Authentication Solution for Currency Management

Transcription

1 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. nonclonableid TM LABEL WITH BARCODE tech@bilcare.com Americas USA Bilcare Inc. 300 Kimberton Road Phoenixville, PA Europe UK Bilcare Technologies Malvern Hills Science Park, Geraldine Road, Malvern, WR14 3SZ, United Kingdom +44 (0) Italy Bilcare Technologies Italia Srl Presso Veneto Nanotech, Via San Crispino 106, Padua, Italy +39 (049) Asia India Bilcare Ltd. 601, ICC Tower, B Wing, Pune (20) Singapore Bilcare Technologies Singapore Pte. Ltd. 52 Changi South Street 1, Singapore , Bilcare Ltd. All Rights Reserved. All product names, and logos mentioned herein are the trademarks or registered trademarks of Bilcare. No part of this document should be circulated, quoted, or reproduced for distribution without prior written approval from Bilcare Ltd. elephantdesign.com Authentication Solution for Currency Management

2 PROBLEM PROBLEM 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 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)

3 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. Need for new, more robust security features. All existing technologies have a dependence on human intervention, be it secret formulae, algorithms or ingredients, with a corresponding risk of security breach. Current authentication is often based on visual checks and hence prone to human error. Inability to check in realtime and get an appropriate authentication response to all concerned. Inability to identify and trace the authenticator in real-time for appropriate action as required. 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 Security thread Latent image Micro lettering Intaglio Identification mark Fluorescence Optically variable ink See-through register

4 SOLUTION SOLUTION The nonclonableid advantage Robust security features nonclonable LABEL WITH BAR CODE 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. Applies nanotechnology to facilitate easily-readable authentication of currency. Unique materials-based fingerprints generated out of randomly distributed micro and nano particles. Can be applied to the currency note paper before printing. Real-time authentication through hand-held portable readers. The fingerprints are machinereadable so the authentication process is objective and reliable. Complete authentication report on a mobile or computer using robust web enterprise secured applications and data management at back-end. Dashboard showing real-time problem areas and availability of various reports.

5 SOLUTION SOLUTION How it works Authentication of currency through nonclonableid Bilcare s solution augments currency security through the following: Application of the nonclonableid feature in currency notes. Anytime, anywhere e-authentication of currency notes using Bilcare readers thus enabling quick and simple detection of originals and counterfeits at multiple places in real-time. Immediate alerts on each and every occurrence of a counterfeit. Currency Paper Fingerprint Application Curing Process Pre-process material in roll form Bilcare s nonclonableid TM label Authentication Servers Currency Printing & Sheet Cutting Data Transfer Premises server for control and print Data Matrix Barcode Printing Fingerprint Reading Printed Currency sheets Final Die Cut

6 SOLUTION BENEFITS 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. 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. Innovative security solution for protecting currency from counterfeiting. Enable real-time identification and authentication of currency and documents. Authentication and 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. Prevent forgery, manipulation and misuse. Empower consumers to authenticate any currency note directly. Management reports and data mining platform for real-time smart sensing and action. Re-assess usage of multiple security features on currency and subsequent cost optimization. Real-time exceptions report occurrences of counterfeit currency for subsequent action. Cost-effective solution. Account Settings Help Logout Sample demonstration screenshot of the GUI, showing the Dashboard and how the various sub-sections relate. Dashboard Alerts Dashboard Transactions Statistics Maps Manage Oct 23 - Nov 22, 2009 All Note Denomination Day Week Month Year Issuance Authentic Unrecognized Note Not Authentic Alerts 10:02 - Multiple serial number occurrence 09:58 - Fake note, Mumbai - in field 09:20 - Fake note, Bank - Delhi 09:17 - Inactive note reported - Pune Statistics # [ mean ] [ m. av. ] [ sd ] Manage Users Notes Batches Readers Date and time Map