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Retailers urged to use training materials for new £5 note
The Association of Convenience Stores (ACS) has urged retailers to make full use of the Bank of England's training materials about the new £5 banknote, which is made of polymer (a thin, flexible plastic) and went into circulation on 13 September 2016.
According to ACS, the new checks needed to identify fake £5 banknotes will be the biggest change for retailers. The new £5 banknote features a number of innovative security features that staff must check for, including a 3D coronation crown, a see-through window and a holographic foil patch. In addition, most cash-handling machines (including self-service checkouts and ATMs) will need a software update and some cash-handling practices may need amending.