With banknote counterfeiting on the rise because of improved credit card security, the TELLERMATE group has announced the production of a new counterfeit note detector. PoundMate is the latest model in the company’s range of cash management solutions and is the first of its kind in the industry. Not only can it detect the presence of the security thread in notes but it can also decipher the magnetic code embedded in the thread. After the note has been passed through PoundMate a green or red light signals its authenticity. An alarm also sounds to alert cashiers of suspect notes. The device runs off the mains, is small, lightweight and can be mounted horizontally on the cash desk or in view vertically on a wall to deter potential forgers.