SUZOHAPP cooperates on new €20 banknote with ECB

“It is essential to be ready for this event, even more so when taking into account that the €20 banknote is one of the most used of the euro banknote denominations,” commented Marcel Oelen, SUZOHAPP EMEA Managing Director.

“So we recommend to all operators to update their banknote handling machines and devices to be able to accept the new €20 banknote by 25 November 2015,” he added.

The MoU aims to ensure banknote handling equipment across the euro area is ready to accept the new €20 banknote.

SUZOHAPP, together with its acquired companies SCAN COIN and COMESTERO, commits to providing its customers with the necessary software and hardware updates, so giving them sufficient time to upgrade their machines and devices. The Company’s products have undergone testing just as the previously issued €5 and €10 banknotes of the Europa series.

Yves Mersch, ECB Executive Board member, added: “The ECB, the national central banks and our industry partners all have their own role to play in preparing for the introduction of the new banknotes. The MoU that we signed together today underlines our shared commitment and responsibility to ensure that citizens across the euro area can use their new €20 banknotes smoothly everywhere as of 25 November.”

On 24 February 2015, ECB President presented the new €20 note, part of the Europa series, which further improves the resistance and the integrity of euro banknotes with added security to keep ahead of potential counterfeiters. On 25 November 2015, the new €20 note will be launched.