News

03.01.2023

Croatia replaces kuna currency with the euro

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.
22.12.2022

Chirstmas: Business hours

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.
20.12.2022

ECB study: cash remains the most used payment method despite the pandemic

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.
15.08.2022

CI Note Line’s high reliability and easy maintenance

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.
05.05.2022

Price & delivery stability for CI Note Line

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).
14.04.2022

Easter holidays: Business hours

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.
25.01.2022

CI Note Line receives Bank of England’s Gold Standard certification for the 2nd time

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.
04.01.2022

20 years of euro banknotes – 6 interesting facts

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.
28.09.2021

Public transport customers and organisations request cash acceptance

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?
21.06.2021

Banknote recycler for ICA ticket vending machines

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.
26.05.2021

Market news: First counterfeit seizure of the new €100

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.
28.04.2021

New branch opening in Germany

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.
20.04.2020

CI Tech supplies banknote handling solutions for Metro projects in China

CI Tech is delighted to supply banknote handling machines for the TVM’s to be installed in the following AFC tender projects:
05.09.2019

New 100-franc note: Currency Template available

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.
20.08.2019

CI Tech modules receive Bank of England’s new Gold Standard certification

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.
28.05.2019

New €100 & €200 banknotes in circulation from today – Currency Template available

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.
21.05.2019

Successful completed ISO 9001:2015 re-certification

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.
12.03.2019

Philadelphia bans cashless stores: further US-cities are considering similar laws

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.
05.03.2019

New 1000-franc note: Currency template available now

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
24.09.2018

New € 100 and € 200 banknotes unveiled

One week ago the European Central Bank (ECB) unveiled the new € 100 and € 200 banknotes, which will enter into circulation on May 28, 2019.
22.08.2018

New 200-franc note: Currency template now available

CI Tech now delivers upgraded Banknote Sensors and Currency Templates including the new 200-franc note.
07.08.2018

Company visit by Lions Club Bern-Grauholz

On July 2, 2018, CI Tech Components AG could welcome the Lions Club Bern-Grauholz, Switzerland in its headquarters.
12.07.2018

Poland: NBP launches authenticity and fitness framework certification procedure

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.
26.06.2018

CI Note Line fulfills latest BoE and new ACBI authenticity frameworks

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.
05.06.2018

Switzerland: cash is making up 70% of all payments

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.
01.12.2017

€ 28 mio. fake banknotes seized. Our measures against counterfeits

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.
30.11.2017

CI Note Line fulfils latest ECB fitness and authenticity frameworks

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.
12.07.2017

Successful ECB certification project with Unixfor

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.
20.02.2017

Bank of England authentication certificate

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.
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