There are many reasons for retailers to use money counters in their operations. The most important of these is dealing with counterfeit money. Many criminals will pass off fake bills, especially those of high values such as $20 or $50, to get real change. There are several outfits out there that regularly attempt to create counterfeits for the sake of buying the items they want without feeling any need to pay for them. Combating this requires automated technology, which can detect fraudulent cash while sorting out money. Such a function limits the ability of shady customers to damage business operations.
In central California, recent developments have given some concern to law enforcement officials and local businesses. For example, in Vacaville, there's been an increase in the number of counterfeit bills in the area. Fox 40 reported that local police found four cases of counterfeits in just the last couple weeks alone. This is despite changes to higher marked bills such as the $50 and $100 that are meant to deter counterfeiters. What is most challenging about this situation is that there isn't really a sophisticated crime ring enabling this effort, merely the entrepreneurial actions of a few people who have access to a high-quality printer and the right software. They would then bleach $10 bills and reprint them to fit the fake money they needed.
Still, small counterfeiting rings do appear from time to time, as seen further south in Kern County. Police in Bakersfield conducted a raid that led to the arrest of four people for manufacturing the fake bills as well as possessing methamphetamine and related drug paraphernalia, according to news site Bakersfield Now. In a case that started in near by Tehachapi, more than $5,000 of the fraudulent cash was seized. What caught law enforcement off-guard about the bills was their quality: While definitively fraudulent, the perpetrators made a considerable effort to make the bills as authentic as possible. There were even attempts to implement security strips into the bills.
With this in mind, vigilance is necessary to limit the number of counterfeit bills that circulate among local businesses. Cash counters can address this by quickly and effectively determining the authenticity of bills. Such measures can help retailers minimize the impact of counterfeiters on their bottom lines and their communities.
May 1, 2015