assist risk managers in automating and streamlining enterprise risk management processes, ensuring no steps are skipped and everything is securely documented.

Read more...
SAFPS issues SAPS impersonation scam warning
News & Events Security Services & Risk Management
The Southern African Fraud Prevention Service (SAFPS) is warning the public against a scam in which scammers pose as members of the South African Police Service (SAPS) and trick and intimidate individuals into handing over personal and financial information.

Read more...
Rewriting the rules of reputation
Technews Publishing Editor's Choice Security Services & Risk Management
Public Relations is more crucial than ever in the generative AI and LLMs age. AI-driven search engines no longer just scan social media or reviews, they prioritise authoritative, editorial content.

Read more...










While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.




© Technews Publishing (Pty) Ltd. | All Rights Reserved.