Compliance Updates
JCM Global Achieves Recognition from Bank of England for Outstanding Performance in Banknote Handling Tests
JCM Global has announced that several of its banknote handling devices have successfully passed the rigorous testing conducted by the Bank of England (BoE). The devices that passed include:
UBA PRO
UBA PRO RTQ
MRX
iVIZION
EBA-40
The BoE’s test is comprehensive, consisting of two main parts. First, it evaluates whether genuine banknotes are accurately accepted by the devices. Second, it tests the devices’ ability to reject counterfeit banknotes, including those inserted in all four possible orientations. In addition to counterfeits commonly found in the market, the BoE also uses specially prepared Machine Artificial Counterfeits (MAC notes), which must not be accepted by the devices. The testing criteria have been further tightened as of early 2024, making this achievement even more significant.
Moreover, JCM’s devices have been tested with banknotes and counterfeit money from other UK banks such as the Bank of Ireland and the Bank of Scotland. Its devices are already equipped to recognize the new “King Charles” banknotes, even though these are not yet part of the official test.
This accomplishment underscores JCM’s commitment to providing high-quality, reliable banknote handling solutions. Their continued success in passing these stringent tests reflects their dedication to excellence and proactive approach to evolving market requirements.
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