Cash question ?

grumbler

PeacefulWaters wrote: »

Most ATMs don't use new notes.

Who should get the job of writing down the several thousand unique unsequenced serial numbers when the machine gets restocked?

Theoretically, ATM can easily scan and record numbers when dispensing the banknotes.

No, I am not saying that this would make any sense.

Westie983

are you having a laugh....

what do you think happens when a ATM is restocked!!

the cash is entered in bulk into the cassettes and placed into the machine. ATM notes can be new ones but most of the time they are what is called ATM ready notes, so you don't get scruffy or screwed up notes from a ATM, but as others have said for what reason would you want it to be tracked back to an account. money changes hands far too regularly for it to be viable and tbh I cant think of a reason why someone would want too.

Cornucopia

It's not technically difficult for this to be done. (I'm surprised at people thinking that someone would write down the numbers manually).

I can't see the point, though. Cash is cash... treat it like... well... cash, and don't lose it.

There are some more high tech ATMs around, although most of the technology seems to be for deposits - some of them can recognise and count stacks of banknotes, or read the details from a cheque.

agrinnall

Cornucopia wrote: »

It's not technically difficult for this to be done. (I'm surprised at people thinking that someone would write down the numbers manually).

Really? Do you know of any ATM that can automatically scan and record the serial numbers of notes as they are dispensed? Or do you think it could be done as the cassettes are loaded, and if so, does it happen anywhere? I'm certainly not aware that either method currently exists, although I've been away from the ATM world for a few years now.

grumbler

agrinnall wrote: »

Really? Do you know of any ATM that can automatically scan and record the serial numbers of notes as they are dispensed?

The point is that this can be easily implemented and at very little cost if needed. There is no such ATMs - only because nobody needs this.

This was said merely as a reply to people saying that it would be difficult and expensive to implement.

PeacefulWaters

Sometimes people miss a cynical sense of humour in online posts ...

Cornucopia

PeacefulWaters wrote: »

Sometimes people miss a cynical sense of humour in online posts ...

Sometimes the lack of :rolleyes: is just too great to bear.

chris_m

The only possible reason I can think of for ATMs to have records of all the notes (and it would have to be when loading/restocking the ATMs) would be to assist in catching the people who make a withdrawal using a JCB or forklift - but they'd probably have the contents laundered so quickly that the chances of actually catching them through records of the notes' serial numbers would be so minimal as to completely negate the advantage of recording the numbers.

msallen

I work in the TCR business (Teller Cash Recyclers - sort of like an ATM that a bank teller uses to both deposit and withdraw cash). In some cases cash is taken from these to fill up an ATM. The cash is not handled by a human (or at most is handled in the form of a stack/bundle of notes, not as individual notes) so there is no opportunity to scan in the serial numbers unless it is done by the TCR.

There are no TCRs on the market at present which do this, as speed of operation is a primary concern and this would slow the process down. However some TCRs do scan and record any counterfeit notes that are detected, so the technology is there to do this if there was a demand. However I cannot see any likelihood of this demand.

Cornucopia

The notes are counted individually within the ATM as they are dispensed. The addition of a basic recording facility to this process is trivial. Adding OCR is slightly more complex, but also doable.

The issue is not the technology, but whether there is a need.

https://www.youtube.com/watch?v=cYWHqha2wfk