Tools commonly used in the Coin/Bill Cntng Sorting/Wrap-Mach (Wholesale) industry for day-to-day tasks and operations.

• Coin counting machines
• Bill counting machines
• Coin sorting machines
• Bill sorting machines
• Coin wrapping machines
• Bill wrapping machines
• Currency counters
• Currency sorters
• Currency wrappers
• Coin bags
• Bill straps
• Coin tubes
• Bill counters
• Bill sorters
• Bill validators
• Coin scales
• Coin trays
• Bill trays
• Coin scoops
• Bill counters with counterfeit detection

Common products and services typical of NAICS Code 423420-13, illustrating the main business activities and contributions to the market.

• Coin counting machines for banks
• Bill sorting machines for credit unions
• Currency counters for casinos
• Coin wrapping machines for vending machine companies
• Bill counters for retail stores
• Currency sorters for armored car companies
• Coin scales for coin dealers
• Bill validators for amusement parks
• Coin trays for laundromats
• Bill trays for parking garages
• Bill counters with counterfeit detection for government agencies

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• UL 60950-1: This certification is required for safety of information technology equipment. It is provided by Underwriters Laboratories Inc.
• FCC Part 15: This certification is required for unintentional radiators and intentional radiators. It is provided by the Federal Communications Commission.
• CE Marking: This certification is required for products sold in the European Economic Area. It indicates that the product meets the requirements of European Union legislation. It is provided by the European Commission.
• Rohs: This certification is required for products that do not contain hazardous substances. It is provided by the European Union.
• ISO 9001: This certification is required for quality management systems. It is provided by the International Organization for Standardization.

A concise historical narrative of NAICS Code 423420-13 covering global milestones and recent developments within the United States.

• The "Coin/Bill Cntng Sorting/Wrap-Mach (Wholesale)" industry has a long history dating back to the early 20th century when the first coin counting machines were invented. The first coin counting machine was invented in 1927 by a man named Arthur Fenton. The machine was called the "Fenton Coin Counter" and it was used to count coins quickly and accurately. In the 1950s, the first bill counting machines were invented. These machines were used to count large amounts of bills quickly and accurately. In the 1970s, the first coin sorting machines were invented. These machines were used to sort coins by denomination and to remove damaged coins from circulation. In recent history, the industry has seen significant advancements in technology, with the introduction of machines that can count, sort, and wrap both coins and bills at a much faster rate than ever before. These machines are now widely used in banks, casinos, and other businesses that handle large amounts of cash.

The anticipated future trajectory of the NAICS 423420-13 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The future outlook for the Coin/Bill Counting, Sorting, and Wrapping Machine Wholesale industry in the USA is positive. The industry is expected to grow due to the increasing demand for automated cash handling solutions in various sectors such as retail, banking, and hospitality. The rise of e-commerce and the need for efficient and secure payment processing is also expected to drive the growth of the industry. Additionally, the increasing adoption of cashless payment methods is expected to create new opportunities for the industry to develop innovative products and services. However, the industry may face challenges such as the high cost of equipment and the need for regular maintenance and upgrades to keep up with technological advancements.

Recent groundbreaking advancements and milestones in the Coin/Bill Cntng Sorting/Wrap-Mach (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.

• Cash Recycling Machines: These machines are designed to automate cash handling processes in banks and other financial institutions. They can count, sort, and dispense cash, reducing the need for manual labor and improving accuracy and efficiency.
• Smart Safes: These safes are equipped with advanced security features such as biometric authentication and real-time monitoring. They can also count and sort cash, making them ideal for retail and hospitality businesses.
• Self-Service Kiosks: These kiosks allow customers to perform various transactions such as bill payment, money transfer, and currency exchange. They can also dispense cash and coins, reducing the need for human cashiers.
• Mobile Payment Solutions: These solutions allow customers to make payments using their mobile devices, eliminating the need for cash and coins. They are becoming increasingly popular in various sectors such as retail, transportation, and entertainment.
• Cloud-Based Cash Management Systems: These systems allow businesses to manage their cash flow in real-time, providing insights into cash usage and reducing the risk of theft and fraud. They can also automate cash handling processes, reducing the need for manual labor.