The recent meeting of the influential Central Bank Cash Machine Group (CBCMG) in London saw a presentation from the World Vending Association on optimising bank note validation from the vending industry's perspective.
The CMCMG brings together the central banks of Australia, Canada, Mexico, USA, UK and the ECB, along with the cash validation industries. The WVA has been actively participating in the group's meetings since 2005 and has represented the banknote acceptors' viewpoint ever since.
In her presentation, Catherine Piana highlighted the exceptional progress made with regard to the dialogue between the central banks and the industry, and underlined the need to build on this for the future. She also suggested that the WVA would be open to widening its representation to include manufacturers of currency counting equipment.
Some of the central banks then went on to make a point of their efforts to further improve security features for the benefit of both machine readers and the general public.
"An encouraging outcome of the meeting", said Catherine Piana afterwards, "was evidence of the clear improvement in the understanding of the central banks of the issues, needs and concerns of the manufacturers of banknote validation equipment".
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