A brand new period in U.S. forex is on the horizon. Starting in 2026, the Federal Reserve will provoke probably the most complete rollout of redesigned banknotes in many years—beginning with the $10 invoice in 2026, adopted by the $50 in 2028, $20 in 2030, $5 in 2032 and persevering with by way of the $100 notice in 2034. These new notes will incorporate cutting-edge security measures to safeguard towards counterfeiting, improve public confidence, and guarantee machine-readability throughout more and more digital money ecosystems.
Whereas this modernization represents a optimistic step ahead in forex safety, it additionally introduces an pressing problem: Are monetary establishments (FIs) ready to acknowledge and authenticate the brand new banknotes?
The brief reply for a lot of is—no. Far too many FIs are nonetheless working on legacy methods not outfitted to course of or authenticate the brand new technology of forex. These outdated gadgets—whether or not within the type of ATMs, TCRs, or forex counters and sorters —pose a severe threat of rejecting real banknotes or, worse, failing to detect counterfeits.
This transition isn’t just a know-how improve—it’s a essential safety mandate.
Why Pressing Motion Is Wanted
The risk panorama is evolving. Counterfeiters aren’t solely utilizing superior printing strategies however now leverage synthetic intelligence to copy security measures with alarming precision. Actually, counterfeit forex in circulation within the U.S. is estimated at $70 – 200 million (Supply: United States Division of Treasury] and the techniques behind its creation are rising extra subtle yearly.
The redesigned notes are anticipated to function sturdy, machine-readable safety enhancements that can problem even probably the most superior fraudsters. However to make full use of those options, FIs should proactively replace their software program, firmware, and—the place needed—change incompatible tools.
Steps Towards Readiness
Preparation begins with an inner audit by evaluating the cash-handling infrastructure to find out improve paths and compatibility. ATMs, forex counters, and teller gadgets must be assessed for his or her potential to course of the brand new notice sequence. In some instances, firmware and software program updates will suffice; in others, full {hardware} replacements could also be unavoidable.
Equally necessary is worker coaching. Tellers, department employees, and cash-handlers must be aware of the brand new designs and options. Coaching packages ought to concentrate on visible authentication, machine operation, and escalation procedures for suspected counterfeit detection.
The aim is straightforward: reduce transaction friction, defend prospects, and guarantee seamless integration of the brand new notes into every day operations to maintain the money cycle environment friendly and resilient.
Wanting Forward
Money stays a trusted and very important part of the U.S. monetary system—even in an more and more digital world. The Federal Reserve’s funding in next-generation notes displays a long-term dedication to money safety. For [FIs], responding with equal urgency shouldn’t be non-compulsory—it’s important.
Giesecke+Devrient has many years of expertise serving to monetary establishments worldwide improve and safe their forex processing methods. We’re able to companion together with your establishment to evaluate readiness, deploy improve methods, and prepare your groups for the way forward for safe money. As a know-how chief, our providing combines {hardware}, software program and providers into clever and scalable options for a resilient and environment friendly money cycle.
Is your department prepared for 2026 and past? Put together your establishment at present by downloading G+D’s free whitepaper right here, “A Information to Navigating Counterfeit Foreign money Traits within the U.S.” to discover skilled insights and actionable steps for safeguarding your cash-handling infrastructure.
