Tuesday , January 19 2021

Cash-handling machines are being upgraded to handle the new $ 10 Viola Desmond Bills



Toronto – Thousands of cash handling machines need to be upgraded to handle Canada's exclusive new $ 10 bill across the country, in which Nova Scotia has shown the vertical portrait of civil rights lawyer Viola Desmond, while some others are still waiting for changes. Banknotes

Ensuring vending and other machines can read a new polymer note, which requires a software upgrade for each device.

Spencer Baxter, owner of Value Vending Services in Nova Scotia, said his 125 devices would not accept new bills. After upgrading them all, they do not have an opportunity to chance yet, driving machines at different locations costs about $ 10 after driving and labor time.

"It's time and money," said Haxiffax Baxter. "Whenever they change them, we need to upgrade."

After their release in mid-November, the Canadian bank has made available financial institutions 19.6 million new notes, and about 16.9 million of them are now believed to be in circulation. Conversely, at the end of November, 10 notes of $ 158 million came in circulation, Central Bank said.

"With almost half a million cash handling machines in Canada for various uses, it is because they will not accept this note from the day of acceptance of this note," said bank spokeswoman Rebecca Spence. Canada "In that case, the bank's advice is: If the $ 10 note-rich cash-handling machine with a Royal Dandmunder is not accepted by the machine, use the previous regular circulation note instead."

The Montreal Transit Regional Transit Agency, Matrolinks, said that he knew that the new costs would be a problem for his Presto and other machines used to buy a ride on bus, subway and commuter trains.

Senior media manager with the transit agency, Marie Aikins said that most of the devices have already been rearranged. He said that Upgrades, the cost of doing business in a self-managed volunteer community.

She said, "Beautiful $ 10 bill is standing in its image, which has thrown the vending machine." "We have to make sure that they are all advanced. That's not a big deal, it's just a matter of meeting them."

In 2011, new bill introduced in 2012, transmitting old cotton-paper banknotes of polymer notes, or mild lounges and tonies, with a suite of security features, seems to have diminished aggression. In those cases, some vending-machine operators complained that they were ill for change and they were forced to downgrade the unhappy customers and the time and money-fixing machines for refusing to recognize the new currency were spent.

Bank of Canada said it was working with financial institutions and equipment manufacturers to reduce the impact of the new $ 10 bill on the cash handling industry. The bank said that other Canadian polymer notes keep machine-readable features and are printed on the same content.

The bank also said that in order to ensure machine preparedness, they provide test notes in advance to the equipment manufacturers.

In addition, with a gradual roll-out, the proportion of the bills has been entered into public wallet and purse and then the machine has so far been reduced. This has helped owners and operators to create breathing space to override their devices.

Ikines said, "People, like me, got my first one and I keep it." "The time (bill) most often results in circulation, it will improve."

Chris Stageyau, chairman of the Canadian Automatic Merchandising Association, said the introduction of the Viola Desmond Bill has been simplified.

"Our bill recognitions require new software, such as a coin or bill change is expected," said Steigheus. "There is no problem with it."


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