Fed picks G+D to develop ‘next-generation’ currency processing

US dollar banknote production

The Federal Reserve has chosen German banknote and security firm Giesecke+Devriant to supply its “next generation” of banknote-processing machines.

G+D, which has worked with the Fed for over 40 years, won the competitive tender process with a machine based on its BPS M-platform. The company says it developed a prototype to meet the Fed’s specification, that can process “well beyond” 100,000 banknotes per hour, with “outstanding” accuracy.

“This NextGen machine will be the foundation for our

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