For decentralized systems, secure solutions such as banknote punching devices can be provided. Recent success has shown the demand for those compact units. Hunkeler has sold 25 units that will be installed in several branches of a National Bank in Africa this summer.
There are several reasons why banknotes need to be destroyed, some on a daily basis and others intermittently. Good or fit banknotes also sometimes require secure destruction – the most common being when a new banknote or series is introduced to replace the existing one and their co-circulation is kept to a minimum, and much less often when demonetization takes place.
Banknote waste can be generated at every stage of the production process - from rejected paper due to defective watermarks, pin holes, inferior, missing or out of position thread, rejected printed sheets due to print issues, rejected banknotes due to print or numbering issues; basically, banknote production is very tightly quality controlled and waste is inevitable due to set-ups and imperfections.
To ensure the integrity of the process, accumulated waste needs to be securely, safely and professionally disposed of, without any interference in the production process. However, the main requirement for secure destruction in the banknote industry is for used banknotes – mainly those deemed as unfit on a daily basis but also occasionally for fit banknotes at times of change.
In the ‘old days’ such waste was mainly disposed of by incineration, whereas today, by contrast, production waste and banknotes are disposed of using automated sorting, shredding, granulating, briquetting and waste disposal systems. Incineration remains a key mode of disposal of the end ‘product’ but, unlike before, the waste is secure. Landfill is another, while these days waste is increasingly being recycled too into other products.
According to Hunkeler, industrial systems must be able to guarantee product quality, production safety and the integration of the different collection points and materials into one central disposal system, as well as continuous transparency during the entire process. Every step has to be monitored and managed -- it is the super-ordinate management of a systems solution, which is the backbone of every production process. Ultimately, secure disposal systems require custom designed solutions based on engineering and visualization of the processes with complete software programming and development.
A 100% or totally secure process is the base of every banknote sorting system or waste disposal solution, or both. The solutions can consist of inline or offline components or the combination of both. For decentralized systems, secure solutions such as banknote punching devices can be provided. Recent success has shown the demand for those compact units. Hunkeler has sold 25 units that will be installed in several branches of a National Bank in Africa this summer.
Hunkeler systems can deal with all types of substrates including polymer and hybrids. Several central banks around the world have already taken advantage of the company’s engineering and software capability and its considerable experience in automated paper handling operations.