_______________________________________________________________________________

Cash

Processing Solutions detector systems , and upgraded with up-to-date systems . That ’ s the first choice to keep your green strategy online . The second strategy is that , if you do want to change your machines , buy different machines , smaller machines , less powerdriven machines .

“ The central banks are very costconscious and , additionally , very environmentally conscious because of the pressure on governments , but the cash-in-transit companies are all about efficiency and how many less people they can use to move these notes around the world . We can tick both boxes with efficiency and sustainability . That was our drive to market and changing the industry ; this is our challenge . We can talk about manufacturing processes and what the notes are made of , but you ’ re only going to get a greener solution if you can reduce the power and actually improve efficiency .”

Fighting fraud

Constant innovation is quintessential to both CPS and its customers alike , not merely for efficiency purposes but to stay ahead of scammers and fraud . Digital data and evolving technologies are crucial to preventing cash crime .

“ Digital is at the forefront of our strategy ,” says Barrie . “ Banks stay ahead of the fraudsters by changing the design of their note . The banks supply us with their sensors , and banks are continuously redesigning their templates . Therefore , our technology has got to find different ways . In the old days , attempts were made to photocopy a five-pound note . Nowadays it ’ s pretty tough .

“ The second issue is AI . The banks stay ahead of AI , but they can never be completely ahead of fraudsters . When it comes to coding , you have to be a bit more careful because it opens up a whole regime , so it ’ s important that banks bring in standardization where they can .

“ As for algorithms and intelligence machinery ? AI is just going to speed that up a bit more . But we need to move quicker to actually make sure we stay ahead of the game .”

As newer innovations such as AI continue to develop , CPS intends to stay one step ahead and maintain its position as the global leader in cash processing . The business is looking to expand further into the retail sector and develop technologies that go beyond hard cash . The economy and cash sector are ever-changing , but one thing is certain : CPS will remain at the forefront of the industry . ■

www . cps-group . net

SPECIALISTS IN THE SPECIFICATION AND PROVISION OF PRECISION BELTS , ROLLERS , SHAFTS AND MOULDED PARTS .

f Your requirements promptly identified and actioned . f Technical support from conception to production . f First class quality and service . f Over 30 years of experience in the belting industry .

TYPICAL APPLICATIONS :

f ATM ’ s , Cash Recyclers , Banknote Validators , Card Processing , Cheque Processing , Card Readers .

f Inkjet Printers , Copiers , Document Scanners . f Imaging & Recording , CCTV .

WE ARE PROUD

TO SUPPORT CPS

WWW . BELTING-SOLUTIONS . CO . UK

+ 44 ( 0 ) 1858 434458 | info @ belting-solutions . co . uk

manufacturing-today . com 107