Put it that way, and practically everybody does. Just the staggering rise in the number of fake transactions since demonetization shows that any one of us can receive a fake note at any point of time and may have to bear the brunt of it.

Yet some are more susceptible to getting duped by counterfeit money than others. The consequences that they have to face are much more dire, affecting them not just financially but also harming their business and reputation.

Kores Empower decided to talk to these small businesses and understand where counterfeit money hits the most.

No Health in Wealth

When we spoke to our select set of audience, we found that clinics expressed an inherent interest in fake note detectors. Having to manage their own day-to-day finances – typically consultation fee in cash – clinicians wanted to protect their practice from fake money.

With enough and more on their mind, it wasn’t possible for them to keep up with counterfeiting tactics. Most of the times, they are unable to identify a fake note. And when it is brought to their attention, they are not able to trace back the source to take legal action.

Bad Money for Goods

The first ones smart enough to identify fake notes, when they receive any, are shopkeepers and store owners. Most reported cases on fake money come from store owners, who are quick to distinguish the security features of real notes from fake.

Despite that, counterfeiters have reached a level of sophistication that can confound the most seasoned store owners out there. The Fake Indian Currency Notes (FICNs) have received such level of accuracy that these days it is impossible to differentiate them from the real notes.

Food for Thought

Eateries too come across their fair share of fake notes. Eating joints, cafés and other Quick Service Restaurants (QSRs) have little servicing time to test the authenticity of notes. While demonetization has helped them to a great extent, they are still not free from the evils of counterfeit money.

The least harmful way to dispose a fake note that a customer received from an ATM machine, is to quietly slip it into the check presenter given by the hotel. Either because they were not immediately identified by the restaurant or owing to the fear of creating a scene, the restaurateur isn’t able to catch the perpetrator.

Last Mile Mayhem

Perhaps the most vulnerable to counterfeit money are the last mile persons, who collect COD from e-commerce customers. Typically they don’t have the know-how to identify a fake note. Nor do they have the immediate access to their supervising desks to sort the issue. And if they do end up collecting the fake note, they have to face the music from the very same desks and bear the loss.

Let’s Empower them all.

Though they come from different facets, their needs are all the same – they need a fake note detector that

  • Is simple to use
  • Gives immediate results
  • Is accurate and budget-friendly

All these features are present in Kores Empower’s fake note detector that employs the revolutionary M-Code Technology to give precise results. The technology needs no upgrade even as new notes are released in the market. The device is both pocket-sized and pocket-friendly – a truly affordable solution for anyone to carry them around and authenticate notes on the go.

So go ahead and safeguard your business and your employees from fake notes with Kores Empower.