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Animats 18 hours ago

ATMs with bill serial number readers are available.[1][2] So are back-end systems for full-cycle cash tracking. Supposedly all ATMs in China have this feature.

It's not widely used in the US. It's more common where ATMs take sizable cash deposits, and where ATMs can be used to pay bills with cash. There are cash-recycling ATMs, where deposited bills are read, sorted, and dispensed again. Those often take full pictures of the bills and read serial numbers, since they have to have very good counterfeit detection.

If inflow and outflow are roughly equal, the ATM doesn't need to be serviced as much. US ATMs are mostly outflow, so recycling ATMs are rare. China and India apparently have more of them.

[1] https://www.glory-global.com/-/media/GloryGlobal/Downloads/E...

[2] https://atm.icard.com/en/smart