New £50 Polymer Note to be issued on 23rd June 2021

The Bank of England will be issuing the new £50 polymer note which will be the last of the Bank's collection to switch from paper to polymer. The new note will feature the computer pioneer and codebreaker Alan Turing. The banknote will enter circulation on 23 June, which would have been the mathematician's birthday.  The polymer notes are much harder to counterfeit, and with its security features the new £50 is part of most secure series of banknotes. The withdrawal date of old £50 note is not yet announced and until then you will still be able to use it.  

New £20 Polymer Note to be issued on 20th February 2020

The Bank of England will be issuing the new £20 polymer note on 20th February 2020. The new note will be 139 mm x 73 mm and it will feature the great artist, JMW Turner.  The Bank's decision to move to the new banknotes was taken based on work with a wide range of stakeholders in the cash industry. The Bank is aware of the challenges to adapt to smaller notes but is committed to working collaboratively with businesses to support a smooth transition.  

OCS Cash Management Solutions is proud to partner with G4S Cash Solutions Netherlands in the current edition of https://www.emeoutlookmag.com/magazine/europe-middle-east-outlook-issue-30  (Pages 76 – 85)

This exciting coverage centers on an in-depth interview with Ab van Eck, Operations Director of G4S Cash Solutions NL, showcasing G4S’ position as the world’s leading global, integrated security company specializing in the delivery and security and related services across six continents.

This article focuses on a detailed examination of the Cash Solutions arm of G4S and examines, in detail, the operations conducted across the Netherlands region. Major investments and projects, particularly their flagship 2020 vision they have underway will be highlighted, as well as the business’s investments they’ve made into training and development of staff and their ongoing commitment to CSR programs.  A key talking point which Ab discusses is the partnerships which they’ve built, including OCS Cash Management Solutions and the vital nature of these relationships in their on-going success. To read the full article visit www.emeoutlookmag.com – (Issue 30  Pages 76 – 85).

Old £1 Coin valid until 15th October 2017

From 11:59 pm on October 15, retailers have no obligation to accept the old £1 coins.

Any unspent £1 coins after October 16, can be banked or taken to a Post Office. Donate them is also a good idea. But please be aware that the exchange arrangement is a temporary option so better to exchange the coins now to avoid not being able to in future.

What if you are given back an old £1 coin?  If you're still being handed back the old £1 coin, you have the right to ask the cashier to give you the new £1 coin, if they have any instead, but retailers don't have to comply with your request.

£5 paper note out of circulation on 5th May

Be aware that the paper £5 note will be accepted until 5th May 2017. Retailers are compelled to accept them until this date and after that the paper note can be exchanged only at Bank of England in person or by post.  See Paper £5 Withdrawal Poster by Bank of England.

For more information, click here.

New £10 Polymer Note to be issued in September 2017

The Bank of England will be issuing the new £10 polymer note in September 2017. The new note will be 132 mm x 69 mm and it will feature the great writer, Jane Austen.  The Bank decision to move to the new banknotes was taken based on a work with a wide range of stakeholders in the cash industry. The Bank is aware of the challenges to adapt to smaller notes but is committed to working collaboratively with business to support a smooth transition.  To find out if your cash handling machine manufacturer is getting ready for the new £10 note please click on the link below:

 http://www.bankofengland.co.uk/banknotes/polymer/Documents/manufacturers.pdf

Retail Business Technology Expo 2017

OCS Cash Management Solutions will be visiting the Retail Business Technology Expo on 8^th and 9^th May 2017. Two of our partners are some of the exhibitors for this year. Don’t miss the change to visit the Europe’s Retail fastest growing market, hope to see you there!

New Euro Banknotes

As you know, there is a new series of Euro banknotes.  The new banknotes are called Europa because two of their security features containing a portrait of Europa – a figure from Greek mythology and the origin of the name of our continent. The new series have currently released the new €5, €10 and €20 notes into circulation and the new €50 Euro note will be available soon in April 2017.

For more information on the new €50 Euro note please visit http://www.new-euro-banknotes.eu

New £1 Coin Available

As you are aware, the new £1 coin will be available to all from 28^th March 2017. Apparently, the new 12-sided coin is considered the safest coin in the world as the current round one has been proven easily to fake. People have been advised to use the present £1 coin until 15^th October 2017 and business handling coins should have contacted their equipment suppliers by now for any hardware change needed.

OCS Cash Management Solutions Website Launch

We are pleased to announce the launch of our new website!   Our goal with this new website is to provide our visitors an easier way to learn about OCS Cash Management Solutions and also to learn what OCS can do and offer to the success of their business.  Amongst the new features the site contains integrated social media button for LinkedIn to foster improved communication with the clients. We will be constantly updating our content with helpful information, articles, company announcements and client successes.

We hope you find the new website informative and enjoyable.

For any enquiries, feedback or comments please email us.

Thank you!

OCS Cash Management Solutions Team