Thursday 19 March 2015

Coin Acceptor - A Smart Solution for Cash Management

A coin acceptor is an electronic device that validates coins deposited based on physical properties. The machine checks the diameter, magnetic content and thickness, and then sends a signal to the output connector. Once deposited, the coins take different routes to start the validation process depending on its mech. Whichever route the coin follows, it will pass through a series of sensors.

Optical and inductive are some of the most common sensors that are used for this purpose. While the optical sensors use light beams to measure the size of the coins, the inductive sensors help in determining the denomination and type. These measurements are done quickly. After the coins have been scanned, the validator decides whether to accept or reject the coins that have been deposited. When the coins pass through the sensors the readings are compared with a pre-programmed parameter that exists in the memory of the coin acceptor. If the coin is not valid, it’s routed back to the reject cup. This will save time and also help you detect counterfeit coins within a short span of time

Advantages of Using an Advanced Cash Management System
Advanced cash management systems  increase workplace efficiency.  Cashiers don’t have to recount coins at regular intervals with a coin collector. It also increases accountability as bills and coins are verified for the denomination and immediately stored in the safe. The main advantage of using an advanced cash management system like a coin acceptor is that it helps in detecting counterfeit coins.