TAGS: vending, vending machine payment, Bureau of Engraving and Printing, U.S. banknote redesign, banknote tactile features, $10 note, National Automatic Merchandising Association
WASHINGTON -- The Bureau of Engraving and Printing recently released an update on its progress toward changes to U.S. banknotes to make paper money more intelligible to blind and visually impaired individuals.
Of interest to the vending industry is BEP's announcement that the first redesigned bill will be a tactile feature to be the $10 note, which will begin circulating in 2020.
In addition to the raised tactile feature, the BEP said the $10 note would continue to include large, high-contrast numerals, similar to the $5 note issued in 2008 to help the visually impaired better denominate U.S. currency.
The National Automatic Merchandising Association recently met with the director and senior-level staff of the BEP to update them on the potential impact currency changes could have on vending.
"We commend the BEP on their efforts to work hand-in-hand with NAMA as they move forward with U.S. currency updates," said NAMA senior vice-president Eric Dell.