New £10 note to enter circulation in September

New £10 note to enter circulation in September

Friday, July 21, 2017 Posted by James Walker
All machines will need to be updated to accept the new £10 note before it enters circulation in September

On July 18, on the 200th anniversary of Jane Austen’s death, the Governor of the Bank of England, Mark Carney, unveiled the design of the new £10 note featuring the world-renowned author.

As with the new £5 note, which came into circulation in the UK last year, the updated £10 note will be printed on polymer, and will be the first Bank of England banknote with a tactile feature to help blind and partially sighted users.

With the polymer £10 note due to be rolled out on September 14, spoke with Andy Bullock, business development manager for Innovative Technology, who noted that operators must ensure they update their cash handling systems in time for the new currency.

“All machines will need to be updated to accept the new £10 note before it enters circulation,” Bullock said. “We will offer free updates via our website, well ahead of the new note’s official release date, to allow operators sufficient time to update.

“The idea of changing to polymer caused quite a stir in the UK, but as a leading provider in the industry we are used to working with polymer notes, as countries such as Australia have been using polymer for years.”

Bullock added: “The industry will have to update all of their cash handling devices, and timing is key – especially for larger operators who have thousands of machines out in the field.

“Each site will have to be visited to ensure the whole machine estate is ready for the new tenner’s introduction.”

The old £10 note will be removed from circulation in spring next year. A new polymer £20 note featuring the artist J.M.W. Turner will follow in 2020.

Totally Gaming says: With only two months until the new £10 note is released, operators need to get prepared. To ease the burden, Innovative Technology will release a Smart Update tool next month, allowing multiple validators in the field to be updated quickly and easily.


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