Posts tagged as:

technology

Counterfeit Deterrence – Beating the Criminal Element

07.06.2010
Thumbnail image for Counterfeit Deterrence – Beating the Criminal Element

Call it human nature, but ever since the invention of paper money, people have tried to imitate and counterfeit it. The result has been an unending race between issuing authorities and perpetrators. This article, which is based on my contributions to the Banknote 2009 and 2010 Currency conferences, is a review of how authorities have historically tried to deter counterfeiting and how they have responded to new threats. From this perspective, I will then explain the role of the Central Bank Counterfeit Deterrence Group (CBCDG) and its activities, concluding with a short assessment of recent developments in counterfeit production techniques and how to address future threats.

Read the full article →

The ATM Machine of John Shepherd Barron

06.01.2010
Thumbnail image for The ATM Machine of John Shepherd Barron

Those of us in the Cash handling business owe this man a debt of gratitude – without his having invented the ATM many of us would not be needed because cash would be less available…

Read the full article →

New US $100 Note

04.22.2010
Thumbnail image for New US $100 Note

Yesterday it was announced in a joint press release that a new $100 US note will enter circulation next February (2011). In a bold move the BEP and FRB have decided to add some new security features to the most often counterfeited US denomination. This will be the first time that OVD’s (Optical Variable Device) will be used on any US note. Could this be the beginning of an even larger change in US currency design?

Read the full article →

NamSys Links with IBM

03.15.2010
Thumbnail image for NamSys Links with IBM

TORONTO, March 8 /CNW/ – Cencotech Inc. (CTZ – TSX-V) is pleased to announce that its wholly owned subsidiary, Namsys Inc. (“Namsys”) has entered into an agreement with IBM Canada Ltd. (“IBM”) whereby IBM, initially in North America, will be a reseller of the Company’s “Currency Controller(TM)” software and related products.

Read the full article →

It Just Feels Funny

03.05.2010
Thumbnail image for It Just Feels Funny

Having been involved in the currency handling business for many years and having experience in many countries means that I have had the opportunity to handle many different kinds of “paper” money. I placed the word paper in parentheses for a reason, because in today’s world not all currency is made of paper. Australia started the trend away from paper/cotton based currency a few years ago. They were followed by Mexico and a handful of other countries. Now Canada is joining the ranks.

Read the full article →

The ATM, Debit & Prepaid Forum – Will the More Focused Conferences Remain a Trend?

11.16.2009

I’m a little off my blog game as I flit from conference to conference this autumn but I’m picking up lots of great information along the way. I started out a couple of weeks ago at the ATM, Debit & Prepaid Forum in Las Vegas which was very well attended. This was my first one and I have to say that it was nice to be among a group of people speaking the same language. While there, I hosted a workshop on successful deployment of self-service. I thought I would share with you a couple of key points that came out of that session.

Read the full article →

bidding for my bucks

07.24.2009

Imagine my surprise (and delight at the timely irony) when I discovered the business model that is unfolding as a type of eBay for cash. In this scenario, you register an account with the likes of Licuro.com, Moneyaisle.com or Spaarbod.nl (brush up on your dutch before visiting that last site!) and put your cash up for auction.

Read the full article →

reduce, reuse and recycle!

07.07.2009

We have all heard the litany of requests from governments, eco-agencies and individuals as they call for the mobilization of the individual to assist in making the planet a healthier place to live. So how does this apply to the currency management supply chain? Interesting question – and one that (surprisingly) has an answer.

Read the full article →

banks are making the move to SaaS

06.23.2009

More and more financial institutions are making the move to utilizing Software as a Service (SaaS) instead of incurring the expense and required internal effort to setup and maintain in-house software solutions. Let me point out that SaaS applications are not about to replace core banking systems anytime soon. However when it comes to managing discretionary services that are free of risk when it comes to identifying personal information (see previous post) financial institutions both large and small are now seriously considering such applications.

Read the full article →