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    Cash Counting Machine

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    John Michael Gaoiran Gajotan
    A cash counting machine is a device designed to accurately count banknotes. The first coin counting machine was developed in Japan, while the first bill counting machine was invented by a Chinese banker. In the 1920s, the first automatic bill counting machines were produced in the United States to increase efficiency and reduce errors for bank tellers. Modern cash counters use technologies to quickly count money and detect counterfeits, helping ensure accurate accounts and saving time.

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    Cash Counting Machine

    Uploaded by

    John Michael Gaoiran Gajotan
    91 views16 pages
    A cash counting machine is a device designed to accurately count banknotes. The first coin counting machine was developed in Japan, while the first bill counting machine was invented by a Chinese banker. In the 1920s, the first automatic bill counting machines were produced in the United States to increase efficiency and reduce errors for bank tellers. Modern cash counters use technologies to quickly count money and detect counterfeits, helping ensure accurate accounts and saving time.

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    A cash counting machine is a device designed to accurately count banknotes. The first coin counting machine was developed in Japan, while the first bill counting machine was invented by a Chinese banker. In the 1920s, the first automatic bill counting machines were produced in the United States to increase efficiency and reduce errors for bank tellers. Modern cash counters use technologies to quickly count money and detect counterfeits, helping ensure accurate accounts and saving time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    91 views16 pages

    Cash Counting Machine

    Uploaded by

    John Michael Gaoiran Gajotan
    A cash counting machine is a device designed to accurately count banknotes. The first coin counting machine was developed in Japan, while the first bill counting machine was invented by a Chinese banker. In the 1920s, the first automatic bill counting machines were produced in the United States to increase efficiency and reduce errors for bank tellers. Modern cash counters use technologies to quickly count money and detect counterfeits, helping ensure accurate accounts and saving time.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 16

    CASH COUNTING

    MACHINE

    Cyrell Tristan Layug


    Aloha Mae Tapaoan
    Camille Gorospe
    Angel Bayag
    What is a cash
    counting machine?
    A cash counting
    machine is a device
    primarily designed to
    accurately count a
    quantify of banknotes.
    A modern electronic note counter with counterfeit detection capabilities
    A modern electronic coin counter with a dual optical sensor system
    How does cash counting machine work?
    How does a cash counter work?
    Who invented cash
    counters?
    KOKUEI (GLORY LTD)

    - developed the first coin


    counting machine.
    - headquartered in Japan
    ZHI TIAN SEI

    - Chinese banker
    - first inventor of bill
    counting machine.
    EDGAR BISS

    - founder of Tellermate
    - created the first
    count-by-weight
    money counting
    machine
    HISTORY OF AUTOMATIC BILL
    COUNTING MACHINE
    The Federal Bill Counter Company of Washington, D.C.
    produced the first automatic bill counting machines (or
    1920’S money counting machines) in the United States in the
    1920s. These machines were designed to increase
    efficiency in tellers at the Federal Reserve Bank and
    reduce human error.

    It was in the only in the late 1950s that the true


    1950’s currency-counting machine was invented by a
    small-time banker Zhi Tian Sie in China, who invented
    it to win a contest.
    Modern counting machines employ a technology
    1962 developed and introduced in 1962 by Tokyo Calculating
    Machine Works of Shinagawa, Tokyo. It quickly became
    the market leader in terms of increased speed and
    accuracy.
    In 1981, the REI High-Speed machine introduced
    computerized friction note counters, which sped up note
    1981 counting to 72,000 notes per hour and eliminated the need
    for manual sorting and counting entirely. Many of these
    features are present in today's note counting machines,
    some of which can detect a note's security features (e.g.
    magnetic ink, ultraviolet ink, magnetic strip, note density, and
    so on) to identify counterfeit and damaged notes.
    Importance of Bill Counting Machine

    ● It reduces counting errors and helps to ensure


    that your accounts are accurate
    ● Can detects counterfeit money
    ● Saves time and resources
    ● Business’s productivity will rise
    REFERENCES

    ● https://www.logiscenter.eu/news/first-money-counting-machines-history
    ● Wells, Donald (2004) The Federal Reserve System: A History (Chapter
    6) New York: Digital Vision
    ● https://www.scienceabc.com/innovation/how-do-currency-cash-note-mon
    ey-counting-machines-work.html
    ● https://www.tellermate.com/us/news-and-resources/count-by-weight-cas
    h-counting-machines-outweigh-friction-counters/
    THANK YOU FOR
    LISTENING AND GOD
    BLESS!

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