17 August 2017
Find out more

Banque de France taps G&D for banknote processing

29 April 2014  |  1210 views  |  0 Source: Giesecke & Devrient

The French central bank, Banque de France, is modernizing its cash centers and boosting their level of automation. Giesecke & Devrient (G&D) won the tendering procedure for updating the bank's processing systems over all competitors and was appointed main supplier of Banque de France's banknote processing solutions.

The central element of the future banknote processing solution is G&D's BPS M7 banknote processing system. Thanks to its modular construction, the system can be precisely configured for a variety of customer requirements. Operation is easy, intuitive, and efficient, therefore ensuring optimum productivity. With a throughput of up to 120,000 banknotes per hour- or 2,000 banknotes per minute - Banque de France will be able to significantly increase its efficiency in banknote processing.

G&D solution selected after extensive benchmark testing
The result of the tender procedure is based on a very thorough and extensive theoretical and practical examination of all applicants' tenders. "As an experienced technology and innovation partner, we presented the client with a technically innovative and reliable single-source solution that handles every step of the process, from automatically filling the system with banknotes to the final banding and packaging of banknote bundles. G&D's BPS M7 system is a highly innovative solution incorporating the continuous feeding of banknotes, the technologically sophisticated NotaScan sensor system, and easy-to-use, highly effective NotaPack packing technology. These features enable our solutions to be adapted to local conditions in Banque de France cash centers with regard to floorspace and weight," stated Florian Reithmeier, head of the Banknote Processing division at G&D. 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10228 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9569 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9398 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8408 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7888 views comments | 1 tweets | 2 linkedin