Latest News

Astrid Mitchell

24 Aug. 2023

2 min read

NCR Moves Forward with Separation Plan

Plans for the separation of NCR Corporation into two separate businesses is moving apace, with the US Securities and Exchange Commission declaring effective the registration on Form 10. The two new businesses, NCR Atleos and NCR Voyix, will focus on ATMs and digital commerce in retail, hospitality and banking, respectively.

Companies

Astrid Mitchell

31 July 2023

2 min read

IN Groupe Buys GSI

IN Groupe, owners of the optical features specialist SURYS, has agreed to buy 100% of the shares of Gleitsmann Security Inks from hubergroup Deutschland for an undisclosed consideration in cash.

Companies

Astrid Mitchell

31 July 2023

3 min read

Royal Mint Invests in New Future to Offset Falling Demand

The Royal Mint (TRM) announced its results for 2022/23 which, according to Anne Jessopp, its Chief Executive, was a pivotal year as it embarked on a five year business transformation plan.

Coins Companies Sustainability

31 July 2023

12 min read

SURYS – Acquisitions Point to Ambitions in Physical and Digital Security

Currency News spoke to Frederic Trojani, CEO of SURYS and Executive Vice President for the Secured Components Division of IN Groupe, about the company’s history, how being part of IN Groupe is helping it fulfil its ambitions in the currency market, and the benefits that the two recent acquisitions will bring.

Companies

Astrid Mitchell

31 July 2023

2 min read

New Printworks for Poland

The Polish state-owned printer and papermaker PWPW is building a new banknote printing plant and paper mill on an 18-hectare site in Warsaw, recently purchased from the state-owned pharmaceutical company Polfa Tarchomin for PLN 143 million (€32 million).

Companies

Astrid Mitchell

31 July 2023

2 min read

KURZ Recognised for Sustainability Progress

KURZ, the market leader in security foils for banknotes, has announced that it has been awarded a silver medal from the well-known sustainability rating agency EcoVadis, having achieved excellent results in all four areas examined – the environment, labour and human rights, ethics and sustainable procurement.

Companies Sustainability

Astrid Mitchell

2 July 2023

3 min read

Signs of Recovery as De La Rue Resolves Financial Issues

De la Rue has announced its results for the financial year ending March 2023. These were eagerly awaited following a trading update issued by the company April (see CN April 2023).

Companies

Astrid Mitchell

2 July 2023

2 min read

Cash Community Initiatives from CashEssentials

The independent think tank CashEssentials has launched two new initiatives – the Cash Academic Network and the Cash Associations’ Forum – both aimed at building bridges within different groups of the cash community.

Companies

Astrid Mitchell

2 July 2023

3 min read

Diebold Nixdorf Enters Chapter 11 to Restructure Debt

Whilst NCR appears to be going from strength to strength, the same cannot be said of Diebold Nixdorf, No 2 in the marketplace.

Companies

Astrid Mitchell

2 July 2023

3 min read

NCR – Momentum Builds for Separation

NCR Corporation is the market leader in self-service banking and payment solutions, with a turnover of $7.83 billion in 2022, more than double that of its nearest rival, Diebold Nixdorf (see below).

Companies

Astrid Mitchell

2 July 2023

2 min read

A Good Year for South Africa’s Producers

In its annual report for 2022-23, the South African Reserve Bank (SARB) has provided details of the financial performance of its minting and banknote printing subsidiaries South African Mint (SAM) and South African Bank Note (SABN).

Central Banks Companies

Astrid Mitchell

2 July 2023

3 min read

Indian Banknote Firm Eyes Global Growth

‘Make in India’, the long-running government-sponsored initiative to ‘on-shore’ production and reduce imports, is now resulting in Indian entities becoming global providers.

Banknotes Companies

Astrid Mitchell

2 July 2023

4 min read

Armaguard/Prosegur Merger Goes Ahead

The Australian Competition and Consumer Commission (ACCC) has finally approved the merger of Australia’s two largest cash in transit companies – Linfox Armaguard and Prosegur Australia. The merger will create a single cash logistics provider, operating under the Armaguard name, with an estimated market share of more than 90%.

Companies

Astrid Mitchell

29 May 2023

2 min read

New Partnership to Drive New Solutions for OVD Foil Application

Koenig & Bauer Banknote Solutions (KBBNS) and GIETZ have announced a new strategic partnership in the domain of OVD application for banknotes.

Companies

Astrid Mitchell

29 May 2023

2 min read

Authentix Begins Production of CDI2 Compliant Detectors for Fed

Authentix has announced that it is now in commercial production of the world’s first CDI2 compliant banknote detectors including GemVision™, a CDI2 compliant fitness solution for the determination of banknote quality.

Companies Technology

Astrid Mitchell

29 May 2023

2 min read

2022: Royal Canadian Mint Meets Expectations

The Royal Canadian Mint has published its results for 2022, stating that, whilst its financial performance was below 2021 levels, this was expected given the exceptional performance seen in 2021, and planned operational maintenance in 2022. The Mint still exceeded its financial goals for 2022, as set out in the Corporate Plan.

Companies

Astrid Mitchell

29 May 2023

4 min read

IN Groupe Acquires Portals’ Italian Security Business

IN Groupe, global specialist in identities and digital services and owner of the OVD developer SURYS, has announced that it has signed an agreement with Portals, the UK supplier of security features and, until recently, banknote paper, for the sale of its security components business. Based in Bollate in Italy, the business was acquired by Portals from Fedrigoni in 2021.

Companies

Astrid Mitchell

29 May 2023

3 min read

Glory Results Impaired by Post COVID Supply and Cost Issues

Glory – the Japanese developer of cash handling, management and automation systems for the financial, retail, vending, transportation and gaming sectors – saw sales recover in 2022-23.

Companies

Astrid Mitchell

25 May 2023

3 min read

People in the News

Federal Reserve Financial Services and the Federal Reserve Bank of San Francisco have appointed Steve Son as Senior Vice President and Head of FedCash Services Business Solutions and Support, a position previously held by Kathleen Young before she was promoted to Chief of FedCash Services.

Companies

Astrid Mitchell

24 May 2023

4 min read

Koenig & Bauer Invests in the Green Future of Currency

As noted in the April issue of Currency News™, in which we covered Koenig & Bauer’s annual results for 2022, Koenig & Bauer Banknote Solutions (KBBNS) is demonstrating its commitment to the future of currency through a range of new investments in processes, technologies and services.

Companies Sustainability Technology