The Coin Group
Optimising the acceptance of coins in EuropeWhen consumers insert coins into a vending machine, they expect them to be accepted at first throw; to be identified as the right denomination; authenticated as genuine coins, and that this will trigger the delivery of the desired product or service. For that simple transaction to be successful and smooth, the EVA is the link between the authorities in charge of designing, issuing and controlling the coins and the vending industry. The Coin Group brings together representatives of coin validating and authenticating equipment manufacturers, i.e. coin validator manufacturers, as well as coin counting and sorting equipment.
The most frequent method of payment in European Vending is coins. Therefore it is critical that coins are validated securely, consistently and reliably. In order to achieve this, the EVA has developed close links with the European Mints and all other stakeholders that are involved in the design, introduction and quality control of coins, as well as the prevention and fight against counterfeiting. These include the European Mint Directors Working Group (MDWG), the European Central Bank, the European Commission Anti-Fraud Office (OLAF), the European Technical and Scientific Centre (ETSC) and the Directorate General for Financial Affairs (DG ECFIN), and Europol. The EVA has also privileged links with individual Mints around Europe and beyond, and with their suppliers.
The work of the EVA
Since its establishment, the European Vending Association has put a lot of effort into developing close relationships with the European Mints. With the Euro being designed in the 90’s, the vending industry was faced with a very significant challenge. The EVA Coin Experts made a number of representations with the Mint Directors Working Group, the European Commission and the European Central Bank. As a result, the EVA built a strong network with the Mints, which was instrumental in ensuring a smooth introduction of the European currency.
Dialogue with the EU Institutions
Thanks to an excellent cooperation and mutual understanding between the EVA and the Mints, with the support of the Commission and Central Bank, Europe has developed one of the most secure coin systems in the world. The EVA had the opportunity to provide comments on the draft coin system on numerous occasions, to test materials on behalf of the Mints, and to give feedback to the relevant parties. It lobbied to obtain a third party quality control for the Euro coins which is run by the European Central Bank. The European Mints produce coins to a common, tight specification and associated tolerances.
Dialogue with the relevant EU Institutions and forums is an ongoing process that gives stakeholders the opportunity to:
- Discuss about observations made in the field base
- Look at the continuous improvement of coin quality
- Exchange information about any counterfeits or fraud in circulation
- Discuss future evolution and coin features
- A wide platform, the Cash Users Group (CUG), co-chaired by the European Commission and the European Central Bank, which brings together all professional cash users (retail, CIT (Cash In Transit), commercial banks, coin-operated industries, ATM producers) and consumer representatives;
- A more restricted platform, which is limited to the authorities and representatives of the coin validating or authenticating industries.
The Coin Design Handbook 2012
The Coin Design Handbook was produced under the aegis of the Mint Directors Conference Technical Committee (MDC-TC) and is a guide to understanding the coin validation process and its consequences. Its ultimate aim is for Mints to design and manufacture coins for optimised electronic validation.
Who has access to the CDH 2012
- Mints and Blank Manufacturers
- Anti-fraud or law enforcement authorities
- Validating equipment manufacturers members of the EVA
If you are from one of these entities, simply contact Maria Cummins at email@example.com and she will send you a Non-Disclosure Agreement to be signed and returned. Upon receipt of the NDA, we will send you a personalized (marked) pdf copy of the EVA Coin Design Handbook.
Benefits for members
Members of the EVA benefit from this unique channel of information and from the dialogue that the EVA has established over the years. They have access to events and meetings, and have the opportunity to express their views and opinions under a wider industry umbrella, which has gained its credibility through working closely with all stakeholders.