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TECHNOLOGY
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All currency notes have a
fingerprint - the serial number.
What makes the iCVn authentication
system unique is that, in contrast
to all existing currency validation
systems, it has the ability to read
this fingerprint, electronically
“tag” the serial number with
valuable tracing information and
compare it to the data available in
our proprietary databases.
The patented iCVn system employs
state of the art Reading and
Authentication Devices (RADs) that
connect through a global network to
servers containing proprietary
databases used for currency note
authentication and tracing.
Currency Authentication
Every valid note has its own unique
serial number. Duplicate valid
serial numbers indicate suspected
counterfeit. Our system uses the
currency note's unique serial number
to detect all types of counterfeit
bills. The serial number is compared
to our databases to determine if it
falls in the range that is valid for
its denomination and is checked for
duplication. Each number can also be
compared to lists of known
counterfeit serial numbers and
numbers that have officially been
removed from circulation.
Statistical information unique to
each banknote can also be accessed
through our databases.
Currency Tracing
The iCVn system also provides
transaction history information for
individual currency notes, enabling
the authorities to track the path of
any suspect bill or, by use of
specially designed software
applications, obtain a variety of
statistical information. Currency
tracking is performed within and
among each customer system allowing
for valuable information sharing
among agencies.
RADs
All RADs consist of a high speed
currency counter and computer with
Optical
Character Recognition ( OCR) to
capture and digitize the note's
serial number. The digitized
information is electronically tagged
with customer defined transaction
related data and transmitted to a
local network node. iCVn RADs have
been adapted to authenticate and
track multiple currencies including
the U.S. Dollar, Euro, Mexican Peso,
British Pound and others.
Nodes
Customer RADs, can either be
connected to a local server or
directly to the iCVn Master
Server(s).
Master Server
A master server containing the iCVn
tracking and validation databases
can be accessed by government
agencies with appropriate
accreditation.
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Peruvian police seize fake US dollar
bills worth $2m
Almost two million fake US dollars
in cash were seized in a raid by Peruvian
police...Read
more |
BI, police
destroyed Rp 24 billion fake money
Indonesia's central bank, Bank Indonesia (BI),
and the National Police destroyed 367,049 units
of counterfeit money worth Rp 24 billion
(approximately US$2.8 million)...Read
more
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Counterfeit
Dollars Flooding Afghanistan
Money-exchange dealers in Kabul
say they are concerned by the large amounts of
counterfeit foreign money that they say is
entering Afghanistan from neighboring
countries...Read
more |
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U.S. Patents 7,006,664, 7,454,049, 7,567,698 and 7,724,938; Canada
Patent 2,304,281, Mexico Patent 279604, Indonesia Patent
IDP0026351 and Greece Patent 1003626
Europe (26 countries), China, Israel, Japan, Korea, India,
Australia, Hong Kong
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