SlideShare a Scribd company logo
1 of 20
Download to read offline
The Authentication Times 
The Authentication Times 
Inaugural Issue October 2014 | Volume 8 | Issue 25 
Evolution of 
polymer 
banknotes 
- Pros and cons 
www.aspaglobal.com 
The official newsletter of Authentication Solution Providers’ Association (ASPA) 
www.aspaglobal.com 1
The Authentication Times 
Inaugural Issue News Bytes 
Come and witness the launch of the next generation of printing 
presses from the leading manufacturers and be among the first to 
see them in action. 
LABEL PRINTING HAS EVOLVED 
Learn how cutting-edge technology, innovative new materials and 
intelligent labels are revitalizing in-store sales; be the solution your 
clients need. Secure new business, while reducing your operating 
costs, increasing your profits and expanding your services. 
Competition is fierce, tame it at the largest label and package 
printing event in South Asia. 
Register for FREE entry today at: 
WWW.LABELEXPO-INDIA.COM 
ALIVE with 
TECHNOLOGY 
2 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
Viewpoint 
Dear Reader, 
Welcome to the 25th edition of our newsletter 
with a new name “The Authentication Times” 
(formerly known as The Holography Times-THT). 
Recently, HoMAI had completed its re-branding 
and now will be known as Authentication Solution 
Providers’ Association (ASPA). 
With this it is becoming inevitable for us to 
change the name of “The Holography Times” as 
“The Authentication Times”. We will now focus 
on providing information, industry trends and 
news on authentication solutions from across the 
globe. 
In the last few months, one of the two biggest 
economies of paper banknotes has shown their 
interest in polymer banknotes. Our current 
cover story is focus on “Evolution of polymer 
banknotes: pros and cons”. Apart from this we 
are starting a series of article on authentication 
with name “All about authentication”. The first 
article of this series will give you an overview of 
authentication technologies. Apart from this the 
issue also covers the industry updates including 
news, counterfeit seizure report, event review, 
appointments and global patents. 
We are thankful to our readers for their support 
in last 7 years and hope that they will like the 
changes we are going for. 
Do send us your feedback/critics at info@ 
aspaglobal.com. 
With Best Regards, 
C S Jeena 
Editor 
In this issue 
4 
7 
12 
News bytes 
Evolution of 
polymer 
banknotes 
-Pros and cons 
Overview 
Authentication 
Technologies 
Industry updates 
Appointments 15 
Event Review 16 
Counterfeit Seizure Report 17 
Global Patents 18 
Upcoming events 19 
Announcement on 
change of name 
We are pleased to 
announce that The 
Holography Times 
changed its name to 
The Authetication 
Times from this issue 
effective October 
2014. 
www.aspaglobal.com 3
The Authentication Times 
Inaugural Issue 
Leading News 
New €10 banknote enters circulation 
Portrait hologram 
(Source: © European Central Bank) 
Following the new €5 note, 
which has been in circulation 
since May 2013, the second new 
denomination of the Europa 
series €10 had entered into 
circulation on 23 September 
2014. Like the new €5, the 
new €10 has several enhanced 
security features that draw on 
advances in banknote security 
and technology. 
The security features of the 
Europa series are easy to check 
1. Portrait watermark 2. Portrait Hologram 3. Emerald number 4. Raised Print 5. Security thread 
using the “feel, look and tilt” 
method and more counterfeit-proof. 
A special coating on the 5 
euro and 10 euro banknotes shall 
make them more hardwearing. 
The Europa series, the second 
series of euro banknotes, is 
named after a figure in Greek 
mythology. The portrait of Europa 
is featured in both the watermark 
and the hologram stripe. This 
innovation has been designed 
by the Eurosystem to augment 
the familiar architectural motifs 
and broaden the symbolism of a 
single Europe, creating an easily 
identifiable feature for the entire 
new series. Its hologram and 
watermark include a portrait of 
Europa. It also has an “emerald 
number”. When tilted, the shiny 
number displays an effect of the 
light that moves up and down, 
and also changes colour from 
emerald green to deep blue. 
Source: www.ecb.europa.eu 
The new NIS 50 banknote— 
the first in the new series of 
banknotes (Series C of the New 
Shekel)—bearing the likeness 
of Shaul Tchernichovsky, enters 
circulation on September 16, 
2014. The new banknotes have 
a standard of security, innovation 
and accessibility that is among 
the most advanced world, and 
they incorporate a range of 
leading edge anti-counterfeiting 
security features, created 
through various technologies. 
In addition, the new banknotes 
include special features to aid the 
blind and vision impaired. 
The visible security features 
include, the transparent portrait, 
perforated numerals, raised ink, 
glittering stripe, golden book 
and the security thread, in green, 
interlaced into the banknote 
surface and revealed through 
three “windows” on the back of 
the banknote. When tilting the 
banknote the thread changes 
color. 
Source: www.boi.org.il 
Bank of 
Israel new 50 
shekel bill 
introduced 
4 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
Product Launch 
Datacolor unveil 45IR for security printing 
Portable spectrophotometer tailored to meet the needs of central banks, 
security ink producers, and banknote printers 
Datacolor®, provider of color 
management and color 
communication technology 
had announced the availability 
of Datacolor 45IR, a portable 
spectrophotometer uniquely 
designed to meet the distinct 
quality control and ink formulation 
requirements of the security 
printing industry. According to 
officials, “Datacolor 45IR will 
help prevent counterfeiting 
of banknotes and confidential 
government or company 
documents, guaranteeing quality 
control for all market players such 
as central banks, banknote printers 
and security ink producers”. 
The only high-precision portable 
instrument with a 3-in-1 solution, 
Datacolor 45IR uses industry 
standard 0/45 geometry for 
colorimetric and near infrared 
ranges as well as densitometric 
functions to provide unparalleled 
formulation, quality control, and 
authentication. Datacolor 45IR’s 
improved Inter Instrument 
Agreement enables digital color 
communication which increases 
the speed, efficiency and 
precision throughout the secure 
printing process. 
In addition the Datacolor 
45IR features significant 
enhancements to improve 
performance, including an 
intuitive interface and complete 
on-board software for stand-alone 
measurement with a high 
resolution color screen, and a 
lightweight ergonomic design to 
improve the overall ease of use. 
Responding to direct customer 
feedback, Datacolor designed the 
45IR so units can be serviced at 
the customer site. Through this 
improved technology, the 45IR 
removes the need for sending 
units back to the manufacturer, 
therefore streamlining the color 
approval process. 
“Quality requirements in the 
security ink market have risen 
significantly,” said Walter Franz, 
Global Business Development, 
Datacolor. “With its state of the art 
technology, Datacolor 45IR allows 
the security ink supply chain to 
fulfill these specific requirements 
and to communicate color data 
more efficiently.” 
Source: www.datacolor.com/45ir 
THE PREMIUM 
RETRANSFER PRINTER Avansia is ideal for delivering: 
Corporate ID cards 
Secure access badges 
Student cards 
Payment cards 
Loyalty cards / gift cards 
National ID cards 
Driver’s licenses 
HOW DOES RETRANSFER 
Evolis unveil latest retransfer printer 
Evolis had introduced the 
AVANSIA, a new printer 
that utilizes retransfer printing 
technology to deliver high quality, 
high durability cards. With 
retransfer printing, the card layout 
is first printed on a transparent 
film and then the print layer is 
transferred to the card. This makes 
it possible to cover the entire 
surface of the card, eliminate white 
edges and protect the print head 
from damage. 
AVANSIA’s 600-DPI print head 
delivers quality images, as well 
as sharp texts, microprints and 
watermarks. The retransfer 
technology supports and can 
improve a variety of applications: 
employee badges, secured access 
cards, student IDs, payment 
cards, official identification 
cards, driver licenses, and more. 
AVANSIA can issue more than 140 
single-sided color cards per hour. 
The printer supports the delivery 
of cards in large runs, thanks 
to its large-capacity feeder and 
output hopper — 250 cards each 
— as well as consumables from 
the Evolis High Trust range that 
are engineered for this type of 
personalization 
Retransfer technology makes 
it possible to print on any card 
profile — PVC, PET, polycarbonate, 
ABA, etc. — even on cards with 
an uneven surface. To support 
specific requirements, AVANSIA 
supports all types of encoding, 
including magnetic stripe, contact 
smart cards and contactless 
smart cards. This printer offers 
additional security via an RFID-based 
electronic key, which can be 
removed in order to prevent rogue 
use of the printer. A mechanical 
lock system is also available as an 
option. The AVANSIA comes with 
a three-year standard warranty, 
coupled with the lifetime 
warranty on the print head. 
Source: www.evolis.com 
www.aspaglobal.com 5 
FLAWLESS Retransfer maximizes High are watermarks Over guarantee since Evolis provides MEDIA The Avansia print polycarbonate, card contactless The standard perfect MULTIPLE To meet be confi options: contactless gured combined. 
TECHNOLOGY WORK? 
The card is printed in two phases: 
1 The card design is printed by dye 
sublimation on a transparent fi lm. 
2 The printed fi lm is then fused to the 
card using a thermal bonding process 
for fl awless results. 
The built-in fl attener applies pressure 
on the card, thus ensuring a perfectly 
fl at surface. 
Heat roller 
Card 
Print head 
Clear fi lm 
Color 
ribbon 
Flattener
The Authentication Times 
Inaugural Issue 
Projects Awarded 
De La Rue wins 
banknote printing contract 
De La Rue has been named 
as the preferred bidder for 
the 10 year contract to print 
plastic banknotes for the Bank 
of England, which is due to 
commence in April 2015. 
De La Rue Chairman, Philip 
Rogerson, said: “We are delighted 
that De La Rue has been selected 
as the preferred bidder for this 
very prestigious and important 
contract with the Bank of 
England.” The company says it 
will cooperate with the Bank 
over the weeks ahead to ensure 
that it conforms to all of its due 
diligence checks, ahead of the 
contract being awarded. 
The BoE will require De La Rue 
to print 12 billion banknotes. 
Fig.: Concept design for new polymer £5 note 
Plastic banknotes are set to come 
into circulation in 2016 in the UK, 
starting with the new £5 note 
(featuring Sir Winston Churchill), 
followed by the £10 (featuring 
Barclays unveil 
authentication technology 
Barclays has revealed what 
it says is the future of fraud 
prevention in corporate banking 
with the Barclays Biometric 
Reader, a Hitachi-developed tool 
that uses “vein authentication 
technology” to ensure secure 
customer authentication for 
corporate transactions. 
Revealed at an event at the bank’s 
Canary Wharf headquarters, the 
biometric reader was described 
by Ashok Vaswani, CEO of 
Barclays personal and corporate 
banking, as a “very, very exciting 
development” that will be 
available to corporate clients 
from 2015. 
“It’s very, very simple, yet it’s 
very, very secure,” Vaswani said 
of the device, which is designed 
to sit on a desk and connect to a 
computer via USB. The biometric 
reader authenticates transactions 
by reading the blood inside 
the user’s finger, something 
Barclays and Hitachi say is almost 
impossible to replicate, therefore 
drastically reducing the potential 
for fraud. Vein authentication 
technology works by scanning 
the finger with near-infrared 
(NIR) light. 
“We’re using very advanced 
technology that doesn’t capture 
a fingerprint, it actually captures 
the photographic view of the 
blood in the veins of your finger,” 
said Vaswani, who argued the 
Jane Austen) note in 2017. 
Source: www.delarue.com 
technique is far more secure 
than fingerprint scanning. 
“Fingerprinting isn’t as secure as 
this. This has been demonstrated 
to be the most distinguishable 
feature for any person, so it 
provides the highest level of 
security.” 
Source: http://www.computing. 
co.uk/ 
6 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
Cover Story 
Author is Secretary of 
Authentication Solution 
Providers’ Association (ASPA) 
since 2006 and also serves as 
Editor of The Authentication 
Times. 
Evolution of 
polymer 
banknotes 
Pros and cons 
by C S Jeena 
Introduction: 
For hundreds of years, banknotes have been 
made from rag-based paper (Tang Dynasty 
A.D. 618-907)1. The introduction of advanced 
technology based systems in the banking 
services world over resulted in great changes 
in terms of how financial institutions offer 
services to customers. Today, banknote issuers 
are faced with the challenge of increasingly 
sophisticated counterfeiting techniques and 
there are serious doubts that paper remains 
a viable material for secure banknotes. It’s 
seems that paper currency is going the way of 
other objects/things (Tape-recorder, VCR’s) 
that have become obsolete. 
Recently, one of the world two biggest users 
of paper banknotes India and England had 
announced their plans to introduce polymer 
currency. The Bank of England’s (BoE) 
inaugural polymer bill, a 5 pound note, will 
debut in 2016 featuring former Prime Minister 
Winston Churchill. On the other hand, The 
Reserve Bank of India (RBI) is planning to 
introduce plastic currency next year on a pilot 
basis. According to officials of BoE there were 
around 3 billion pieces2 in circulation, while 
the officials of RBI estimated approximately 
76.47 billion pieces3 in circulation. So far, Great 
Globally, many countries 
are shifting or opted 
polymer banknotes in place 
of paper bank notes for 
their increase shelf life, 
cost of production and 
improve security features. 
Recently, one of the world 
two biggest users of paper 
banknotes India and 
England had announced 
their plans to introduce 
polymer currency. The 
Bank of England (BoE) had 
announced plans to start 
printing money on polymer 
by next year, it has been 
issuing for more than 
300 years. On the other 
hand, The Reserve Bank of 
India (RBI) is planning to 
introduce plastic currency 
next year on a pilot basis. 
The article analyses the 
brief history, pros and cons 
of polymer banknotes. 
1. Paper history, journal of the International Association of Paper Historians, Volume 14, Year 2010, Issue 2 
2. Counterfeit Bank of England Banknotes, http://www.bankofengland.co.uk/banknotes/pages/about/counterfeits.aspx 
3. Currency Management in India: Issues and Challenges, (Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India at 
the Banknote Conference 2014, Washington on April 8, 2014), http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?id=889 
www.aspaglobal.com 7
The Authentication Times 
Inaugural Issue 
Britain is the world’s biggest 
economy to announce a switch to 
polymer notes4. 
What are Polymer 
Banknotes & how it 
started? 
Polymer banknotes are 
banknotes made from a polymer 
such as bi-axially oriented 
polypropylene (BOPP). The first 
polymer bank note was issued 
in 1974 in Haiti and printed 
on Tyvek®, a synthetic fibre 
material, jointly pioneered by 
American Banknote Co. (ABNC) 
and Du Pont. Only Costa Rica and 
Haiti issued Tyvek® banknotes; 
test notes were produced for 
Ecuador, El Salvador, Honduras 
and Venezuela but never placed 
in circulation. Ten Years later in 
1984, English printers Bradbury 
Wilkinson produced a version on 
Tyvek but marketed as Bradvek 
for the Island of Man with Tyvek® 
1 GBP notes. These first plastic 
notes were printed on generic, 
white coloured substrate without 
windows or any other security 
feature. These first issues were 
Cover Story 
Fig. 1: The first polymer bank note. 
Special Bicentennial issue. Courtesy 
Reserve Bank of Australia 
not successful, mainly because 
ink failed to adhere during 
circulation5. 
How are polymer notes 
made? 
A clear laminated polymer 
film (BOPP consisting of two 
laminated layers of 37.5 μm each) 
is the basis of the note. The film is 
made opaque (opacified) by the 
application of special inks, except 
for certain areas that result in 
clear windows or other features. 
Further, printing plates, polymer 
substrate, special inks and high 
technology printing machinery 
are brought together to produce 
the currency notes. Colourful 
background designs are printed 
simultaneously with both sides of 
the opacified polymer substrate 
using an offset printing process 
which results in a flat print.6 
The first commercial 
success (See fig. 1) 
The first successfully introduced a 
modern polymer banknotes note 
was issued in 1988 by the Central 
Reserve Bank of Australia (1988, 
4. Bank of England signs up supplier for plastic bank notes 
http://uk.reuters.com/article/2014/03/12/uk-britain-boe-banknotes-idUKBREA2B0KT20140312 
5. Durable banknotes: an overview, Hans de Heij, De Nederlandsche Bank N.V. 
6. http://www.rba.gov.au/Museum/Displays/1988_onwards_polymer_currency_notes/how_are_notes_made.html 
8 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
Table: List of countries currently issuing Guardian, the denomination they issue, and the year they first used. 
Country First Unit of Currency Denominations 
Australia 1988 Australian dollar $5, $10, $20, $50, $100 
Papua New Guinea 1991 Papua New Guinean kina K2, K5, K10, K20, K50, K100 
Singapore 1991 Singapore dollar S$2, S$5, S$10, Commemorative S$50 (1990), 
S$20 (2007) 
Brunei 1996 Brunei dollar B$1, B$5, B$10, B$50, B$100, B$500, B$1000, 
B$10000, Commemorative B$20 (2007) 
Malaysia 1998 Malaysian ringgit RM1, RM5, Commemorative RM50 
New Zealand 1999 New Zealand dollar NZ$5, NZ$10, NZ$20, NZ$50, NZ$100 
Commemorative $10 (2000) 
Romania 1999 Romanian leu 1L, 5L, 10L, 50L, 100L, 200L, 500L, 10,000L, 
50,000L, 100,000L, 500,000L, 1,000,000L 
Commemorative 2000L (1999) 
Vietnam 2001 Vietnamese dong 10,000 , 20,000 , 50,000 , 100,000 , 
200,000 , 500,000, Commemorative 50 (2001) 
Mexico 2002 Mexican peso $20, $50, Commemorative $100 (2009) 
Chile 2004 Chilean peso $1000, $2000, $5000 
Guatemala 2007 Guatemalan quetzal Q1, Q5 
Hong Kong 2007 Hong Kong dollar HK$10 
Nigeria 2007 Nigerian naira N5, N10, N20, N50, Commemorative N50 (2010) 
Israel 2008 Israeli new shekel NIS20 
Nicaragua 2009 Nicaraguan cordoba C$10, C$20, C$200, Commemorative C$50 
(2010) 
Paraguay 2009 Paraguayan guarani G2000 G5000 
Dominican Republic 2010 Dominican peso oro RD$20 
Honduras 2010 Honduran lempira L20 
Vanuatu 2010 Vanuatu vatu VT200, VT1,000, VT2,000, VT10,000 
Canada 2011 Canadian dollar $5, $10, $20, $50, $100 
Costa Rica 2011 Costa Rica colones ₡1000 
Mozambique 2011 Mozambique metical 20MT, 50MT, 100MT 
Mauritius 2013 Mauritian rupee Rs25, Rs50 
Source: www.innoviaseurity.com as updated on March 2014 
ASD 10), printed on Guardian®, 
made by Securency. It was 
printed on ‘Guardian®’, made by 
Securency. Subsequently, in 1996 
Australia switched completely to 
polymer banknotes7. 
After Australia many other 
countries have introduced 
polymer banknotes, of which 
several have completely switched 
from paper to polymer. In 2011, 
Commonwealth Scientific and 
Industrial Research Organisation 
(CSIRO) estimated that there 
are over thirty different 
denominations totalling some 3 
billion polymer notes in service 
in 22 countries worldwide. 
According to Reserve Bank of 
Australia, “As of 2013 twenty 
nine (29) countries have 
issued polymer notes printed 
on Australian-made polymer 
substrates”8. 
Cover Story 
7. The world’s first polymer banknote, http://www.csiro.au/Organisation-Structure/Flagships/Future-Manufacturing-Flagship/Flexible- 
Electronics/World-first-polymer-banknote.aspx 
8. Exports of Polymer Notes, Reserve Bank of Australia, 
http://www.rba.gov.au/Museum/Displays/1988_onwards_polymer_currency_notes/export_of_notes.html 
www.aspaglobal.com 9
The Authentication Times 
Inaugural Issue 
Why countries have 
opted polymer 
banknotes? 
The main reasons countries have 
opted for polymer currencies are 
security and durability. 
i) Security: These banknotes 
are tougher and more 
expensive to counterfeit than 
money printed on traditional 
cotton-based paper, and 
include new security features 
such as a transparent window, 
optical variable devices, 
shadow images etc. etc. A 
key feature is a clear window, 
which normally contains an 
‘optical variable device’ that 
splits light into its component 
colours and is extremely hard 
to counterfeit. Plastic notes 
can also contain holograms. 
ii) Longer life and durability: 
Plastic notes last much longer 
than cotton fibre-based 
paper ones. For instance, an 
Australian $5 bill lasts about 
40 months, against six months 
for a £5 note. According to 
Gerry Wilson of Australia-based 
Commonwealth 
Scientific and Industrial 
Research Organisation 
(CSIRO), the polymer notes 
have longer lifetime and 
can be produced at a faster 
rate than paper currency. 
They also stay spiffier longer 
because they’re more dirt-and 
moisture resistant and are at 
least 2.5 times more durable 
than paper currency. This life 
increase is not caused by the 
polymer substrate, but also by 
the post printed varnish used 
on these notes – two different 
types to create a better grip 
for e.g. the use in ATMs. 
Countries like India can be 
benefited as, according to RBI 
on an average, 1 out of 5 paper 
note in circulation (over 20 
per cent) gets disposed of 
Cover Story 
every year after getting soiled 
and the number of such soiled 
currency bills stood at over 
13 billion units during the 
financial year 2011-129. 
iii) Economical in the long 
run: Although polymer 
banknote cost more they can 
be economical in the long 
run. The BoE estimates that 
printing the £5 and £10 notes 
on plastic, rather than paper, 
will cut production costs by 
a quarter, or £100m, over the 
next ten years10. 
iv) Hygiene: Polymer notes are 
more hygienic as they absorb 
fewer bacteria, harder to 
tear or crease – making them 
easier for vending machines 
– and waterproof, even able 
to survive being put in the 
washing machine. 
v) Environment friendly: Most 
of the paper based banknotes 
are 75% cotton – which takes 
large amounts of pesticides 
and water to produce. On the 
other hand, the base material 
of polymer is a non-renewable 
resource, but due to its 
recyclability, it has more than 
one life. For example, The 
Reserve Bank engaged the 
services of The Energy and 
Resources Institute (TERI) to 
conduct a study on the carbon 
footprint of cotton-based 
banknote paper substrate vis-à- 
vis plastic-based substrate 
and to estimate their overall 
environmental impact, taking 
into account their complete 
lifecycles. The Life Cycle 
Impact Assessment results 
for the two types of notes 
indicate that replacing cotton-based 
notes with plastic-based 
notes would have 
significant environmental 
benefits. Polymer/plastic 
banknotes (and the waste 
On an average, 
1 out of 5 
paper note in 
circulation 
(over 20 per cent) 
gets disposed of 
every year 
9. RBI gears up for plastic notes as 20% paper bills get soiled, The Economics Times, May 12, 2013. 
10. Bank of England signs up supplier for plastic bank notes, Reuters, Mar 12, 2014. 
10 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
Cover Story 
from production) can be 
granulated and recycled into 
useful plastic products such 
as compost bins, plumbing 
fittings and other household 
and industrial products11. 
Some apprehensions? 
Polymer banknotes have some 
disadvantages also, such as; 
i) Environmental conditions: 
The official said that the 
biggest concern over plastic 
currency was that it was never 
tried out in such extreme 
weather conditions like India. 
The extreme weather means 
that the notes have to survive 
temperatures over 40 degrees 
in some states and sub-zero 
temperatures in parts of the 
Himalayas and high level 
of humidity in parts of the 
country. In 1982 and 1983, 
the American Bank Note 
Company printed banknotes 
for Costa Rica and Haiti on 
DuPont’s Tyvek® polymers. 
These had fairly limited 
release, but did circulate in 
each country. Additional trial 
and specimen banknotes were 
developed for Honduras and 
El Salvador. Unfortunately, in 
tropical climates, ink did not 
bind well to the polymer and 
the notes began smearing 
quite badly. 
ii) They are harder to fold and 
more slippery, which makes 
them harder to count by hand. 
iii) Issue of recycling: Some less 
developed countries may not 
have the facilities to recycle 
them - and when they burn 
they pollute the air. 
iv) High cost: In addition, 
polymer notes cost more to 
produce in the short-term, 
which could be a drawback 
for developing countries. 
The payback from their extra 
durability only comes over 
time. 
v) Cotton banknotes stride 
forward: According to 
polymer researcher Stane 
Straus, the security gap 
between paper and plastic 
notes is closing. It is now 
possible to make “hybrid 
notes” - paper notes with a 
transparent polymer window. 
vi) Monopolistic situation: 
The supply of, and the 
technology for producing, 
plastic currency are a big 
business for the Reserve Bank 
of Australia. Plastic currency 
is now used by 22 countries 
(approximately) around the 
world. But it is also apparent 
that Australian parties have 
been involved in bribing high 
officials in Malaysia, Indonesia 
and Vietnam (at least) in 
securing contracts for plastic 
currency. The Australian 
courts are apparently 
cooperating in some form of 
cover-up. That has become 
apparent from the Wikileaks 
release of a gagging order by 
the Supreme Court of Victoria 
at Melbourne where the court 
forbids12. 
Another factor could the 
conservatism of central 
bankers. “Central banks are very 
conservative institutions,” Stane 
Straus says. “People making the 
decision to convert to polymer 
- partially or fully - are taking 
a personal risk.”Many central 
banks are simply waiting until 
others convert and then they will 
follow.” 
Further, not all central banks 
are convinced of the use of 
Polymer notes. The Central Bank 
of Bangladesh also decided to 
return to cotton paper after 
their experiences with a 10Taka 
polymer note. In June 2001, 
the Solomon Islands issued $2 
polymer banknotes, However 
they reverted to paper notes 
in 2006. Last year, The Central 
Bank of Nigeria (CBN) returned 
to paper currency from plastic 
which were introduced in 2009. 
Today, approxmately 22 countries 
use polymer banknotes, but 
only few have converted all 
denominations into plastic. One 
country that doesn’t look like 
it’ll be abandoning paper for 
plastic anytime soon is America. 
Last year, the Federal Reserve 
launched a new $100 bill, the 
second most common bill in 
circulation after the $bill with 
security features including 3-D 
security ribbon and color-shifting 
ink. 
Conclusion: 
It’s almost 20 years since first 
polymer bank notes were 
introduced by Australia. In the 
future bank notes will be much 
used by automats like ATMs and 
banknote acceptors. From this 
prospective, polymer bank notes 
seems to behave better than 
cotton based banknotes. Feeding 
polymer notes into an automat 
is easier because such notes are 
less affected by tears, missing 
parts and clipped corners. Also 
from ‘green’ perspective polymer 
banknotes seems to have better 
performance when it comes to 
environmental and sustainability 
aspects. 
11. RBI Annual Report 2013-14, Chapter VIII Currency Management, Plastic Banknotes carbon footprint. 
12. http://wikileaks.org/aus-suppression-order1press.html. 
13. Durable banknotes - De Nederlandsche Bank 
14. Central Bank of Nigeria, www.canbank.org 
www.aspaglobal.com 11
The Authentication Times 
Inaugural Issue 
All about Authentication 
Overview Authentication 
Technologies 
With the availability of various authentication solutions, companies and Government authorities are facing 
problem in selection of a specific authentication solution as the adoption of any given solution is a complex 
question involving issues, amongst others, of cost, compatibility, feasibility and reliability, and there are 
divergent views on which technologies should be adopted and the timing for their adoption. While these 
solutions can sometimes add to the problem, the right selection, usage & implementation of authentication 
solutions helps companies and authorities to keep them one step ahead of counterfeiting. For the reason 
The Authentication Times team decided to start a series of article on Authentication Technoligies. This is 
the first article of this series giving an overview of authentication technologies to the reader, and this will 
be followed by detailed articles on anti-counterfeiting, anti-tampering and tracking and tracing. 
Authentication: 
With the increase in 
counterfeiting, Authentication 
technologies play an important 
role in supporting brand 
strategies, helping to reduce 
the risk of fraud by deterring 
criminals and enabling 
stakeholders to identify and track 
genuine product with fake one. 
Today, there are various number 
of authentication technologies 
available in the market, although 
all these technologies are applied 
in the three main areas of 
i) Anti-Counterfeiting 
ii) Anti-Tampering, and 
iii) Track and Trace 
Anti-Counterfeiting: 
The common feature of anti-counterfeiting 
technologies is 
that they are edrtremely difficult 
to be counterfeited. Consequently, 
they help in identifying a 
genuine product. Based on the 
authentication requirements, 
such technologies may consist 
of overt, covert and forensic 
features, or a mix thereof. 
Anti-Tampering: 
Such solutions are found more 
in the food and pharmaceutical 
industry where there is a need 
to protect a product from 
adulteration or replacement. An 
intact anti-tampering feature is 
the consumers’ assurance that 
the contents are genuine and not 
tampered or adulterated. 
Track and Trace: 
Track and trace technologies use 
mass serialization to provide a 
unique identity to each SKU. The 
IT technology then allows to keep 
a watch on each SKU through 
customised software that allow 
an authorised user to track the 
movement of this SKU across the 
entire supply chain. Depending 
upon the authorization level, 
each user may also be able to 
access additional information 
pertaining to the product such as 
manufacturing date and factory, 
expiry date, the market such SKU 
is meant for etc. 
All these technologies can be 
categorised as either overt, 
covert, forensic or digital. 
Overt, Covert, Forensic or 
Digital 
Overt: Overt technologies are 
authentication devices built into 
labels, documents and packaging 
which are visible to the user and 
show dynamic visual effects. 
Their main advantage is the 
fast and easy, on the spot, 
visual authentication where no 
12 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
All about Authentication 
Authentication Technologies 
Anti-counterfeiting Anti-tamper 
Tracking 
EAS Tag & 
Systems 
Tamper Evident 
Labels 
Tear Tapes/ 
Delaminating 
Films/Patterned 
Destruct Films / 
Labels 
Optical Security 
Technologies 
Holograms / 
Zero diffraction 
Devices/Floating/ 
Sinking image 
films/color 
shifting films/ 
retroreflective 
Evident Closures 
Shrink Sleeves or 
Films/ Induction 
Security 
Printing 
Tamper 
Seals 
Security inks and 
coatings 
Substrates- 
Security Papers 
Fig: Diagram showing the primarily used authentication technologies 
additional devices are needed. 
Overt features are expected to 
fulfil three main criteria; 
- Communicate with the 
verifier 
- Be easy to identify 
- Be hard to copy and imitate 
Physical secure solutions offering 
overt features include fine-line 
design, security guilloches, 
holograms, optically variable 
devices (OVDs), watermarks, 
films 
Track & Trace 
Systems 
Chemical and 
molecular 
taggants and 
nanotechnologies 
colour-shift and thermochromic 
inks, threads, foils and laminates, 
embossable and laser markable 
films and security papers. 
Overt features can be made 
more secure by combining them 
with covert, forensic and digital 
features. As Overt can be used for 
identification and verification by 
consumer, Covert (Verification by 
a predetermined device or a tool) 
can be used by manufacturer 
Microtext/ 
Nanotext/ 
Guilloche 
Intaglio ink/ 
Fluorescent ink/ 
infrared ink/ 
thermochromic / 
optically variable 
ink /pearlescent 
varnishes/tagged 
inks 
www.aspaglobal.com 13
The Authentication Times 
Inaugural Issue 
All about Authentication 
Diagram: Overt feature (security hologram strip) applied on pharmaceutical 
product label 
or their channel partner for an 
advanced level of authentication 
and verification. The third level is 
highly sophisticated and can be 
used by forensic experts and can 
be useful to law enforcement and 
for evidence in case of litigation. 
Mainly classified as overt 
technologies holograms 
produced in high security 
environment provide covert as 
well as forensic features. 
Covert: Covert technologies 
are not instantly recognisable. 
They require a special reader 
or detector to be able to verify 
their presence and validity, and 
people using covert technologies 
will normally require some kind 
of training. Covert technologies 
include ultraviolet and infrared 
inks, micro text, unique synthetic 
tagging etc. 
Forensic: Forensic technologies, 
being covert, are not readily 
recognisable and require special 
tools for detection and validation. 
Whereas covert technologies can 
be detected and validated in the 
field, forensic technologies must 
often be taken to a laboratory 
with specialised equipment. 
Digital: Digital technologies may 
be either overt or covert, but all 
require an electronic means for 
detection and validation. Digital 
technologies are most associated 
with RFID tags or with serialised 
numbers that can be compared 
to a remote database. 
Conclusion 
In today’s world when brand 
are under attack in forms of 
counterfeiting, tampering, 
pilfering, Authentication 
technologies play an important 
role in protecting brand 
reputation, value, market share 
and above all trust of customers. 
Counterfeiters target well known 
brands for illegal profit, which is 
further used to finance terrorist 
organization. Therefore, a 
product without authentication 
technologies represents a 
significant potential risk to 
society at large. There is no 
single solution to every problem, 
hence, a proper brand protection 
strategy involve combination 
of technologies with proper 
enforcement. It is pertinent 
to mention here ISO:12931 
titled “Performance criteria for 
authentication solutions used to 
combat counterfeiting of material 
goods”. This standard lays down 
some of the best practices to help 
brand owners to strategise and 
fight counterfeiting effectively. 
We believe that this tool should 
be adopted by all brand owners 
to eliminate counterfeit. 
The next article will focus on 
anti-counterfeiting technologies 
in more details. 
14 www.aspaglobal.com
Inaugural Issue Industry Update 
The Authentication Times 
Appointments 
Bobst Promotes 
Brian Kentopp to 
Vice President, 
Business Unit 
Sheet Fed 
Bobst North America 
announced that 
Brian Kentopp has 
been promoted 
to vice president, 
business unit sheet 
fed for North America 
effective June 9. Brian 
will be responsible 
for all corrugated 
board and folding 
carton business in 
the U.S. and Canada. 
Previously, Brian 
had been director of 
sales for corrugated 
board, served as 
product manager for 
corrugated board, 
and began his career 
at Bobst in 2002 as 
regional sales manager 
for corrugated board 
in the Midwest. 
Nanotech 
appoints Troy 
Bullock as cfo 
Nanotech Security 
Corp. appointed Mr. 
Troy Bullock, CPA, 
CA, as its new Chief 
Financial Officer 
replacing Mr. Brian 
Causey, CPA, CA, who 
has served in this role 
over the last four years 
and who will remain 
a valued director of 
the Company. Mr. 
Bullock is a senior 
finance professional 
with more than 20 
years of international 
experience who has 
a strong track record 
in both public and 
private companies 
with public accounting, 
restructuring and 
corporate finance 
duties at KPMG and 
Deloitte. 
OpSec Security 
Group plc 
appoints Richard 
S. Cremona as 
CEO 
OpSec Security Group 
plc, a leading supplier 
of anti-counterfeiting 
technologies and 
services announced 
that Richard S. 
Cremona has been 
appointed as Chief 
Executive Officer of 
the Company. Subject 
to the satisfactory 
completion of the 
necessary regulatory 
requirements, the 
Company intends 
to appoint Mr. 
Cremona to the 
Board of Directors 
in due course. Mr. 
Cremona has held 
a wide variety of 
executive management 
positions with AT&T, 
Lucent Technologies, 
Sprint and Openwave 
Systems. From 2008 
to 2013, he was Chief 
Executive Officer 
of Kentrox Inc. In 
2013, Kentrox was 
acquired by Westell 
Technologies (WSTL), 
at which time he joined 
Westell Technologies 
as its Chief Operating 
Officer. For more 
information visit www. 
opsecsecurity. 
Nigerian Security 
Printing and 
Minting appoint 
Joseph Ugbo as 
New MD 
Mr Joseph Ugbo has 
been appointed as new 
managing director of 
NSPMP. 
Mr Ugbo is a seasoned 
Chemical Engineer 
with over 29 years 
of engineering and 
managerial experience 
with international 
reputed manufacturing 
companies. Prior to 
this appointment, 
Ugbo had worked in 
various levels and 
countries of Unilever 
Plc and rose to the 
position of Head of 
manufacturing where 
he coordinated all 
General Managers in 
manufacturing in the 
entire company. 
www.aspaglobal.com 15
The Authentication Times 
Inaugural Issue 
Industry Update 
Event Review 
Tax Stamp Forum, Dubai, United Arab Emirates, 15-17 September, 2014 
www.taxstampforum.com 
Organised by Reconnaissance 
International, the 5th TAX STAMP 
FORUM was held on 15-17 
September 2014 at Dubai, United 
Arab Emirates. 
Over 230 delegates from 120 
companies / organisation’s 
participated at this event. 
The conference opened with 
workshop on The Anatomy 
of a Tax Stamp followed by a 
discussion on feasibility of a Tax 
Stamp Association. 
At the event, The International 
Banknote Designers Association 
presented a series of papers 
focusing on security, functionality 
and durability of the banknotes 
and the various needs, 
expectations and limitations each 
of the stakeholders of the cash 
cycle is faced with. 
In total, 27 papers were presented 
by various speakers including 
Authentication Solutions 
Providers Association - ASPA 
(formerly HoMAI - Hologram 
Manufacturers Association of 
India), Ghana Revenue Authority, 
SICPA, Securikett, Tullis Russell, 
Shantalla, World Customs 
Organisations, Hueck Folien , UN 
Interregional Crime and Justice 
Research Institute (UNICRI) , 
Xerox , PURA and more. 
ASPA President, Manoj Kochar 
presented paper on increasing 
revenues and curbing illegal 
Liquor in India. He presented an 
overview of Indian Tax Stamp 
market and the role of ASPA in 
curbing illicit liquor. 
Tax Stamp Award 
The event also comprised the 
Tax Stamp Awards recognising 
excellence in the design, 
innovation and implementation 
of tax stamp programmes. 
1. The Best Design Award 
for implementation of tax 
stamps on alcohol products 
was awarded to Mauritius 
Revenue Authority. 
2. The Best New Innovation 
Award was jointly awarded 
to AM-PG for VeroCode and 
Armenia’s Tax Stamps and 
OpSec Security and Xerox for 
Digital Cigarette Stamps for 
the State of Michigan 
Picture: Armenia Tax Stamp 
The Tax Service of the Republic 
of Armenia has introduced tax 
stamps for over 20 types of 
consumer products. The system 
uses AM-PG’s Vero 2D Code 
Track & Trace system along with 
the company’s secure bimetal 
holographic labels. This utilises 
proprietary custom-created 
closed algorithms to generate 
unique codes for each client that 
are applied onto tax stamps and 
cannot be re-engineered, cloned 
or mass copied. On the other 
hand solution fully integrates 
a highly sophisticated, nano-structured, 
encrypted digital 
tax stamp known as SecureITT 
(manufactured by OpSec) with 
Xerox’s eTRACS system. 
Picture: digital tax stamp 
The award for best tax stamp 
programme was awarded to 
Kenya Revenue Authority for 
Excisable Goods Management 
System to Eliminate Illicit Trade 
and Enhance Tax Collection. 
This system for the protection 
of excise tax revenue comprises 
an enhanced excise stamp 
with multiple security layers 
for various stakeholders along 
the supply chain; production 
accounting; and track and trace 
modules. It also provides for 
online forecasting, application 
and processing of stamps, 
accounts management, stock 
control module, tax forecasting 
and business intelligence 
modules. This has led to reduced 
costs tax compliance, faster 
access to stamps and enhanced 
service delivery. As a result, 
Kenya Revenue Authority has 
seized over 300,000 illegitimate 
products from about 900 
outlets, prosecuted more than 
150 offenders and increased 
excise revenue on spirits by 53% 
between February and June 2014. 
Source: Reconnaissance International 
16 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
Industry Updates 
Counterfeit seizure report 
Food & Beverage 
Fake foods rife in South Africa 
http://www.health24.com/Lifestyle/ 
Healthy-you/Fake-foods-flood-South- 
Africa-20140909 
Crackdown on illicit liquor 
sale, 2,880 bottles seized, New 
Delhi 
http://www.asianage.com/delhi/ 
crackdown-illicit-liquor-sale-2880- 
bottles-seized-590 
One arrested with 290 boxes 
of illicit liquor, Punjab 
http://www.hindustantimes.com/ 
punjab/ludhiana/one-arrested-with- 
290-boxes-of-illicit-liquor/ 
article1-1269161.aspx?hts0021 
10 cartons of illicit liquor 
seized, two held, Punjab 
http://www.hindustantimes.com/ 
punjab/ludhiana/10-cartons-of-illicit- 
liquor-seized-two-held/ 
article1-1266508.aspx 
Four arrested with illicit 
liquor worth Rs 87,000, 
Madhya Pradesh 
http://freepressjournal.in/four-arrested-with- 
illicit-liquor-worth-rs-87000/ 
Liquor, chemicals worth 6L 
confiscated, Maharashtra 
http://timesofindia.indiatimes.com/ 
city/nashik/Liquor-chemicals-worth-6L-confiscated/ 
articleshow/43690703.cms 
Crackdown on illicit liquor 
sale, Hyderabad 
http://www.deccanchronicle. 
com/140917/nation-current-affairs/ 
article/crackdown-illicit-liquor-sale 
Cosmetics and 
Personal Care 
SFDA cracks down on fake 
cosmetics 
https://en-maktoob.news.yahoo. 
com/sfda-cracks-down-fake-cosmetics- 
050115683.html 
£10 million worth of fake 
cosmetics seized at Channel 
Tunnel 
http://www.cosmopolitan.co.uk/beauty-hair/ 
makeup/news/a29398/10-mill-fake- 
cosmetics-seize/ 
Two fake cosmetic factories 
fined in Rajshahi, Dhaka 
http://www.dhakatribune.com/ 
crime/2014/sep/16/two-fake-cosmetic-factories- 
fined-rajshahi 
Fake drugs and cosmetics 
worth Dh17m seized 
http://gulfnews.com/news/gulf/uae/ 
general/fake-drugs-and-cosmetics-worth- 
dh17m-seized-1.1381894 
Handbags, Legos among more 
than $500K in fake goods 
seized at Houston-Galveston 
seaport 
http://www.click2houston. 
com/news/500k-in-fake-goods-including- 
handbags-legos-seized-at-seaport/ 
28391526 
Pharmaceuticals 
Los Angeles cracking down on 
sale of illegal pharmaceuticals 
http://abc7.com/news/la-cracking-down- 
on-illegal-pharmaceutical-sales/ 
335517/ 
CEO of Vietnam drug firm held 
for alleged smuggling 
http://tuoitrenews.vn/society/22599/ 
ceo-of-drug-firm-vn-pharma-held-for-alleged- 
smuggling 
Clothing and 
Accessories 
Cyber cell raids counterfeit 
goods godown in Chandigarh 
http://timesofindia.indiatimes.com/city/ 
chandigarh/Cyber-cell-raids-counterfeit-goods- 
godown-in-Chandigarh/ 
articleshow/43474325.cms 
Interpol op nets RM162 
million fake goods across Asia 
http://www.themalaysianinsider.com/ 
world/article/interpol-op-nets-rm162- 
million-fake-goods-across-asia#sthash. 
YPsLExU1.dpuf 
Counterfeit Louis Vuitton 
Goods Worth One Billion Yuan 
Are Seized in Southern China 
http://www.theepochtimes.com/ 
n3/966058-counterfeit-louis-vuitton-goods- 
worth-one-billion-yuan-are-seized- 
in-southern-china/ 
P500M fake goods seized from 
Manila warehouses 
http://www.philstar.com/ 
nation/2014/10/03/1376069/p500m-fake- 
goods-seized-manila-warehouses 
Gucci, Tiffany dealt blow in 
fake goods case against China 
banks 
http://www.firstpost.com/fwire/gucci-tiffany- 
dealt-blow-in-fake-goods-case-against- 
china-banks-1717605.html 
Security and 
Fiduciary Documents 
Police crack counterfeiting 
ring in Regina, 
http://globalnews.ca/news/1581337/ 
police-crack-counterfeiting-ring-in-regina/ 
Counterfeiting on the rise, 
warns Reserve Bank, Australia 
http://www.smh.com.au/business/ 
banking-and-finance/counterfeiting-on-the- 
rise-warns-reserve-bank-20140909- 
10ee7b.html 
Two charged with 
counterfeiting bills 
http://www.thedailystar.com/news/ 
local_news/article_6a5710da-b639-58ce-a65d- 
5358707cb954.html 
Italy makes massive seizure of 
counterfeit euro banknotes 
http://www.reuters.com/ 
article/2014/09/24/us-italy-counterfeit-euro- 
idUSKCN0HJ16Q20140924 
www.aspaglobal.com 17
Inaugural Issue Industry Updates 
The Authentication Times 
Global patents 
Publication Title Int. Application Applicant / Inventor 
DD.MM.YYYY Class Number 
25.09.2014 WO/2014/152775 - C12Q 1/68 PCT/US2014/027718 Certirx 
Nucleic acid-based Corporation/ 
authentication and Mercolino, 
identification codes Thomas, J. 
Brief Abstract: The present disclosure relates to nucleic-acid based product authentication and identification by 
determining authentication codes comprising target nucleic acids using oligonucleotide probes associated with 
samples. The presence of the authentication code is determined using detection methods, such as flow cytometric 
methods, capable of particle discrimination based on the light scattering or fluorescence properties of the particle. 
Target-correlated fluorescence signal, originating from a target nucleic acid hybridized to labeled complementary 
oligonucleotides is determined as an indicator of the presence of the authentication code. In some embodiments, 
an intercalating dye is used to determine the presence of target nucleotide/oligonucleotide heterodimers and 
identify an authentication code. 
18.09.2014 20140267754 - Method for B42D 15/00 13833630 LUXTREME LIMITED/ 
applying a security marking to Rantala Juha 
an object and a hyper-spectral 
imaging reader 
Brief Abstract: : Provided is a method for applying a security marking to an object and a hyper-spectral imaging 
device to readout the embedded information in the security marking to verify the object’s authenticity. The present 
invention relates generally to the field of security markings and anti-counterfeiting technologies. More particularly 
to optical product authentication methods, which are based on photoactive nanoparticles emitting in visible and 
near-infrared wavelengths when excited with ultra violet or near infrared light. 
11.09.2014 20140252081 - Method and G06Q 30/06 14197561 Gutierrez Robert 
apparatus for authenticating, 
tracking, and marketing 
products 
Brief Abstract: A method and system for marketing products with digital codes that may be scanned by a cell 
phone to establish communications with a website including information about the product. The digital codes 
identify the unique product as well as the general class of similar products and this allows the website to establish 
and record information that tracks the movement of the product over time for product authentication, mobile 
marketing, and the like, for use by authorized personnel. 
04.09.2014 WO/2014/133384 - Process of D06P 1/00 PCT/NL2014/050113 Feyecon development 
marking a textile substrate & implementation 
B.V./ Van Der Kraan, 
Martijn 
Brief Abstract: The invention relates to the marking of textile products that have been dyed using a supercritical 
dyeing process. More particularly, the invention provides a process of marking a textile substrate with a tracer, 
said process comprising contacting the textile substrate with a supercritical or near-critical dyeing medium 
containing a dye and a tracer, said tracer being selected from a metal chelate and a chemiluminescent agent. The 
process of the present invention uses the supercritical or near-critical dyeing medium as a vehicle for depositing 
a tracer onto the textile substrate that is also dyed using this medium. The presence of the deposited tracer on 
the dyed textile can be detected using a simple and reliable authentication method. The invention also concerns 
a marked textile productobtained by the aforementioned process. Also provided are a dyeing composition that 
can be used in the aforementioned process as well as methods for authenticating textile products that have been 
marked using his process. 
18 www.aspaglobal.com
The Authentication Times 
Inaugural Issue 
Industry Updates 
Upcoming events 
Date Event Name / Place / Website 
29 Oct-1Nov, 2014 Label Expo India* 
Pragati Maidan, New Delhi, www.labelexpo-india.com 
16-19Nov, 2014 African Banknote Conference 
Cape Town, South Africa, www.africanbanknote.com 
19-20 Nov, 2014 9th Annual Brand Protection and Anti-Counterfeiting Summit 
Munich, Germany, www.brandprotectionevent.com 
3-5 Dec, 2014 The Holography Conference* 
Istanbul, Turkey, www.theholographyconference.com 
19-21 Jan, 2015 High Security Printing 2015, Asia, Middle East & Africa 
Manila, The Philippines, www.hsp-asia.com 
3-5 Mar, 2015 IP Protect Expo 2015 
London, UK, www.ip-protectexpo.com 
23-25 Mar, 2015 High Security Printing 2015, Europe 
Budapest, Hungary, www.hsp-europe.com 
22-24 Apr , 2015 Security Printers 2015 
Copenhagen, Denmark, www.securityprinters.org 
10-13 May, 2015 The currency conference 
Vancouver, Canada, www.currencyconference.com 
13-15 May, 2015 Pharma Pro Pack Expo* 
Mumbai, India, www.pharmapropack.com 
9-11 Jun, 2015 Security Document World 
London, UK, www.sdw2014.com 
Published by 
Authentication Solution Providers’ Assciation 
(ASPA) 
Editorial Team 
Issue Editor : C S Jeena 
Advisor : Mr. Pradip H Shroff 
Mr. Manoj Kochar 
Designed & : EYEDEA Advertising 
Printed by 1250/13, Govindpuri, 
Kalkaji, New Delhi-19 
(India) 
eyedeaadvertising@gmail.com 
www.artworxindia.in 
The Authentication Times is a quarterly 
newsletter published by ASPA with an aim 
to provide latest developments, research, 
articles, patents and industry news to a 
wide audience related to Authenticatoni in 
India and World. 
The editorial team welcomes your news, 
contributions and comments. Please send 
your product updates, press releases, 
conference announcements or other 
contributions to ASPA: 
21-Ground Floor, Devika Tower 6 
Nehru Place, New Delhi 110019, India 
Telfax: +91 (11) 41617369 
Email: info@aspaglobal.com 
Website: www.aspaglobal.com 
Disclaimer: 
The data used here are from various 
published and electronically available 
primary and secondary sources. Despite 
due diligence the source data may contain 
occasional errors. In such instances, ASPA 
would not be responsible for such errors. 
Diverse technologies, common goal. 
Authentication Solution Providers’ Association 
(ASPA) is a self-regulated, non-profit 
organization of authentication solution 
providers. Founded in 1998 as Hologram 
Manufacturers Association of India (HoMAI), it 
has now been re-launched in 2014 as ASPA to 
more accurately represent the transformation 
of products and services offered by its existing 
member companies. The broader scope 
of ASPA also covers a wide array of other 
technologies that have evolved over the years. 
As the world’s first and only industry body 
of its kind, ASPA aims to comprehensively 
covers the interests of the entire authentication 
solutions industry worldwide, including, but 
not limited to, holograms, optically variable 
devices (OVD’s), taggants, security inks and 
substrates, watermarks, nanotechnologies, 
RFIDs, barcode/ QR code-based digital 
tracking and verification solutions, security 
and tamper-evident labels and any other 
brand protection and authentication solutions. 
ASPA works closely with global authorities 
such as International Hologram Manufacturers 
Association (IHMA), Counterfeit Intelligence 
Bureau (CIB) and Interpol. ASPA members 
protect over 10,000 brands worldwide through 
the identification of genuine products and 
documents. 
* ASPA participating events. Meet us at these events to know more about us. 
www.aspaglobal.com 19
The Authentication Times 
Inaugural Issue 
20 www.aspaglobal.com

More Related Content

What's hot

The Holography Times, January 2013, Volume 7, Issue no 20
The Holography Times, January 2013, Volume 7, Issue no 20The Holography Times, January 2013, Volume 7, Issue no 20
The Holography Times, January 2013, Volume 7, Issue no 20The Authentication Times
 
The Holography Times, April 2010, Volume 4, Issue no 10
The Holography Times, April 2010, Volume 4, Issue no 10The Holography Times, April 2010, Volume 4, Issue no 10
The Holography Times, April 2010, Volume 4, Issue no 10The Authentication Times
 
The Holography Times, September 2008, Volume 2, Issue No 4
The Holography Times, September 2008, Volume 2, Issue No 4The Holography Times, September 2008, Volume 2, Issue No 4
The Holography Times, September 2008, Volume 2, Issue No 4The Authentication Times
 
The Holography Times, June 2008, Volume 2, Issue No 3
The Holography Times, June 2008, Volume 2, Issue No 3 The Holography Times, June 2008, Volume 2, Issue No 3
The Holography Times, June 2008, Volume 2, Issue No 3 The Authentication Times
 
The Holography Times, July 2009, Volume 3, Issue No 7
The Holography Times, July 2009, Volume 3, Issue No 7The Holography Times, July 2009, Volume 3, Issue No 7
The Holography Times, July 2009, Volume 3, Issue No 7The Authentication Times
 

What's hot (20)

The Holography Times, January 2013, Volume 7, Issue no 20
The Holography Times, January 2013, Volume 7, Issue no 20The Holography Times, January 2013, Volume 7, Issue no 20
The Holography Times, January 2013, Volume 7, Issue no 20
 
The Authentication Times Issue 29
The Authentication Times Issue 29The Authentication Times Issue 29
The Authentication Times Issue 29
 
Ht issue 13 201102
Ht issue 13 201102Ht issue 13 201102
Ht issue 13 201102
 
The Authentication Times issue 32
The Authentication Times issue 32The Authentication Times issue 32
The Authentication Times issue 32
 
The Holography Times, April 2010, Volume 4, Issue no 10
The Holography Times, April 2010, Volume 4, Issue no 10The Holography Times, April 2010, Volume 4, Issue no 10
The Holography Times, April 2010, Volume 4, Issue no 10
 
Ht issue 15 201109
Ht issue 15 201109Ht issue 15 201109
Ht issue 15 201109
 
The Authentication Times, Issue 30
The Authentication Times, Issue 30The Authentication Times, Issue 30
The Authentication Times, Issue 30
 
The Holography Times, September 2008, Volume 2, Issue No 4
The Holography Times, September 2008, Volume 2, Issue No 4The Holography Times, September 2008, Volume 2, Issue No 4
The Holography Times, September 2008, Volume 2, Issue No 4
 
The authentication times issue 35
The authentication times issue 35The authentication times issue 35
The authentication times issue 35
 
Ht issue 14 201106
Ht issue 14 201106Ht issue 14 201106
Ht issue 14 201106
 
Ht issue 16 201112
Ht issue 16 201112Ht issue 16 201112
Ht issue 16 201112
 
The Holography Times, June 2008, Volume 2, Issue No 3
The Holography Times, June 2008, Volume 2, Issue No 3 The Holography Times, June 2008, Volume 2, Issue No 3
The Holography Times, June 2008, Volume 2, Issue No 3
 
Authentication Solutions to stop the Scourge of Spurious Medicines
Authentication Solutions to stop the Scourge of Spurious MedicinesAuthentication Solutions to stop the Scourge of Spurious Medicines
Authentication Solutions to stop the Scourge of Spurious Medicines
 
Ht issue 12 201011
Ht issue 12 201011Ht issue 12 201011
Ht issue 12 201011
 
The Holography Times, July 2009, Volume 3, Issue No 7
The Holography Times, July 2009, Volume 3, Issue No 7The Holography Times, July 2009, Volume 3, Issue No 7
The Holography Times, July 2009, Volume 3, Issue No 7
 
Is Hologram Packaging the 6th P of marketing?
Is Hologram Packaging the 6th P of marketing?Is Hologram Packaging the 6th P of marketing?
Is Hologram Packaging the 6th P of marketing?
 
Use of holograms as security and authentication devices in india
Use of holograms as security and authentication devices in indiaUse of holograms as security and authentication devices in india
Use of holograms as security and authentication devices in india
 
The Authentication Times Issue 38
The Authentication Times Issue 38The Authentication Times Issue 38
The Authentication Times Issue 38
 
Coded holograms-keeping-the-supply-chain-secure
Coded holograms-keeping-the-supply-chain-secureCoded holograms-keeping-the-supply-chain-secure
Coded holograms-keeping-the-supply-chain-secure
 
Situation of drug counterfeiting in Rajasthan and the ways to tackle this menace
Situation of drug counterfeiting in Rajasthan and the ways to tackle this menaceSituation of drug counterfeiting in Rajasthan and the ways to tackle this menace
Situation of drug counterfeiting in Rajasthan and the ways to tackle this menace
 

Viewers also liked

The Holography Times, October 2009, Volume 3, Issue No 8
The Holography Times, October 2009, Volume 3, Issue No 8 The Holography Times, October 2009, Volume 3, Issue No 8
The Holography Times, October 2009, Volume 3, Issue No 8 The Authentication Times
 
The Holography Times, June 2012, Volume 6, Issue no 18
The Holography Times, June 2012, Volume 6, Issue no 18The Holography Times, June 2012, Volume 6, Issue no 18
The Holography Times, June 2012, Volume 6, Issue no 18The Authentication Times
 
The Holography Times, March 2008, Volume 1, Issue 2
The Holography Times, March 2008, Volume 1, Issue 2The Holography Times, March 2008, Volume 1, Issue 2
The Holography Times, March 2008, Volume 1, Issue 2The Authentication Times
 
The Holography Times, November 2007, Volume 1, Issue 1
The Holography Times, November 2007, Volume 1, Issue 1The Holography Times, November 2007, Volume 1, Issue 1
The Holography Times, November 2007, Volume 1, Issue 1The Authentication Times
 
The Holography Times, January 2009, Volume 2, Issue No 5
The Holography Times, January 2009, Volume 2, Issue No 5 The Holography Times, January 2009, Volume 2, Issue No 5
The Holography Times, January 2009, Volume 2, Issue No 5 The Authentication Times
 
The Holography Times, June 2013, Volume 7, Issue no 21
The Holography Times, June 2013, Volume 7, Issue no 21The Holography Times, June 2013, Volume 7, Issue no 21
The Holography Times, June 2013, Volume 7, Issue no 21The Authentication Times
 
The Holography Times, April 2009, Volume 3, Issue No 6
The Holography Times, April 2009, Volume 3, Issue No 6The Holography Times, April 2009, Volume 3, Issue No 6
The Holography Times, April 2009, Volume 3, Issue No 6The Authentication Times
 
The Holography Times, May 2014, Volume 8, Issue no 24
The Holography Times, May 2014, Volume 8, Issue no 24The Holography Times, May 2014, Volume 8, Issue no 24
The Holography Times, May 2014, Volume 8, Issue no 24The Authentication Times
 
The Holography Times, February 2010, Volume 3, Issue No 9
The Holography Times, February 2010, Volume 3, Issue No 9The Holography Times, February 2010, Volume 3, Issue No 9
The Holography Times, February 2010, Volume 3, Issue No 9The Authentication Times
 
The Holography Times, July 2010, Volume 4, Issue no 11
The Holography Times, July 2010, Volume 4, Issue no 11The Holography Times, July 2010, Volume 4, Issue no 11
The Holography Times, July 2010, Volume 4, Issue no 11The Authentication Times
 

Viewers also liked (13)

The Holography Times, October 2009, Volume 3, Issue No 8
The Holography Times, October 2009, Volume 3, Issue No 8 The Holography Times, October 2009, Volume 3, Issue No 8
The Holography Times, October 2009, Volume 3, Issue No 8
 
The Holography Times, June 2012, Volume 6, Issue no 18
The Holography Times, June 2012, Volume 6, Issue no 18The Holography Times, June 2012, Volume 6, Issue no 18
The Holography Times, June 2012, Volume 6, Issue no 18
 
Identity document challenges and solutions
Identity document challenges and solutionsIdentity document challenges and solutions
Identity document challenges and solutions
 
The Holography Times, March 2008, Volume 1, Issue 2
The Holography Times, March 2008, Volume 1, Issue 2The Holography Times, March 2008, Volume 1, Issue 2
The Holography Times, March 2008, Volume 1, Issue 2
 
The Holography Times, November 2007, Volume 1, Issue 1
The Holography Times, November 2007, Volume 1, Issue 1The Holography Times, November 2007, Volume 1, Issue 1
The Holography Times, November 2007, Volume 1, Issue 1
 
Steps to identify authentication solutions to curb counterfeiting
Steps to identify authentication solutions to curb counterfeitingSteps to identify authentication solutions to curb counterfeiting
Steps to identify authentication solutions to curb counterfeiting
 
The Holography Times, January 2009, Volume 2, Issue No 5
The Holography Times, January 2009, Volume 2, Issue No 5 The Holography Times, January 2009, Volume 2, Issue No 5
The Holography Times, January 2009, Volume 2, Issue No 5
 
The Holography Times, June 2013, Volume 7, Issue no 21
The Holography Times, June 2013, Volume 7, Issue no 21The Holography Times, June 2013, Volume 7, Issue no 21
The Holography Times, June 2013, Volume 7, Issue no 21
 
The Holography Times, April 2009, Volume 3, Issue No 6
The Holography Times, April 2009, Volume 3, Issue No 6The Holography Times, April 2009, Volume 3, Issue No 6
The Holography Times, April 2009, Volume 3, Issue No 6
 
The Holography Times, May 2014, Volume 8, Issue no 24
The Holography Times, May 2014, Volume 8, Issue no 24The Holography Times, May 2014, Volume 8, Issue no 24
The Holography Times, May 2014, Volume 8, Issue no 24
 
Counterfeit threat-for-electronics-industry-on-rise-plug-it
Counterfeit threat-for-electronics-industry-on-rise-plug-itCounterfeit threat-for-electronics-industry-on-rise-plug-it
Counterfeit threat-for-electronics-industry-on-rise-plug-it
 
The Holography Times, February 2010, Volume 3, Issue No 9
The Holography Times, February 2010, Volume 3, Issue No 9The Holography Times, February 2010, Volume 3, Issue No 9
The Holography Times, February 2010, Volume 3, Issue No 9
 
The Holography Times, July 2010, Volume 4, Issue no 11
The Holography Times, July 2010, Volume 4, Issue no 11The Holography Times, July 2010, Volume 4, Issue no 11
The Holography Times, July 2010, Volume 4, Issue no 11
 

Similar to The Authentication Times, October 2014, Volume 8, Issue 25

HI_NEWSLETTER 15_January 2015_Road to Revolution
HI_NEWSLETTER 15_January 2015_Road to RevolutionHI_NEWSLETTER 15_January 2015_Road to Revolution
HI_NEWSLETTER 15_January 2015_Road to RevolutionCorinne Murcia Giudicelli
 
Nagels North America - Product Catalog 2016
Nagels North America - Product Catalog 2016Nagels North America - Product Catalog 2016
Nagels North America - Product Catalog 2016Brian Rogers
 
BDG scratch cards 01-2011
BDG   scratch cards 01-2011BDG   scratch cards 01-2011
BDG scratch cards 01-2011yigalchetrit
 
2009 Hashkiosk Presentation
2009 Hashkiosk Presentation2009 Hashkiosk Presentation
2009 Hashkiosk Presentationsurajitfa
 
nagels parking brochure
nagels parking brochurenagels parking brochure
nagels parking brochureJulian Janßen
 
Gen-generalesigning-august2013
Gen-generalesigning-august2013Gen-generalesigning-august2013
Gen-generalesigning-august2013Youcef Hamadache
 
Gen-generalesigning-august2013
Gen-generalesigning-august2013Gen-generalesigning-august2013
Gen-generalesigning-august2013Youcef Hamadache
 
gen-generalesigning-august2013
gen-generalesigning-august2013gen-generalesigning-august2013
gen-generalesigning-august2013Youcef Hamadache
 
Nitecrest Banking Brochure
Nitecrest Banking BrochureNitecrest Banking Brochure
Nitecrest Banking BrochureNitecrest Ltd.
 
Mf Group Rev03
Mf Group Rev03Mf Group Rev03
Mf Group Rev03usagus
 
Print-Rite-Explorer-E-Zine 201901
Print-Rite-Explorer-E-Zine 201901Print-Rite-Explorer-E-Zine 201901
Print-Rite-Explorer-E-Zine 201901UTec Toner Supply
 
I wallet corporation puts portfolio of secure techcessories
I wallet corporation puts portfolio of secure techcessoriesI wallet corporation puts portfolio of secure techcessories
I wallet corporation puts portfolio of secure techcessoriesiwalletusa
 
Kiosk Innova Products
Kiosk Innova ProductsKiosk Innova Products
Kiosk Innova ProductsKiosk Innova
 
Efma-Accenture Innovation in Insurance Awards 2019
Efma-Accenture Innovation in Insurance Awards 2019Efma-Accenture Innovation in Insurance Awards 2019
Efma-Accenture Innovation in Insurance Awards 2019Accenture Insurance
 
November 2019 Entrepreneur India Monthly Magazine
November 2019 Entrepreneur India Monthly MagazineNovember 2019 Entrepreneur India Monthly Magazine
November 2019 Entrepreneur India Monthly MagazineAjjay Kumar Gupta
 

Similar to The Authentication Times, October 2014, Volume 8, Issue 25 (20)

HI_NEWSLETTER 15_January 2015_Road to Revolution
HI_NEWSLETTER 15_January 2015_Road to RevolutionHI_NEWSLETTER 15_January 2015_Road to Revolution
HI_NEWSLETTER 15_January 2015_Road to Revolution
 
Nagels North America - Product Catalog 2016
Nagels North America - Product Catalog 2016Nagels North America - Product Catalog 2016
Nagels North America - Product Catalog 2016
 
CardTech_SESAMES_F[1]
CardTech_SESAMES_F[1]CardTech_SESAMES_F[1]
CardTech_SESAMES_F[1]
 
BDG scratch cards 01-2011
BDG   scratch cards 01-2011BDG   scratch cards 01-2011
BDG scratch cards 01-2011
 
2009 Hashkiosk Presentation
2009 Hashkiosk Presentation2009 Hashkiosk Presentation
2009 Hashkiosk Presentation
 
nagels parking brochure
nagels parking brochurenagels parking brochure
nagels parking brochure
 
Gen-generalesigning-august2013
Gen-generalesigning-august2013Gen-generalesigning-august2013
Gen-generalesigning-august2013
 
Gen-generalesigning-august2013
Gen-generalesigning-august2013Gen-generalesigning-august2013
Gen-generalesigning-august2013
 
gen-generalesigning-august2013
gen-generalesigning-august2013gen-generalesigning-august2013
gen-generalesigning-august2013
 
AGB- Nordic
AGB- NordicAGB- Nordic
AGB- Nordic
 
Nitecrest Banking Brochure
Nitecrest Banking BrochureNitecrest Banking Brochure
Nitecrest Banking Brochure
 
Mf Group Rev03
Mf Group Rev03Mf Group Rev03
Mf Group Rev03
 
Print-Rite-Explorer-E-Zine 201901
Print-Rite-Explorer-E-Zine 201901Print-Rite-Explorer-E-Zine 201901
Print-Rite-Explorer-E-Zine 201901
 
GnD report final
GnD report finalGnD report final
GnD report final
 
I wallet corporation puts portfolio of secure techcessories
I wallet corporation puts portfolio of secure techcessoriesI wallet corporation puts portfolio of secure techcessories
I wallet corporation puts portfolio of secure techcessories
 
Kiosk Innova Products
Kiosk Innova ProductsKiosk Innova Products
Kiosk Innova Products
 
zircon blr
zircon blrzircon blr
zircon blr
 
Visitor information
Visitor informationVisitor information
Visitor information
 
Efma-Accenture Innovation in Insurance Awards 2019
Efma-Accenture Innovation in Insurance Awards 2019Efma-Accenture Innovation in Insurance Awards 2019
Efma-Accenture Innovation in Insurance Awards 2019
 
November 2019 Entrepreneur India Monthly Magazine
November 2019 Entrepreneur India Monthly MagazineNovember 2019 Entrepreneur India Monthly Magazine
November 2019 Entrepreneur India Monthly Magazine
 

More from The Authentication Times

More from The Authentication Times (6)

The Authentication Times Issue 39
The Authentication Times Issue 39The Authentication Times Issue 39
The Authentication Times Issue 39
 
The Authentication Times, Issue 37
The Authentication Times, Issue 37The Authentication Times, Issue 37
The Authentication Times, Issue 37
 
The Authentication Times Issue 36
The Authentication Times Issue 36The Authentication Times Issue 36
The Authentication Times Issue 36
 
The Authentication Times Issue 34
The Authentication Times Issue 34The Authentication Times Issue 34
The Authentication Times Issue 34
 
The Authentication Times Issue 33
The Authentication Times Issue 33The Authentication Times Issue 33
The Authentication Times Issue 33
 
The Authentication Times Issue 31
The Authentication Times Issue 31The Authentication Times Issue 31
The Authentication Times Issue 31
 

Recently uploaded

The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...Antonis Zairis
 
The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024Neil Day
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfAdnet Communications
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.Arifa Saeed
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxsonamyadav7097
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent PreferencesGRAPE
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI360factors
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...mwangimwangi222
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfMichael Silva
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismBrian Lin
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESKumarJayaraman3
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklosbeduinpower135
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxPrecize Formely Leadoff
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoCoinGecko
 
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTindexPub
 

Recently uploaded (20)

Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024Monthly Economic Monitoring of Ukraine No.230, March 2024
Monthly Economic Monitoring of Ukraine No.230, March 2024
 
The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...The unequal battle of inflation and the appropriate sustainable solution | Eu...
The unequal battle of inflation and the appropriate sustainable solution | Eu...
 
The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024The CBR Covered Bond Investor Roundtable 2024
The CBR Covered Bond Investor Roundtable 2024
 
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdfLundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
Lundin Gold March 2024 Corporate Presentation - PDAC v1.pdf
 
MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.MARKET FAILURE SITUATION IN THE ECONOMY.
MARKET FAILURE SITUATION IN THE ECONOMY.
 
Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024Commercial Bank Economic Capsule - March 2024
Commercial Bank Economic Capsule - March 2024
 
LIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptxLIC PRIVATISATION its a bane or boon.pptx
LIC PRIVATISATION its a bane or boon.pptx
 
Contracts with Interdependent Preferences
Contracts with Interdependent PreferencesContracts with Interdependent Preferences
Contracts with Interdependent Preferences
 
What Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AIWhat Key Factors Should Risk Officers Consider When Using Generative AI
What Key Factors Should Risk Officers Consider When Using Generative AI
 
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...Solution manual for  Intermediate Accounting, 11th Edition by David Spiceland...
Solution manual for Intermediate Accounting, 11th Edition by David Spiceland...
 
Stock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdfStock Market Brief Deck for March 26.pdf
Stock Market Brief Deck for March 26.pdf
 
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for TourismTaipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
Taipei, A Hidden Jewel in East Asia - PR Strategy for Tourism
 
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTESACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
ACCOUNTING FOR BUSINESS.II BRANCH ACCOUNTS NOTES
 
Digital Financial Services Taxation in Africa
Digital Financial Services Taxation in AfricaDigital Financial Services Taxation in Africa
Digital Financial Services Taxation in Africa
 
Effects & Policies Of Bank Consolidation
Effects & Policies Of Bank ConsolidationEffects & Policies Of Bank Consolidation
Effects & Policies Of Bank Consolidation
 
Hungarys economy made by Robert Miklos
Hungarys economy   made by Robert MiklosHungarys economy   made by Robert Miklos
Hungarys economy made by Robert Miklos
 
Buy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptxBuy and Sell Urban Tots unlisted shares.pptx
Buy and Sell Urban Tots unlisted shares.pptx
 
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGeckoRWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
RWA Report 2024: Rise of Real-World Assets in Crypto | CoinGecko
 
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINTACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
ACADEMIC BANK OF CREDIT: A WORLDWIDE VIEWPOINT
 
E-levy and Merchant Payment Exemption in Ghana
E-levy and Merchant Payment Exemption in GhanaE-levy and Merchant Payment Exemption in Ghana
E-levy and Merchant Payment Exemption in Ghana
 

The Authentication Times, October 2014, Volume 8, Issue 25

  • 1. The Authentication Times The Authentication Times Inaugural Issue October 2014 | Volume 8 | Issue 25 Evolution of polymer banknotes - Pros and cons www.aspaglobal.com The official newsletter of Authentication Solution Providers’ Association (ASPA) www.aspaglobal.com 1
  • 2. The Authentication Times Inaugural Issue News Bytes Come and witness the launch of the next generation of printing presses from the leading manufacturers and be among the first to see them in action. LABEL PRINTING HAS EVOLVED Learn how cutting-edge technology, innovative new materials and intelligent labels are revitalizing in-store sales; be the solution your clients need. Secure new business, while reducing your operating costs, increasing your profits and expanding your services. Competition is fierce, tame it at the largest label and package printing event in South Asia. Register for FREE entry today at: WWW.LABELEXPO-INDIA.COM ALIVE with TECHNOLOGY 2 www.aspaglobal.com
  • 3. The Authentication Times Inaugural Issue Viewpoint Dear Reader, Welcome to the 25th edition of our newsletter with a new name “The Authentication Times” (formerly known as The Holography Times-THT). Recently, HoMAI had completed its re-branding and now will be known as Authentication Solution Providers’ Association (ASPA). With this it is becoming inevitable for us to change the name of “The Holography Times” as “The Authentication Times”. We will now focus on providing information, industry trends and news on authentication solutions from across the globe. In the last few months, one of the two biggest economies of paper banknotes has shown their interest in polymer banknotes. Our current cover story is focus on “Evolution of polymer banknotes: pros and cons”. Apart from this we are starting a series of article on authentication with name “All about authentication”. The first article of this series will give you an overview of authentication technologies. Apart from this the issue also covers the industry updates including news, counterfeit seizure report, event review, appointments and global patents. We are thankful to our readers for their support in last 7 years and hope that they will like the changes we are going for. Do send us your feedback/critics at info@ aspaglobal.com. With Best Regards, C S Jeena Editor In this issue 4 7 12 News bytes Evolution of polymer banknotes -Pros and cons Overview Authentication Technologies Industry updates Appointments 15 Event Review 16 Counterfeit Seizure Report 17 Global Patents 18 Upcoming events 19 Announcement on change of name We are pleased to announce that The Holography Times changed its name to The Authetication Times from this issue effective October 2014. www.aspaglobal.com 3
  • 4. The Authentication Times Inaugural Issue Leading News New €10 banknote enters circulation Portrait hologram (Source: © European Central Bank) Following the new €5 note, which has been in circulation since May 2013, the second new denomination of the Europa series €10 had entered into circulation on 23 September 2014. Like the new €5, the new €10 has several enhanced security features that draw on advances in banknote security and technology. The security features of the Europa series are easy to check 1. Portrait watermark 2. Portrait Hologram 3. Emerald number 4. Raised Print 5. Security thread using the “feel, look and tilt” method and more counterfeit-proof. A special coating on the 5 euro and 10 euro banknotes shall make them more hardwearing. The Europa series, the second series of euro banknotes, is named after a figure in Greek mythology. The portrait of Europa is featured in both the watermark and the hologram stripe. This innovation has been designed by the Eurosystem to augment the familiar architectural motifs and broaden the symbolism of a single Europe, creating an easily identifiable feature for the entire new series. Its hologram and watermark include a portrait of Europa. It also has an “emerald number”. When tilted, the shiny number displays an effect of the light that moves up and down, and also changes colour from emerald green to deep blue. Source: www.ecb.europa.eu The new NIS 50 banknote— the first in the new series of banknotes (Series C of the New Shekel)—bearing the likeness of Shaul Tchernichovsky, enters circulation on September 16, 2014. The new banknotes have a standard of security, innovation and accessibility that is among the most advanced world, and they incorporate a range of leading edge anti-counterfeiting security features, created through various technologies. In addition, the new banknotes include special features to aid the blind and vision impaired. The visible security features include, the transparent portrait, perforated numerals, raised ink, glittering stripe, golden book and the security thread, in green, interlaced into the banknote surface and revealed through three “windows” on the back of the banknote. When tilting the banknote the thread changes color. Source: www.boi.org.il Bank of Israel new 50 shekel bill introduced 4 www.aspaglobal.com
  • 5. The Authentication Times Inaugural Issue Product Launch Datacolor unveil 45IR for security printing Portable spectrophotometer tailored to meet the needs of central banks, security ink producers, and banknote printers Datacolor®, provider of color management and color communication technology had announced the availability of Datacolor 45IR, a portable spectrophotometer uniquely designed to meet the distinct quality control and ink formulation requirements of the security printing industry. According to officials, “Datacolor 45IR will help prevent counterfeiting of banknotes and confidential government or company documents, guaranteeing quality control for all market players such as central banks, banknote printers and security ink producers”. The only high-precision portable instrument with a 3-in-1 solution, Datacolor 45IR uses industry standard 0/45 geometry for colorimetric and near infrared ranges as well as densitometric functions to provide unparalleled formulation, quality control, and authentication. Datacolor 45IR’s improved Inter Instrument Agreement enables digital color communication which increases the speed, efficiency and precision throughout the secure printing process. In addition the Datacolor 45IR features significant enhancements to improve performance, including an intuitive interface and complete on-board software for stand-alone measurement with a high resolution color screen, and a lightweight ergonomic design to improve the overall ease of use. Responding to direct customer feedback, Datacolor designed the 45IR so units can be serviced at the customer site. Through this improved technology, the 45IR removes the need for sending units back to the manufacturer, therefore streamlining the color approval process. “Quality requirements in the security ink market have risen significantly,” said Walter Franz, Global Business Development, Datacolor. “With its state of the art technology, Datacolor 45IR allows the security ink supply chain to fulfill these specific requirements and to communicate color data more efficiently.” Source: www.datacolor.com/45ir THE PREMIUM RETRANSFER PRINTER Avansia is ideal for delivering: Corporate ID cards Secure access badges Student cards Payment cards Loyalty cards / gift cards National ID cards Driver’s licenses HOW DOES RETRANSFER Evolis unveil latest retransfer printer Evolis had introduced the AVANSIA, a new printer that utilizes retransfer printing technology to deliver high quality, high durability cards. With retransfer printing, the card layout is first printed on a transparent film and then the print layer is transferred to the card. This makes it possible to cover the entire surface of the card, eliminate white edges and protect the print head from damage. AVANSIA’s 600-DPI print head delivers quality images, as well as sharp texts, microprints and watermarks. The retransfer technology supports and can improve a variety of applications: employee badges, secured access cards, student IDs, payment cards, official identification cards, driver licenses, and more. AVANSIA can issue more than 140 single-sided color cards per hour. The printer supports the delivery of cards in large runs, thanks to its large-capacity feeder and output hopper — 250 cards each — as well as consumables from the Evolis High Trust range that are engineered for this type of personalization Retransfer technology makes it possible to print on any card profile — PVC, PET, polycarbonate, ABA, etc. — even on cards with an uneven surface. To support specific requirements, AVANSIA supports all types of encoding, including magnetic stripe, contact smart cards and contactless smart cards. This printer offers additional security via an RFID-based electronic key, which can be removed in order to prevent rogue use of the printer. A mechanical lock system is also available as an option. The AVANSIA comes with a three-year standard warranty, coupled with the lifetime warranty on the print head. Source: www.evolis.com www.aspaglobal.com 5 FLAWLESS Retransfer maximizes High are watermarks Over guarantee since Evolis provides MEDIA The Avansia print polycarbonate, card contactless The standard perfect MULTIPLE To meet be confi options: contactless gured combined. TECHNOLOGY WORK? The card is printed in two phases: 1 The card design is printed by dye sublimation on a transparent fi lm. 2 The printed fi lm is then fused to the card using a thermal bonding process for fl awless results. The built-in fl attener applies pressure on the card, thus ensuring a perfectly fl at surface. Heat roller Card Print head Clear fi lm Color ribbon Flattener
  • 6. The Authentication Times Inaugural Issue Projects Awarded De La Rue wins banknote printing contract De La Rue has been named as the preferred bidder for the 10 year contract to print plastic banknotes for the Bank of England, which is due to commence in April 2015. De La Rue Chairman, Philip Rogerson, said: “We are delighted that De La Rue has been selected as the preferred bidder for this very prestigious and important contract with the Bank of England.” The company says it will cooperate with the Bank over the weeks ahead to ensure that it conforms to all of its due diligence checks, ahead of the contract being awarded. The BoE will require De La Rue to print 12 billion banknotes. Fig.: Concept design for new polymer £5 note Plastic banknotes are set to come into circulation in 2016 in the UK, starting with the new £5 note (featuring Sir Winston Churchill), followed by the £10 (featuring Barclays unveil authentication technology Barclays has revealed what it says is the future of fraud prevention in corporate banking with the Barclays Biometric Reader, a Hitachi-developed tool that uses “vein authentication technology” to ensure secure customer authentication for corporate transactions. Revealed at an event at the bank’s Canary Wharf headquarters, the biometric reader was described by Ashok Vaswani, CEO of Barclays personal and corporate banking, as a “very, very exciting development” that will be available to corporate clients from 2015. “It’s very, very simple, yet it’s very, very secure,” Vaswani said of the device, which is designed to sit on a desk and connect to a computer via USB. The biometric reader authenticates transactions by reading the blood inside the user’s finger, something Barclays and Hitachi say is almost impossible to replicate, therefore drastically reducing the potential for fraud. Vein authentication technology works by scanning the finger with near-infrared (NIR) light. “We’re using very advanced technology that doesn’t capture a fingerprint, it actually captures the photographic view of the blood in the veins of your finger,” said Vaswani, who argued the Jane Austen) note in 2017. Source: www.delarue.com technique is far more secure than fingerprint scanning. “Fingerprinting isn’t as secure as this. This has been demonstrated to be the most distinguishable feature for any person, so it provides the highest level of security.” Source: http://www.computing. co.uk/ 6 www.aspaglobal.com
  • 7. The Authentication Times Inaugural Issue Cover Story Author is Secretary of Authentication Solution Providers’ Association (ASPA) since 2006 and also serves as Editor of The Authentication Times. Evolution of polymer banknotes Pros and cons by C S Jeena Introduction: For hundreds of years, banknotes have been made from rag-based paper (Tang Dynasty A.D. 618-907)1. The introduction of advanced technology based systems in the banking services world over resulted in great changes in terms of how financial institutions offer services to customers. Today, banknote issuers are faced with the challenge of increasingly sophisticated counterfeiting techniques and there are serious doubts that paper remains a viable material for secure banknotes. It’s seems that paper currency is going the way of other objects/things (Tape-recorder, VCR’s) that have become obsolete. Recently, one of the world two biggest users of paper banknotes India and England had announced their plans to introduce polymer currency. The Bank of England’s (BoE) inaugural polymer bill, a 5 pound note, will debut in 2016 featuring former Prime Minister Winston Churchill. On the other hand, The Reserve Bank of India (RBI) is planning to introduce plastic currency next year on a pilot basis. According to officials of BoE there were around 3 billion pieces2 in circulation, while the officials of RBI estimated approximately 76.47 billion pieces3 in circulation. So far, Great Globally, many countries are shifting or opted polymer banknotes in place of paper bank notes for their increase shelf life, cost of production and improve security features. Recently, one of the world two biggest users of paper banknotes India and England had announced their plans to introduce polymer currency. The Bank of England (BoE) had announced plans to start printing money on polymer by next year, it has been issuing for more than 300 years. On the other hand, The Reserve Bank of India (RBI) is planning to introduce plastic currency next year on a pilot basis. The article analyses the brief history, pros and cons of polymer banknotes. 1. Paper history, journal of the International Association of Paper Historians, Volume 14, Year 2010, Issue 2 2. Counterfeit Bank of England Banknotes, http://www.bankofengland.co.uk/banknotes/pages/about/counterfeits.aspx 3. Currency Management in India: Issues and Challenges, (Keynote address by Dr. K.C. Chakrabarty, Deputy Governor, Reserve Bank of India at the Banknote Conference 2014, Washington on April 8, 2014), http://www.rbi.org.in/scripts/BS_SpeechesView.aspx?id=889 www.aspaglobal.com 7
  • 8. The Authentication Times Inaugural Issue Britain is the world’s biggest economy to announce a switch to polymer notes4. What are Polymer Banknotes & how it started? Polymer banknotes are banknotes made from a polymer such as bi-axially oriented polypropylene (BOPP). The first polymer bank note was issued in 1974 in Haiti and printed on Tyvek®, a synthetic fibre material, jointly pioneered by American Banknote Co. (ABNC) and Du Pont. Only Costa Rica and Haiti issued Tyvek® banknotes; test notes were produced for Ecuador, El Salvador, Honduras and Venezuela but never placed in circulation. Ten Years later in 1984, English printers Bradbury Wilkinson produced a version on Tyvek but marketed as Bradvek for the Island of Man with Tyvek® 1 GBP notes. These first plastic notes were printed on generic, white coloured substrate without windows or any other security feature. These first issues were Cover Story Fig. 1: The first polymer bank note. Special Bicentennial issue. Courtesy Reserve Bank of Australia not successful, mainly because ink failed to adhere during circulation5. How are polymer notes made? A clear laminated polymer film (BOPP consisting of two laminated layers of 37.5 μm each) is the basis of the note. The film is made opaque (opacified) by the application of special inks, except for certain areas that result in clear windows or other features. Further, printing plates, polymer substrate, special inks and high technology printing machinery are brought together to produce the currency notes. Colourful background designs are printed simultaneously with both sides of the opacified polymer substrate using an offset printing process which results in a flat print.6 The first commercial success (See fig. 1) The first successfully introduced a modern polymer banknotes note was issued in 1988 by the Central Reserve Bank of Australia (1988, 4. Bank of England signs up supplier for plastic bank notes http://uk.reuters.com/article/2014/03/12/uk-britain-boe-banknotes-idUKBREA2B0KT20140312 5. Durable banknotes: an overview, Hans de Heij, De Nederlandsche Bank N.V. 6. http://www.rba.gov.au/Museum/Displays/1988_onwards_polymer_currency_notes/how_are_notes_made.html 8 www.aspaglobal.com
  • 9. The Authentication Times Inaugural Issue Table: List of countries currently issuing Guardian, the denomination they issue, and the year they first used. Country First Unit of Currency Denominations Australia 1988 Australian dollar $5, $10, $20, $50, $100 Papua New Guinea 1991 Papua New Guinean kina K2, K5, K10, K20, K50, K100 Singapore 1991 Singapore dollar S$2, S$5, S$10, Commemorative S$50 (1990), S$20 (2007) Brunei 1996 Brunei dollar B$1, B$5, B$10, B$50, B$100, B$500, B$1000, B$10000, Commemorative B$20 (2007) Malaysia 1998 Malaysian ringgit RM1, RM5, Commemorative RM50 New Zealand 1999 New Zealand dollar NZ$5, NZ$10, NZ$20, NZ$50, NZ$100 Commemorative $10 (2000) Romania 1999 Romanian leu 1L, 5L, 10L, 50L, 100L, 200L, 500L, 10,000L, 50,000L, 100,000L, 500,000L, 1,000,000L Commemorative 2000L (1999) Vietnam 2001 Vietnamese dong 10,000 , 20,000 , 50,000 , 100,000 , 200,000 , 500,000, Commemorative 50 (2001) Mexico 2002 Mexican peso $20, $50, Commemorative $100 (2009) Chile 2004 Chilean peso $1000, $2000, $5000 Guatemala 2007 Guatemalan quetzal Q1, Q5 Hong Kong 2007 Hong Kong dollar HK$10 Nigeria 2007 Nigerian naira N5, N10, N20, N50, Commemorative N50 (2010) Israel 2008 Israeli new shekel NIS20 Nicaragua 2009 Nicaraguan cordoba C$10, C$20, C$200, Commemorative C$50 (2010) Paraguay 2009 Paraguayan guarani G2000 G5000 Dominican Republic 2010 Dominican peso oro RD$20 Honduras 2010 Honduran lempira L20 Vanuatu 2010 Vanuatu vatu VT200, VT1,000, VT2,000, VT10,000 Canada 2011 Canadian dollar $5, $10, $20, $50, $100 Costa Rica 2011 Costa Rica colones ₡1000 Mozambique 2011 Mozambique metical 20MT, 50MT, 100MT Mauritius 2013 Mauritian rupee Rs25, Rs50 Source: www.innoviaseurity.com as updated on March 2014 ASD 10), printed on Guardian®, made by Securency. It was printed on ‘Guardian®’, made by Securency. Subsequently, in 1996 Australia switched completely to polymer banknotes7. After Australia many other countries have introduced polymer banknotes, of which several have completely switched from paper to polymer. In 2011, Commonwealth Scientific and Industrial Research Organisation (CSIRO) estimated that there are over thirty different denominations totalling some 3 billion polymer notes in service in 22 countries worldwide. According to Reserve Bank of Australia, “As of 2013 twenty nine (29) countries have issued polymer notes printed on Australian-made polymer substrates”8. Cover Story 7. The world’s first polymer banknote, http://www.csiro.au/Organisation-Structure/Flagships/Future-Manufacturing-Flagship/Flexible- Electronics/World-first-polymer-banknote.aspx 8. Exports of Polymer Notes, Reserve Bank of Australia, http://www.rba.gov.au/Museum/Displays/1988_onwards_polymer_currency_notes/export_of_notes.html www.aspaglobal.com 9
  • 10. The Authentication Times Inaugural Issue Why countries have opted polymer banknotes? The main reasons countries have opted for polymer currencies are security and durability. i) Security: These banknotes are tougher and more expensive to counterfeit than money printed on traditional cotton-based paper, and include new security features such as a transparent window, optical variable devices, shadow images etc. etc. A key feature is a clear window, which normally contains an ‘optical variable device’ that splits light into its component colours and is extremely hard to counterfeit. Plastic notes can also contain holograms. ii) Longer life and durability: Plastic notes last much longer than cotton fibre-based paper ones. For instance, an Australian $5 bill lasts about 40 months, against six months for a £5 note. According to Gerry Wilson of Australia-based Commonwealth Scientific and Industrial Research Organisation (CSIRO), the polymer notes have longer lifetime and can be produced at a faster rate than paper currency. They also stay spiffier longer because they’re more dirt-and moisture resistant and are at least 2.5 times more durable than paper currency. This life increase is not caused by the polymer substrate, but also by the post printed varnish used on these notes – two different types to create a better grip for e.g. the use in ATMs. Countries like India can be benefited as, according to RBI on an average, 1 out of 5 paper note in circulation (over 20 per cent) gets disposed of Cover Story every year after getting soiled and the number of such soiled currency bills stood at over 13 billion units during the financial year 2011-129. iii) Economical in the long run: Although polymer banknote cost more they can be economical in the long run. The BoE estimates that printing the £5 and £10 notes on plastic, rather than paper, will cut production costs by a quarter, or £100m, over the next ten years10. iv) Hygiene: Polymer notes are more hygienic as they absorb fewer bacteria, harder to tear or crease – making them easier for vending machines – and waterproof, even able to survive being put in the washing machine. v) Environment friendly: Most of the paper based banknotes are 75% cotton – which takes large amounts of pesticides and water to produce. On the other hand, the base material of polymer is a non-renewable resource, but due to its recyclability, it has more than one life. For example, The Reserve Bank engaged the services of The Energy and Resources Institute (TERI) to conduct a study on the carbon footprint of cotton-based banknote paper substrate vis-à- vis plastic-based substrate and to estimate their overall environmental impact, taking into account their complete lifecycles. The Life Cycle Impact Assessment results for the two types of notes indicate that replacing cotton-based notes with plastic-based notes would have significant environmental benefits. Polymer/plastic banknotes (and the waste On an average, 1 out of 5 paper note in circulation (over 20 per cent) gets disposed of every year 9. RBI gears up for plastic notes as 20% paper bills get soiled, The Economics Times, May 12, 2013. 10. Bank of England signs up supplier for plastic bank notes, Reuters, Mar 12, 2014. 10 www.aspaglobal.com
  • 11. The Authentication Times Inaugural Issue Cover Story from production) can be granulated and recycled into useful plastic products such as compost bins, plumbing fittings and other household and industrial products11. Some apprehensions? Polymer banknotes have some disadvantages also, such as; i) Environmental conditions: The official said that the biggest concern over plastic currency was that it was never tried out in such extreme weather conditions like India. The extreme weather means that the notes have to survive temperatures over 40 degrees in some states and sub-zero temperatures in parts of the Himalayas and high level of humidity in parts of the country. In 1982 and 1983, the American Bank Note Company printed banknotes for Costa Rica and Haiti on DuPont’s Tyvek® polymers. These had fairly limited release, but did circulate in each country. Additional trial and specimen banknotes were developed for Honduras and El Salvador. Unfortunately, in tropical climates, ink did not bind well to the polymer and the notes began smearing quite badly. ii) They are harder to fold and more slippery, which makes them harder to count by hand. iii) Issue of recycling: Some less developed countries may not have the facilities to recycle them - and when they burn they pollute the air. iv) High cost: In addition, polymer notes cost more to produce in the short-term, which could be a drawback for developing countries. The payback from their extra durability only comes over time. v) Cotton banknotes stride forward: According to polymer researcher Stane Straus, the security gap between paper and plastic notes is closing. It is now possible to make “hybrid notes” - paper notes with a transparent polymer window. vi) Monopolistic situation: The supply of, and the technology for producing, plastic currency are a big business for the Reserve Bank of Australia. Plastic currency is now used by 22 countries (approximately) around the world. But it is also apparent that Australian parties have been involved in bribing high officials in Malaysia, Indonesia and Vietnam (at least) in securing contracts for plastic currency. The Australian courts are apparently cooperating in some form of cover-up. That has become apparent from the Wikileaks release of a gagging order by the Supreme Court of Victoria at Melbourne where the court forbids12. Another factor could the conservatism of central bankers. “Central banks are very conservative institutions,” Stane Straus says. “People making the decision to convert to polymer - partially or fully - are taking a personal risk.”Many central banks are simply waiting until others convert and then they will follow.” Further, not all central banks are convinced of the use of Polymer notes. The Central Bank of Bangladesh also decided to return to cotton paper after their experiences with a 10Taka polymer note. In June 2001, the Solomon Islands issued $2 polymer banknotes, However they reverted to paper notes in 2006. Last year, The Central Bank of Nigeria (CBN) returned to paper currency from plastic which were introduced in 2009. Today, approxmately 22 countries use polymer banknotes, but only few have converted all denominations into plastic. One country that doesn’t look like it’ll be abandoning paper for plastic anytime soon is America. Last year, the Federal Reserve launched a new $100 bill, the second most common bill in circulation after the $bill with security features including 3-D security ribbon and color-shifting ink. Conclusion: It’s almost 20 years since first polymer bank notes were introduced by Australia. In the future bank notes will be much used by automats like ATMs and banknote acceptors. From this prospective, polymer bank notes seems to behave better than cotton based banknotes. Feeding polymer notes into an automat is easier because such notes are less affected by tears, missing parts and clipped corners. Also from ‘green’ perspective polymer banknotes seems to have better performance when it comes to environmental and sustainability aspects. 11. RBI Annual Report 2013-14, Chapter VIII Currency Management, Plastic Banknotes carbon footprint. 12. http://wikileaks.org/aus-suppression-order1press.html. 13. Durable banknotes - De Nederlandsche Bank 14. Central Bank of Nigeria, www.canbank.org www.aspaglobal.com 11
  • 12. The Authentication Times Inaugural Issue All about Authentication Overview Authentication Technologies With the availability of various authentication solutions, companies and Government authorities are facing problem in selection of a specific authentication solution as the adoption of any given solution is a complex question involving issues, amongst others, of cost, compatibility, feasibility and reliability, and there are divergent views on which technologies should be adopted and the timing for their adoption. While these solutions can sometimes add to the problem, the right selection, usage & implementation of authentication solutions helps companies and authorities to keep them one step ahead of counterfeiting. For the reason The Authentication Times team decided to start a series of article on Authentication Technoligies. This is the first article of this series giving an overview of authentication technologies to the reader, and this will be followed by detailed articles on anti-counterfeiting, anti-tampering and tracking and tracing. Authentication: With the increase in counterfeiting, Authentication technologies play an important role in supporting brand strategies, helping to reduce the risk of fraud by deterring criminals and enabling stakeholders to identify and track genuine product with fake one. Today, there are various number of authentication technologies available in the market, although all these technologies are applied in the three main areas of i) Anti-Counterfeiting ii) Anti-Tampering, and iii) Track and Trace Anti-Counterfeiting: The common feature of anti-counterfeiting technologies is that they are edrtremely difficult to be counterfeited. Consequently, they help in identifying a genuine product. Based on the authentication requirements, such technologies may consist of overt, covert and forensic features, or a mix thereof. Anti-Tampering: Such solutions are found more in the food and pharmaceutical industry where there is a need to protect a product from adulteration or replacement. An intact anti-tampering feature is the consumers’ assurance that the contents are genuine and not tampered or adulterated. Track and Trace: Track and trace technologies use mass serialization to provide a unique identity to each SKU. The IT technology then allows to keep a watch on each SKU through customised software that allow an authorised user to track the movement of this SKU across the entire supply chain. Depending upon the authorization level, each user may also be able to access additional information pertaining to the product such as manufacturing date and factory, expiry date, the market such SKU is meant for etc. All these technologies can be categorised as either overt, covert, forensic or digital. Overt, Covert, Forensic or Digital Overt: Overt technologies are authentication devices built into labels, documents and packaging which are visible to the user and show dynamic visual effects. Their main advantage is the fast and easy, on the spot, visual authentication where no 12 www.aspaglobal.com
  • 13. The Authentication Times Inaugural Issue All about Authentication Authentication Technologies Anti-counterfeiting Anti-tamper Tracking EAS Tag & Systems Tamper Evident Labels Tear Tapes/ Delaminating Films/Patterned Destruct Films / Labels Optical Security Technologies Holograms / Zero diffraction Devices/Floating/ Sinking image films/color shifting films/ retroreflective Evident Closures Shrink Sleeves or Films/ Induction Security Printing Tamper Seals Security inks and coatings Substrates- Security Papers Fig: Diagram showing the primarily used authentication technologies additional devices are needed. Overt features are expected to fulfil three main criteria; - Communicate with the verifier - Be easy to identify - Be hard to copy and imitate Physical secure solutions offering overt features include fine-line design, security guilloches, holograms, optically variable devices (OVDs), watermarks, films Track & Trace Systems Chemical and molecular taggants and nanotechnologies colour-shift and thermochromic inks, threads, foils and laminates, embossable and laser markable films and security papers. Overt features can be made more secure by combining them with covert, forensic and digital features. As Overt can be used for identification and verification by consumer, Covert (Verification by a predetermined device or a tool) can be used by manufacturer Microtext/ Nanotext/ Guilloche Intaglio ink/ Fluorescent ink/ infrared ink/ thermochromic / optically variable ink /pearlescent varnishes/tagged inks www.aspaglobal.com 13
  • 14. The Authentication Times Inaugural Issue All about Authentication Diagram: Overt feature (security hologram strip) applied on pharmaceutical product label or their channel partner for an advanced level of authentication and verification. The third level is highly sophisticated and can be used by forensic experts and can be useful to law enforcement and for evidence in case of litigation. Mainly classified as overt technologies holograms produced in high security environment provide covert as well as forensic features. Covert: Covert technologies are not instantly recognisable. They require a special reader or detector to be able to verify their presence and validity, and people using covert technologies will normally require some kind of training. Covert technologies include ultraviolet and infrared inks, micro text, unique synthetic tagging etc. Forensic: Forensic technologies, being covert, are not readily recognisable and require special tools for detection and validation. Whereas covert technologies can be detected and validated in the field, forensic technologies must often be taken to a laboratory with specialised equipment. Digital: Digital technologies may be either overt or covert, but all require an electronic means for detection and validation. Digital technologies are most associated with RFID tags or with serialised numbers that can be compared to a remote database. Conclusion In today’s world when brand are under attack in forms of counterfeiting, tampering, pilfering, Authentication technologies play an important role in protecting brand reputation, value, market share and above all trust of customers. Counterfeiters target well known brands for illegal profit, which is further used to finance terrorist organization. Therefore, a product without authentication technologies represents a significant potential risk to society at large. There is no single solution to every problem, hence, a proper brand protection strategy involve combination of technologies with proper enforcement. It is pertinent to mention here ISO:12931 titled “Performance criteria for authentication solutions used to combat counterfeiting of material goods”. This standard lays down some of the best practices to help brand owners to strategise and fight counterfeiting effectively. We believe that this tool should be adopted by all brand owners to eliminate counterfeit. The next article will focus on anti-counterfeiting technologies in more details. 14 www.aspaglobal.com
  • 15. Inaugural Issue Industry Update The Authentication Times Appointments Bobst Promotes Brian Kentopp to Vice President, Business Unit Sheet Fed Bobst North America announced that Brian Kentopp has been promoted to vice president, business unit sheet fed for North America effective June 9. Brian will be responsible for all corrugated board and folding carton business in the U.S. and Canada. Previously, Brian had been director of sales for corrugated board, served as product manager for corrugated board, and began his career at Bobst in 2002 as regional sales manager for corrugated board in the Midwest. Nanotech appoints Troy Bullock as cfo Nanotech Security Corp. appointed Mr. Troy Bullock, CPA, CA, as its new Chief Financial Officer replacing Mr. Brian Causey, CPA, CA, who has served in this role over the last four years and who will remain a valued director of the Company. Mr. Bullock is a senior finance professional with more than 20 years of international experience who has a strong track record in both public and private companies with public accounting, restructuring and corporate finance duties at KPMG and Deloitte. OpSec Security Group plc appoints Richard S. Cremona as CEO OpSec Security Group plc, a leading supplier of anti-counterfeiting technologies and services announced that Richard S. Cremona has been appointed as Chief Executive Officer of the Company. Subject to the satisfactory completion of the necessary regulatory requirements, the Company intends to appoint Mr. Cremona to the Board of Directors in due course. Mr. Cremona has held a wide variety of executive management positions with AT&T, Lucent Technologies, Sprint and Openwave Systems. From 2008 to 2013, he was Chief Executive Officer of Kentrox Inc. In 2013, Kentrox was acquired by Westell Technologies (WSTL), at which time he joined Westell Technologies as its Chief Operating Officer. For more information visit www. opsecsecurity. Nigerian Security Printing and Minting appoint Joseph Ugbo as New MD Mr Joseph Ugbo has been appointed as new managing director of NSPMP. Mr Ugbo is a seasoned Chemical Engineer with over 29 years of engineering and managerial experience with international reputed manufacturing companies. Prior to this appointment, Ugbo had worked in various levels and countries of Unilever Plc and rose to the position of Head of manufacturing where he coordinated all General Managers in manufacturing in the entire company. www.aspaglobal.com 15
  • 16. The Authentication Times Inaugural Issue Industry Update Event Review Tax Stamp Forum, Dubai, United Arab Emirates, 15-17 September, 2014 www.taxstampforum.com Organised by Reconnaissance International, the 5th TAX STAMP FORUM was held on 15-17 September 2014 at Dubai, United Arab Emirates. Over 230 delegates from 120 companies / organisation’s participated at this event. The conference opened with workshop on The Anatomy of a Tax Stamp followed by a discussion on feasibility of a Tax Stamp Association. At the event, The International Banknote Designers Association presented a series of papers focusing on security, functionality and durability of the banknotes and the various needs, expectations and limitations each of the stakeholders of the cash cycle is faced with. In total, 27 papers were presented by various speakers including Authentication Solutions Providers Association - ASPA (formerly HoMAI - Hologram Manufacturers Association of India), Ghana Revenue Authority, SICPA, Securikett, Tullis Russell, Shantalla, World Customs Organisations, Hueck Folien , UN Interregional Crime and Justice Research Institute (UNICRI) , Xerox , PURA and more. ASPA President, Manoj Kochar presented paper on increasing revenues and curbing illegal Liquor in India. He presented an overview of Indian Tax Stamp market and the role of ASPA in curbing illicit liquor. Tax Stamp Award The event also comprised the Tax Stamp Awards recognising excellence in the design, innovation and implementation of tax stamp programmes. 1. The Best Design Award for implementation of tax stamps on alcohol products was awarded to Mauritius Revenue Authority. 2. The Best New Innovation Award was jointly awarded to AM-PG for VeroCode and Armenia’s Tax Stamps and OpSec Security and Xerox for Digital Cigarette Stamps for the State of Michigan Picture: Armenia Tax Stamp The Tax Service of the Republic of Armenia has introduced tax stamps for over 20 types of consumer products. The system uses AM-PG’s Vero 2D Code Track & Trace system along with the company’s secure bimetal holographic labels. This utilises proprietary custom-created closed algorithms to generate unique codes for each client that are applied onto tax stamps and cannot be re-engineered, cloned or mass copied. On the other hand solution fully integrates a highly sophisticated, nano-structured, encrypted digital tax stamp known as SecureITT (manufactured by OpSec) with Xerox’s eTRACS system. Picture: digital tax stamp The award for best tax stamp programme was awarded to Kenya Revenue Authority for Excisable Goods Management System to Eliminate Illicit Trade and Enhance Tax Collection. This system for the protection of excise tax revenue comprises an enhanced excise stamp with multiple security layers for various stakeholders along the supply chain; production accounting; and track and trace modules. It also provides for online forecasting, application and processing of stamps, accounts management, stock control module, tax forecasting and business intelligence modules. This has led to reduced costs tax compliance, faster access to stamps and enhanced service delivery. As a result, Kenya Revenue Authority has seized over 300,000 illegitimate products from about 900 outlets, prosecuted more than 150 offenders and increased excise revenue on spirits by 53% between February and June 2014. Source: Reconnaissance International 16 www.aspaglobal.com
  • 17. The Authentication Times Inaugural Issue Industry Updates Counterfeit seizure report Food & Beverage Fake foods rife in South Africa http://www.health24.com/Lifestyle/ Healthy-you/Fake-foods-flood-South- Africa-20140909 Crackdown on illicit liquor sale, 2,880 bottles seized, New Delhi http://www.asianage.com/delhi/ crackdown-illicit-liquor-sale-2880- bottles-seized-590 One arrested with 290 boxes of illicit liquor, Punjab http://www.hindustantimes.com/ punjab/ludhiana/one-arrested-with- 290-boxes-of-illicit-liquor/ article1-1269161.aspx?hts0021 10 cartons of illicit liquor seized, two held, Punjab http://www.hindustantimes.com/ punjab/ludhiana/10-cartons-of-illicit- liquor-seized-two-held/ article1-1266508.aspx Four arrested with illicit liquor worth Rs 87,000, Madhya Pradesh http://freepressjournal.in/four-arrested-with- illicit-liquor-worth-rs-87000/ Liquor, chemicals worth 6L confiscated, Maharashtra http://timesofindia.indiatimes.com/ city/nashik/Liquor-chemicals-worth-6L-confiscated/ articleshow/43690703.cms Crackdown on illicit liquor sale, Hyderabad http://www.deccanchronicle. com/140917/nation-current-affairs/ article/crackdown-illicit-liquor-sale Cosmetics and Personal Care SFDA cracks down on fake cosmetics https://en-maktoob.news.yahoo. com/sfda-cracks-down-fake-cosmetics- 050115683.html £10 million worth of fake cosmetics seized at Channel Tunnel http://www.cosmopolitan.co.uk/beauty-hair/ makeup/news/a29398/10-mill-fake- cosmetics-seize/ Two fake cosmetic factories fined in Rajshahi, Dhaka http://www.dhakatribune.com/ crime/2014/sep/16/two-fake-cosmetic-factories- fined-rajshahi Fake drugs and cosmetics worth Dh17m seized http://gulfnews.com/news/gulf/uae/ general/fake-drugs-and-cosmetics-worth- dh17m-seized-1.1381894 Handbags, Legos among more than $500K in fake goods seized at Houston-Galveston seaport http://www.click2houston. com/news/500k-in-fake-goods-including- handbags-legos-seized-at-seaport/ 28391526 Pharmaceuticals Los Angeles cracking down on sale of illegal pharmaceuticals http://abc7.com/news/la-cracking-down- on-illegal-pharmaceutical-sales/ 335517/ CEO of Vietnam drug firm held for alleged smuggling http://tuoitrenews.vn/society/22599/ ceo-of-drug-firm-vn-pharma-held-for-alleged- smuggling Clothing and Accessories Cyber cell raids counterfeit goods godown in Chandigarh http://timesofindia.indiatimes.com/city/ chandigarh/Cyber-cell-raids-counterfeit-goods- godown-in-Chandigarh/ articleshow/43474325.cms Interpol op nets RM162 million fake goods across Asia http://www.themalaysianinsider.com/ world/article/interpol-op-nets-rm162- million-fake-goods-across-asia#sthash. YPsLExU1.dpuf Counterfeit Louis Vuitton Goods Worth One Billion Yuan Are Seized in Southern China http://www.theepochtimes.com/ n3/966058-counterfeit-louis-vuitton-goods- worth-one-billion-yuan-are-seized- in-southern-china/ P500M fake goods seized from Manila warehouses http://www.philstar.com/ nation/2014/10/03/1376069/p500m-fake- goods-seized-manila-warehouses Gucci, Tiffany dealt blow in fake goods case against China banks http://www.firstpost.com/fwire/gucci-tiffany- dealt-blow-in-fake-goods-case-against- china-banks-1717605.html Security and Fiduciary Documents Police crack counterfeiting ring in Regina, http://globalnews.ca/news/1581337/ police-crack-counterfeiting-ring-in-regina/ Counterfeiting on the rise, warns Reserve Bank, Australia http://www.smh.com.au/business/ banking-and-finance/counterfeiting-on-the- rise-warns-reserve-bank-20140909- 10ee7b.html Two charged with counterfeiting bills http://www.thedailystar.com/news/ local_news/article_6a5710da-b639-58ce-a65d- 5358707cb954.html Italy makes massive seizure of counterfeit euro banknotes http://www.reuters.com/ article/2014/09/24/us-italy-counterfeit-euro- idUSKCN0HJ16Q20140924 www.aspaglobal.com 17
  • 18. Inaugural Issue Industry Updates The Authentication Times Global patents Publication Title Int. Application Applicant / Inventor DD.MM.YYYY Class Number 25.09.2014 WO/2014/152775 - C12Q 1/68 PCT/US2014/027718 Certirx Nucleic acid-based Corporation/ authentication and Mercolino, identification codes Thomas, J. Brief Abstract: The present disclosure relates to nucleic-acid based product authentication and identification by determining authentication codes comprising target nucleic acids using oligonucleotide probes associated with samples. The presence of the authentication code is determined using detection methods, such as flow cytometric methods, capable of particle discrimination based on the light scattering or fluorescence properties of the particle. Target-correlated fluorescence signal, originating from a target nucleic acid hybridized to labeled complementary oligonucleotides is determined as an indicator of the presence of the authentication code. In some embodiments, an intercalating dye is used to determine the presence of target nucleotide/oligonucleotide heterodimers and identify an authentication code. 18.09.2014 20140267754 - Method for B42D 15/00 13833630 LUXTREME LIMITED/ applying a security marking to Rantala Juha an object and a hyper-spectral imaging reader Brief Abstract: : Provided is a method for applying a security marking to an object and a hyper-spectral imaging device to readout the embedded information in the security marking to verify the object’s authenticity. The present invention relates generally to the field of security markings and anti-counterfeiting technologies. More particularly to optical product authentication methods, which are based on photoactive nanoparticles emitting in visible and near-infrared wavelengths when excited with ultra violet or near infrared light. 11.09.2014 20140252081 - Method and G06Q 30/06 14197561 Gutierrez Robert apparatus for authenticating, tracking, and marketing products Brief Abstract: A method and system for marketing products with digital codes that may be scanned by a cell phone to establish communications with a website including information about the product. The digital codes identify the unique product as well as the general class of similar products and this allows the website to establish and record information that tracks the movement of the product over time for product authentication, mobile marketing, and the like, for use by authorized personnel. 04.09.2014 WO/2014/133384 - Process of D06P 1/00 PCT/NL2014/050113 Feyecon development marking a textile substrate & implementation B.V./ Van Der Kraan, Martijn Brief Abstract: The invention relates to the marking of textile products that have been dyed using a supercritical dyeing process. More particularly, the invention provides a process of marking a textile substrate with a tracer, said process comprising contacting the textile substrate with a supercritical or near-critical dyeing medium containing a dye and a tracer, said tracer being selected from a metal chelate and a chemiluminescent agent. The process of the present invention uses the supercritical or near-critical dyeing medium as a vehicle for depositing a tracer onto the textile substrate that is also dyed using this medium. The presence of the deposited tracer on the dyed textile can be detected using a simple and reliable authentication method. The invention also concerns a marked textile productobtained by the aforementioned process. Also provided are a dyeing composition that can be used in the aforementioned process as well as methods for authenticating textile products that have been marked using his process. 18 www.aspaglobal.com
  • 19. The Authentication Times Inaugural Issue Industry Updates Upcoming events Date Event Name / Place / Website 29 Oct-1Nov, 2014 Label Expo India* Pragati Maidan, New Delhi, www.labelexpo-india.com 16-19Nov, 2014 African Banknote Conference Cape Town, South Africa, www.africanbanknote.com 19-20 Nov, 2014 9th Annual Brand Protection and Anti-Counterfeiting Summit Munich, Germany, www.brandprotectionevent.com 3-5 Dec, 2014 The Holography Conference* Istanbul, Turkey, www.theholographyconference.com 19-21 Jan, 2015 High Security Printing 2015, Asia, Middle East & Africa Manila, The Philippines, www.hsp-asia.com 3-5 Mar, 2015 IP Protect Expo 2015 London, UK, www.ip-protectexpo.com 23-25 Mar, 2015 High Security Printing 2015, Europe Budapest, Hungary, www.hsp-europe.com 22-24 Apr , 2015 Security Printers 2015 Copenhagen, Denmark, www.securityprinters.org 10-13 May, 2015 The currency conference Vancouver, Canada, www.currencyconference.com 13-15 May, 2015 Pharma Pro Pack Expo* Mumbai, India, www.pharmapropack.com 9-11 Jun, 2015 Security Document World London, UK, www.sdw2014.com Published by Authentication Solution Providers’ Assciation (ASPA) Editorial Team Issue Editor : C S Jeena Advisor : Mr. Pradip H Shroff Mr. Manoj Kochar Designed & : EYEDEA Advertising Printed by 1250/13, Govindpuri, Kalkaji, New Delhi-19 (India) eyedeaadvertising@gmail.com www.artworxindia.in The Authentication Times is a quarterly newsletter published by ASPA with an aim to provide latest developments, research, articles, patents and industry news to a wide audience related to Authenticatoni in India and World. The editorial team welcomes your news, contributions and comments. Please send your product updates, press releases, conference announcements or other contributions to ASPA: 21-Ground Floor, Devika Tower 6 Nehru Place, New Delhi 110019, India Telfax: +91 (11) 41617369 Email: info@aspaglobal.com Website: www.aspaglobal.com Disclaimer: The data used here are from various published and electronically available primary and secondary sources. Despite due diligence the source data may contain occasional errors. In such instances, ASPA would not be responsible for such errors. Diverse technologies, common goal. Authentication Solution Providers’ Association (ASPA) is a self-regulated, non-profit organization of authentication solution providers. Founded in 1998 as Hologram Manufacturers Association of India (HoMAI), it has now been re-launched in 2014 as ASPA to more accurately represent the transformation of products and services offered by its existing member companies. The broader scope of ASPA also covers a wide array of other technologies that have evolved over the years. As the world’s first and only industry body of its kind, ASPA aims to comprehensively covers the interests of the entire authentication solutions industry worldwide, including, but not limited to, holograms, optically variable devices (OVD’s), taggants, security inks and substrates, watermarks, nanotechnologies, RFIDs, barcode/ QR code-based digital tracking and verification solutions, security and tamper-evident labels and any other brand protection and authentication solutions. ASPA works closely with global authorities such as International Hologram Manufacturers Association (IHMA), Counterfeit Intelligence Bureau (CIB) and Interpol. ASPA members protect over 10,000 brands worldwide through the identification of genuine products and documents. * ASPA participating events. Meet us at these events to know more about us. www.aspaglobal.com 19
  • 20. The Authentication Times Inaugural Issue 20 www.aspaglobal.com