Know Your Money
May 24, 2011 | Business
Know Your Money
In an effort to ensure that our Business partners have the knowledge and resources needed to provide customers with the best service as well as prevent the real economic loss experienced by businesses that receive counterfeit notes, we want to inform you about important changes in something you deal with every day ─ money!
The US government recently revealed a redesigned $100 note, and we want to be sure you are prepared.
Law enforcement officials warn that businesses can be particularly vulnerable to counterfeiters when a new currency design is first issued; if your employees aren't informed about the new design, counterfeiters can take advantage of the lack of knowledge and awareness to pass fakes. That is why we are making it a priority to educate our Business partners about the redesigned $100 note before it begins circulating ─ we know education will help reduce confusion and ultimately prevent loss.
In order to ensure that your employees are familiar with the new $100 note, we encourage you to use the free training materials and resources the US government has developed for your use. There are a variety of materials to choose from, ranging from a video you can show to employees as a group to posters you can hang in the break room, to web-based training tools each employee can use individually.
The materials are focused on training cash handlers how to check new $100 notes to be sure they are genuine. Not only does the redesigned $100 note look different but it also includes new, easy-to-use security features that are particularly useful, because employees can check them quickly and discreetly. The new $100 note also retains a number of other security features from the older-design note that we want to be sure your employees recognize.
Please take time to familiarize yourself with the new $100 note and the resources available to help prepare your team. By taking steps now, we can ensure that everyone knows about changes coming to the $100 note, thereby avoiding confusion at the point of sale.