News

Banknotes are one of the most visible symbols of a nation’s identity and culture. They are a physical representation of a nation’s history, its values, and its aspirations. As such, they have been used to promote national identity and culture for centuries.

In the course of Unixfor’s development of the new APS Compact self-service kiosk series, CI Tech Components as a long-term partner provided its banknote acceptance technology, the CI Note Line CI 20-00.

A study published on February 16, by the University of St. Gallen and the ZHAW (School of management and law) shows that after the corona pandemic, cash is again the most mused payment method in Switzerland. Around every third payment is made in cash.

In November 2022, ICA traffic successfully put into operation its Dualis 2000 S TVM with CI Note Line Recycling solution at the Stadtbus Lindau. The user-friendly and barrier-free stationary vending machines are installed at the central transfer points.

On January 1st, 2023, Croatia became the 20th member of the eurozone, replacing its kuna with the euro. The kuna can be used alongside the euro until January 15th, before being completely replaced by the euro. The kuna will be exchanged at a conversion rate of €1 to HRK7.5. According to the European Commission 70% of ATMs in the country already distribute euros.

CI Tech wishes you a Happy Holiday Season and a healthy, prosperous and successful new year. Our offices will be closed from December 24 until January 1, 2023. For urgent support requests please contact your personal sales manager or support@citech.com.

Today the European Central Bank (ECB) launched the second survey about the payment attitudes and behaviors of euro area citizens within the Eurosystem. The ECB collected data in 17 euro countries through a survey of a random sample of population. The final report shows the following 8 key results.

In challenging applications such as toll gates, CI Note Line processes up to 1’000 banknotes per day and has to handle all types of banknote quality and payment behavior. To nevertheless guarantee highest uptime and reliability, the module stands out with the following features.

In view of the current tense global situation, CI Tech has implemented various measures to guarantee its customers price & delivery stability (max. lead time of 3 months).

We would like to inform our customers that the CI Tech staff is on Easter Holidays from April 15 – 18. In urgent cases, please contact support@citech.com or your designated salesperson.

On November 2021, CI Tech confirmed with its CI Note Line “C” Sensor Version the Bank of England’s Gold Standard certification with the latest test deck for the second time after 2019. CI Tech is one of the few manufacturers in its segment achieving with the Gold Standard the highest of the three certification levels.

It was a special New Year’s Eve when the new euro banknotes and coins entered circulation 20 years ago, on 1 January 2002. Everywhere in the euro zone, which at the time comprised twelve member states, 300 million Europeans held a completely new currency in their hands.

Back in January 2021 the Transport for London (TfL) authority has abandoned its initial plans to make the London Underground completely cash-free and the Swiss railway company BLS AG completed in September 2021 tests with cashless TVMs showing that many customers still would like to pay cash. What are the reasons and challenges behind these findings?

CI Tech supplied ICA for the first time with a banknote recycler. In an interview with the COO of ICA Group, Mr. Stefan Walko, we talked about the reasons for choosing the new banknote recycler and key factors that led to success in this cooperation.

On May 20, 2021, Europol, the German Regional Criminal Police and the Italian Finance Corps, dismantled an organized crime group involved in the production and distribution of counterfeit banknotes.

CI Tech is pleased to announce the opening of its new branch in Germany. This is CI Tech’s response to its growing presence in the European market and to customer demands for available services within the EU.

CI Tech is delighted to supply banknote handling machines for the TVM’s to be installed in the following AFC tender projects:

CI Tech delivers upgraded Banknote Sensors and Currency Templates including the new 100-franc note. The sixth and final denomination concludes issuance of new banknote series.

CI Note Line “C” and BIM 2020 CR 90 “C” received Bank of England’s (BoE) new Gold Standard certification on July 17, 2019 with the latest test deck.

The €100 and €200 banknotes of the second Euro Series enter circulation today. Customers can download the Single Euro Currency Template with Verification + Fitness function free of charge.

On March 26, 2019 CI Tech Components has been successfully re-certified by TÜV SÜD Management Service GmbH for a further three years in compliance with ISO 9001:2015.

Philadelphia mayor Jim Kenney recently signed into law an amendment requiring most businesses to accept cash as a payment. The law will go into effect on July 1, 2019.

The new banknote was presented by the Swiss National Bank (SNB) on March 5, 2019. It goes into circulation on March 13, 2019. According to SNB, there were 50 million units in circulation at the end of 2017

One week ago the European Central Bank (ECB) unveiled the new € 100 and € 200 banknotes, which will enter into circulation on May 28, 2019.

CI Tech now delivers upgraded Banknote Sensors and Currency Templates including the new 200-franc note.

On July 2, 2018, CI Tech Components AG could welcome the Lions Club Bern-Grauholz, Switzerland in its headquarters.

The central bank of Poland (Narodowy Bank Polski, “NBP”) formally began the certification of banknote authenticity checking or fitness sorting machines as from 1 July 2018.

On June 14, 2018, our CI Note Line product family passed the current Bank of England (BoE) “Sterling Monetary Framework” and for the first time the in March 2018 issued ACBI framework.

On May 31 the Swiss National Bank (SNB) has published the results of the 2017 survey on payment methods displaying the behavior and the use of cash by households in Switzerland.

On November 13, 2017, the Italian police announced the arrest of 13 suspected counterfeiters and the seizure of more than 900’000 high quality fake banknotes with a value of total € 28 million.

On November 22nd, 2017, our CI Note Line product family passed the current ECB authentication and fitness check for recirculation of banknotes with the latest test deck including the new EUR 20 and EUR 50 banknotes.

On May 10th, 2017, our partner Unixfor S.A. successfully passed with its payment kiosk solution APS Compact NL, the current European Central Bank Article 6 framework after a thorough testing conducted by Bank of Greece. The self-service kiosk is equipped with a CI Note Line.

After the successful certification at the ECB and the CBR, CI Tech Components received with the CI Note Line the Bank of England authenticity certificate on the first attempt.