ATM Makers Get First Look At New $10 Bills

Register now

The Federal Reserve and the Bureau of Engraving and Printing have started working with ATM manufacturers to make sure they are ready for the new $10 bill. The redesigned notes will be issued in early 2006 as part of the Federal Reserve's attempt to thwart counterfeiters. ATM manufacturers were invited to the Bureau of Engraving's Forth Worth, Texas plant last month and brought their ATMs along with them to test the bill on their machines.

The Bureau of Engraving's policy is to give ATM manufacturers advance information about new bill designs, so they can make the necessary technical adjustments to their machines. The note tested at Fort Worth only contained around 50% of the new features that eventually will appear in the redesigned bill. In mid-July, the Bureau of Engraving and Printing will invite ATM manufacturers to its facilities at Fort Worth and Washington, to pick up a copy of the fully redesigned the bill.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER