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Cashmaster offers complete Polymer Ready Solution

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Cashmaster International, one of the leading companies in the global cash management sector, is moving swiftly to offer its UK customers a complete solution to the imminent introduction of the new polymer notes.

On 26 August 2015, Cashmaster launches its ‘Be Polymer Ready’ upgrade pack to all UK customers. In addition, all new Cashmaster machines will be fully polymer compatible with immediate effect and the Cashmaster Delta counterfeit note detector is also configured to work with polymer notes.

Cashmaster is one of the first count-by-weight solution providers to be fully compliant with the current Scottish polymer £5 note, issued by Clydesdale Bank earlier this year, and the upcoming releases by the Bank of England of their £5 and £10 in 2016/17, which are all pre-programmed. There are 25 other countries worldwide now using polymer notes.

The Cashmaster ‘Be Polymer Ready’ upgrade pack will allow customers to count both polymer and paper notes. The upgrade only takes a few minutes to complete, after which time customers can confidently integrate polymer note counting into their business processes with immediate effect.

As a leading, global player in the delivery of cash counting and loss prevention solutions, I am delighted to confirm that our current range of products are now ready for the introduction of polymer notes. For our existing and new customers, this is a significant milestone.Gordon McKie CEO, Cashmaster International
Our customers want the integration of these new notes to be as seamless as possible – and by launching our upgrade pack now, our existing customers will find the gradual introduction of the notes very easy to cope with. The simple software solution will mean our existing customers can be polymer ready in just a few minutes. New customers, too, will be immediately fully polymer compatible as all new Cashmaster count-by-weight products for the UK are pre-programmed with the new polymer data.
Matt Jaeger Commercial Director, Cashmaster International

Customers can get their ‘Be Polymer Ready’ upgrade pack online at www.cashmaster.com or by phoning the customer support team at 01383 421313. The Cashmaster ‘Be Polymer Ready’ upgrade pack is available from £25.00 + VAT (a one-off payment)

For additional information please contact our marketing team at marketing@cashmaster.com or on 01383 416098.

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Notes to Editors

In March 2014, an MBI team comprising Malcolm Offord and Gordon McKie concluded the purchase of Cashmaster International from the previous owners.

Malcolm Offord is a Senior Adviser (and former Senior Partner) to Charterhouse Capital Partners, a leading global financial group. Malcolm spent 25 years in the City of London with Lazard, 3i and Bankers Trust Co of New York. In 2014, he established the private equity boutique Badenoch & Co. in Edinburgh.

Gordon McKie is an established CEO with a track record across a number of sectors including manufacturing, engineering, electronics, insurance services and sport/leisure. From 2005 - 2011 he was CEO at the Scottish Rugby Union (SRU), successfully increasing commercial revenues of the organisation, returning it to profitability.

Cashmaster International is a global company which specializes in the design and manufacture of count-by-weight ‘cash counting’ products. Each Cashmaster count-by-weight machine is built to the highest standard with the most advanced technology.

Cashmaster’s ‘cash counting’ products are designed and manufactured in Rosyth, Scotland, which also accommodates the company’s global sales, marketing and customer support teams.

The company has offices in Europe and the USA with distributors across the world. Clients include some of the world’s largest Blue Chip international companies in the retail, banking and restaurant sectors such as Dollar General, LIDL, ASDA, Panera Bread, Starbucks, McDonald’s, AT&T, NAB and ANZ.

Cashmaster International has over 30 years’ experience in creating innovative and reliable cash handling solutions for a wide range of clients. Cashmaster’s deep understanding of the extended cash cycle means they are able to support customers to minimise losses (from shrinkage/employee theft) and improve their cash handling processes.

www.cashmaster.com

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