currency
TRANSCRIPT
AuthenticationSolution for
CurrencyManagement
nonClonableIDTM LABEL WITH BARCODE
Bilcare Technologies is a
division of Bilcare Ltd. focused
on creating next-generation
anti-counterfeiting, security,
and brand protection solutions
for a broad range of
industry sectors.
With breakthrough research in
nanotechnology, Bilcare
has developed a unique
technology-nonClonableID™-
that enables documents
and currency to be
authenticated as they move
between stakeholders.
elep
hant
desi
gn.c
om
© 2010, Bilcare Ltd. All Rights Reserved. All product names, and logos mentioned herein are the trademarks or reg-
istered trademarks of Bilcare. No part of this document should be circulated, quoted, or reproduced for distribution
without prior written approval from Bilcare Ltd.
www.bilcaretech.com [email protected]
Americas
USABilcare Inc.300 Kimberton Road Phoenixville, PA 19460+1 610 422 3305
Europe
UKBilcare Technologies Malvern Hills Science Park, Geraldine Road,Malvern, WR14 3SZ, United Kingdom+44 (0) 1684 585 257
ItalyBilcare Technologies Italia SrlPresso Veneto Nanotech, Via San Crispino 106,35129 Padua, Italy+39 (049) 7705514
Asia
IndiaBilcare Ltd.601, ICC Tower, B Wing, Pune 411 016+91 (20) 30257700
SingaporeBilcare Technologies Singapore Pte. Ltd.52 Changi South Street 1, Singapore 486161+65 63954130
Counterfeit currency - a growing threat
A global problem linked to organized crime
The crime of counterfeiting presents a potential danger to national economies and causes financial losses to consumers.
There is a significant amount of counterfeit currency in circulation around the world.
Recent developments in photographic and printing technology have made the production of counterfeit currency relatively easy, thereby increasing the potential threat.
There has been a rapid growth in the counterfeiting of Euro banknotes and coins since the launch of the currency in 2002.
In India, counterfeit currency has long been seen as a source of funding for terrorism.
Investigations into at least four cases — the Hyderabad bombings of August 2007; the attack on the Indian Institute of Science, Bangalore, in December 2005; the Ahmedabad bombings of July 2008; and the 26/11 terror attack on Mumbai — have revealed a link. (Source: The Pioneer, New Delhi – January 2009)
PROBLEM PROBLEM
Non-effective authentication
Inadequate security features
With increase in counterfeiting of currency across countries, there is a vital need for strengthening the security features of currency and gaining assurance of authenticity.
Considering the threat that counterfeiting has on the economy, governments of various nations have recognized the imperative need to combat it.
• Needfornew,morerobustsecurity features.
• Allexistingtechnologieshave a dependence on human intervention, be it secret formulae, algorithms or ingredients, with a corresponding risk of security breach.
• Currentauthenticationisoftenbased on visual checks and hence prone to human error.
Current currency denominations have overt and covert security features which require human intervention for detection and authentication. This leaves a window for human error. Feature checking requires either diverse equipment or continued awareness campaigns and knowledge retention by the masses to ascertain the presence/absence of features.
Covert Security Features • Watermark• Securitythread• Latentimage• Microlettering• Intaglio• Identificationmark• Fluorescence• Opticallyvariableink• See-throughregister
PROBLEM PROBLEM
• Inabilitytocheckinreal-time and get an appropriate authentication response to all concerned.
• Inabilitytoidentifyandtracethe authenticator in real-time for appropriate action as required.
nonClonable™ LABEL WITH BAR CODE
The nonClonableID™ advantage
Robust security features
• Appliesnanotechnologyto facilitate easily-readable authentication of currency.
• Uniquematerials-basedfingerprints generated out of randomly distributed micro and nano particles.
• Canbeappliedtothecurrencynote paper before printing.
• Real-timeauthenticationthrough hand-held portable readers.
• Thefingerprintsaremachine-readable so the authentication process is objective and reliable.
• Completeauthenticationreporton a mobile or computer using robust web enterprise secured applications and data management at back-end.
• Dashboardshowingreal-timeproblem areas and availability of various reports.
SOLUTION SOLUTION
The nonClonableID™ label is a unique, materials-based fingerprint consisting of randomly distributed particles and cannot be reproduced even by Bilcare.
Bilcare Technologies offers a comprehensive solution to combat counterfeiting through the implementation of its unique nonClonableID™ technology.
nonClonableID™ employs unique materials-based fingerprints that are prohibitively difficult to copy. These tamper-evident fingerprints are irreproducible and cannot be duplicated even by Bilcare.The solution enables real-time identification and authentication of the fingerprints through various types of readers.
Currency Paper
Authentication Servers
Dat
a Tr
ansf
er
Printed Currencysheets
Currency Printing & Sheet Cutting
Curing Process
Pre-process material in roll form
Premises serverfor control and print Data Matrix
Barcode PrintingFingerprint Reading
Fingerprint Application
Final Die Cut
How it works Authentication of currency through nonClonableID™
Bilcare’s solution augments currency security through the following:
• ApplicationofthenonClonableID™ feature in currency notes.
• Anytime,anywheree-authentication of currency notes using Bilcare readers thus enabling quick and simple detection of originals and counterfeits at multiple places in real-time.
• Immediatealertsoneach and every occurrence of a counterfeit.
SOLUTION SOLUTION
Bilcare’snonClonableIDTM
label
A comprehensive solution Protecting the integrity of currency
Bilcare’s solution also provides a comprehensive enterprise solution which can enable the generation of management reports and data mining. Bilcare’s smart sensing and alerting engine comprises of configurable alerting and Reporting Software Modules (RSMs). This is provided through an intuitive Graphical User Interface (GUI) that collates key information for authorized users. It is based on a Dashboard that provides a basic overview, series of alerts with respect to reported counterfeits, as well as the ability to quickly drill down into details with respect to individual notes, banks, regions and types of activity.
• Innovativesecuritysolutionfor protecting currency from counterfeiting.
• Enablereal-timeidentificationand authentication of currency and documents.•Authenticationand
confirmation is possible at all stages of the chain, from the Central Banks to the consumer, including banks, institutions, railways, airlines, shops, wholesalers and retailers.
• Preventforgery,manipulationand misuse.
• Empowerconsumerstoauthenticate any currency note directly.
• Managementreportsanddatamining – platform for real-time smart sensing and action.
• Re-assessusageofmultiplesecurity features on currency and subsequent cost optimization.
• Real-timeexceptionsreportoccurrences of counterfeit currency for subsequent action.
• Cost-effectivesolution.
SOLUTION BENEFITS
The data system stores sufficient relevant information about bank notes and transactions. The RSMs distill information into useful formats from which statistical data, real-time data, and trends can be obtained and compared. Hence the system will not only reduce counterfeiting and enhance security but also supplement knowledge about the issue and help in timely action.
Alerts
10:02 - Multiple serial number occurrence09:58 - Fake note, Mumbai - in field09:20 - Fake note, Bank - Delhi09:17 - Inactive note reported - Pune
ManageUsers | Notes | Batches | Readers
Dashboard
Alerts
Statistics
Maps
Manage
Account | Settings | Help | Logout
Date and time
Dashboard
Statistics #
[ mean ][ m. av. ][ sd ]
IssuanceAuthenticUnrecognized NoteNot Authentic
Oct 23 - Nov 22, 2009
All | Note Denomination
Day | Week | Month | Year
Map
Transactions
Sample demonstration screenshot of the GUI,showing the Dashboard and how the various sub-sections relate.