How AccuBANKER Counterfeit Detectors Can Help.
We all understand that fake money poses serious financial risks, yet it goes beyond that, undermining trust in transactions and even contributing to criminal activities. One defense against this is the use of counterfeit detectors.
Do you need counterfeit protection?
Counterfeit money isn’t often seen as a major problem. With the idea that cash is in decline, its risks are often underestimated – until data shows losses of thousands of dollars. For businesses, these losses can quickly add up, impacting both revenue and reputation. According to the U.S. Secret Service, $100 million worth of counterfeit money was removed from the U.S. financial system in 2020 alone. This figure only scratches the surface, as many fake bills circulating are still undetected.
A lifesaver for corporate security: counterfeit detectors
Counterfeit detectors help prevent confrontations with customers and can be considered an ally in customer service.
Consider a scenario where a busy, untrained employee takes a bill and is unsure of its authenticity or how to handle the situation with the customer. This uncertainty can quickly escalate into a conflict. AccuBANKER Counterfeit Detectors minimize confrontation by scanning multiple security features in under a second and providing an audiovisual notification that’s clear to both the customer and store employee. This shifts the focus to technology, not the employee’s personal judgement.
Did you know that knowingly passing counterfeit money is a federal crime? So, using an automatic detector can ensure compliance with the law, shielding businesses from potential legal repercussions.
So, how to handle a counterfeit bill?
The Secret Service offers various recommendations if you receive a counterfeit bill:
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Depending on company policy, do not return the bill to the customer
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Be vigilant of the person and the surroundings
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Contact your local Police Department or Secret Service
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Surrender the note to the authorities
All around protection
When you become a corporate partner, we’ll share general suggestions based on our four decades of experience that can inform your company’s policies. A common strategy to deter counterfeiting is the placement of stickers provided with every unit indicating the use of our machines.
By now you know that AccuBANKER Counterfeit Detectors protect businesses from financial and legal problems and will help you have better customer relationships. To learn more, explore our comprehensive line of options available for every industry.