BANKNOTE 2016 / DAY TWO
SPECIAL
ISSUE
AVALON® – Interactive Fluorescence from Oberthur
Oberthur Fiduciaire has introduced a new interactive UV fluorescent feature named AVALON®, which the company believes is both innovative and constitutes a real step change in the security of fluorescent printed features. In recent years, fluorescent inks have become more readily available, diminishing their value as security features when used straightforwardly in print designs. New UV inks and novel ways of applying them have had to be developed, and this new approach by Oberthur – to create an interactive second and third level UV security feature for banknotes – is no exception. AVALON (the name derives from the mythical island in Arthurian legend) is a fluorescent printed feature with the unique ability to change colour when activated by an external force.
It fluoresces blue when viewed under a 365nm light source but, once excited by rubbing with a smooth device (such as a paper clip, coin, or the end of a pencil or pen), the printed element turns yellow under the same 365nm light source in the areas where it has been excited or activated by the rubbing.This change of state is only temporary – the affected area returns from its UV excited yellow to a stable UV blue state after a short time – within minutes depending on the pressure applied.The AVALON feature is based on compounds that are integrated into standard offset or intaglio inks - the formulation / mixing is made internally and it can be printed on both paper and polymer substrates. Samples of AVALON can be viewed at Oberthur’s Booth No. 4 or in the Cannon Room on the Meeting Room Level (-2).
Time for a New Approach?De La Rue’s presentation delivered yesterday by Dr Jacqui Thick – ‘Time For A New Approach?’ – explored whether central banks and the currency industry are really working together in the most effective way for all stakeholders.The world of cash is changing with increasing volumes, more automation in the cash cycle and more sophisticated digital technology available to counterfeiters, she said. As a consequence, the complexity of banknotes has reached new levels to incorporate new technologies and to work with the broader range of cash handling equipment now in use.In response to this changing world, the buying behaviour of central banks is also undergoing a significant change – with a greater tendency for central banks to source technology and services from multiple suppliers. However, this fragmentation of the supply chain generates new challenges for central banks as a consequence of the increased involvement, resources and skills required to manage this process effectively, and not all central banks have or want to acquire these capabilities.Against a background of increased transparency, audit control, efficiency and delivering value for money, Dr Thick noted that it is vital to have the right data in order to make informed choices about feature selection, design, functionality, etc. This all requires a culture of co-operation across the industry with open, honest and effective communication between all stakeholders.De La Rue believes this is the only way that the industry can deliver the choices that central banks want in an efficient and effective manner.
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Arjowiggins’ VISION® is a New Watermark We have already heard in one of the presentations on Monday that the watermark is still the security feature that is most checked by both the public and cashiers when authenticating a banknote. This fact is verified time and time again in research work on banknote authentication. It is logical, therefore, that papermakers should still give attention to this centuries’ old art.Arjowiggins Security has been developing new technology watermarks for some time and its Pixel watermark, released just a few years ago, has already been selected by ten countries and features on more than 30 billion banknotes. The technology creates bright areas in the watermark, making it easy to identify and authenticate and more difficult to counterfeit.Based on this success, Arjowiggins has now taken the principle of brightness and contrast in watermarks a quantum leap forward with the introduction of VISION®. This is a high definition watermark with enhanced details and contrast, enabling better image recognition whatever the subject matter. The two watermarks below clearly demonstrate the difference between a high quality classic multi-tonal watermark and the new VISION version.The VISION watermark offers high precision, fineness and sharpness of lines and more realism, enabling better authentication and more security. The result is a more lifelike image – the greater contrast between black and white with the increased sharpness creating a luminous effect.The technology involves the use of a new micro-perforation method, instead of the traditional method of embossing the wire mesh used in the mould. This achieves better positioning and control of the fibres as the watermark is formed. Moreover, VISION is compatible with Pixel watermarks and electrotypes, and there is little increase in cost. Examples of VISION can be found at the Arjowiggins Security Booth No. 9.
©2016 all rights reserved 25
The traditional world of banknotes is being brought into the modern era by the use of virtual reality (see yesterday’s issue) and through smartphone and tablet applications, commonly known as apps, which help cash users, such as the public, retailers and the police, to authenticate circulating banknotes. These apps, usually iOS and Android based, provide details of Level 1 and some Level 2 security features used within banknotes, and how they can be identified such as by the commonly used ‘look, feel and tilt’ guidance.Many such apps provide users with static and/ interactive imagery of banknotes which are currently circulating within a country. Such images indicate the position of security features within the note, whilst also providing detailed imagery and explanatory text for each security feature. Often, an image is provided of the banknote viewed under ultraviolet (UV) light to see Level 2 security features invisible to the naked eye. In addition to the static elements listed above, some banknote apps have been developed so that they are also able to scan a real banknote using the camera built into a smartphone or tablet device. The data captured by the camera is then used by various algorithms to determine whether the banknote is likely to be genuine, usually by analysing the position of different design elements, or reading various security features. If something on the scanned banknote does not match that which the app is expecting, a warning is shown on screen advising the user to perform an additional verification to confirm
whether or not the note is authentic.And then there are the apps to enable the visually-impaired to distinguish between denominations, providing an audio message when the note is scanned. An app which has been launched at Banknote 2016, and which combines all three attributes, is TruNote™, developed by Spectra Systems.. It is part of the new TruBrand™ technology provided by the company, enabling the physical, non-image based authentication of products using a smartphone.TruNote is a smartphone app which provides physical banknote authentication without the need for any special attachments. It utilises embedded covert signature materials in the print of a note that are analysed and ‘read’ on an iOS or Android smartphone using an app. According to Spectra, other features of the covert material include its robust physical and chemical durability, ease of integration into existing production processes and its ease of authentication by way of a smartphone, rather than a separate bespoke device or special smartphone attachment.The app can be voice controlled for the visually impaired to check whether the note is authentic, and the banknote’s denomination can be played audibly by the app for users to hear. The customisable app can even be configured to report GPS locations of suspect banknotes to the central bank.More information about the app is available on Booth No. 13.
Apps for Banknotes
The sixth issue of SPECIMEN, Innovia Security’s industry publication, has been released in both its now-traditional printed version, as well as the fully interactive tablet version available on iPad and Android devices.The interactive version of SPECIMEN includes a reading experience that includes videos and images, as well as active links to related online resources, articles and surveys.The topics covered in this issue are:• New Wigton Clarity™C production line
enables end-to-end security• The true cost of polymer: it doesn’t have
to break the bank• How PolyTeQ is helping to change the
face of the world’s banknotes• RBNZ taps the power of collaboration to
deliver the bright stuff• Guardian®: unrivalled supply chain
securityTo download the app and experience the magazine on your device, please follow these steps:1. Go to your device’s App Store and
search for the ‘Guardian Publications’ free app (or visit https://appsto.re/au/_WOm6.i from your iPad or https://play.google.com/store/apps/details?id=com.Guardian.Specimen4&hl=en from your Android tablet).
2. Download as you would with any other free app.
3. Once downloaded, launch the Guardian® app. You should see a newsstand format (ready for other future publications) with an icon for SPECIMEN – click and the edition will download.
4. Allow some time to download. Depending on your connection speed, this may take several minutes.
Steve Casey, Innovia Security’s Director of Sales & Marketing, said: ‘I encourage you to enjoy the magazine’s interactive content and provide feedback on your experience to [email protected].’
Issue 6 of Innovia Security’s SPECIMEN Out Now
Dutch Eye-D™Dutch Glow™
There`s a distinct change of scenery at the G&D/Louisenthal booth today, with yesterday’s ‘Water’ theme changing into a Streetscape. The visual elements of a street, including the road, adjoining buildings, trees and people have all been brought to life in RollingStar® LEAD, with the Streetscape note on display emphasizing design integration in substrate, print and applied elements. The foil is the centre of attraction, taking the eye from a wide view picturesque city to focus on the attractive dynamic design elements in the foil, which are the public´s key authentication features.Banknote 2016 is providing the opportunity for the public demonstration of RollingStar LEAD, which brings more intense dynamism and 3D to foils. The foil features micro-mirror technology, with the ‘5’ denomination in 3D shifting
from gold to green when tilted. Additionally, a sunburst radiates over the number when tilted, providing a dual dynamic effect in the same area. Below this image are buildings in full spectrum holography, with text on part of the buildings alternating between ‘Louisenthal’ and ‘2016’ when tilted. The road is a two-way street, exhibiting typical RollingStar movement and colour shift in opposite directions, giving the impression of moving traffic. The number 50 in both the RollingStar feature and print matches the elaborate watermark of a bridge, buildings and trees, finishing with a highlighted 50.
RollingStar® LEAD Takes to the Streets
Expect the Unexpected from Royal Joh EnschedéA well-loved and familiar children’s tale was the inspiration behind a new banknote design – ‘Little Red Riding Hood – Expect the Unexpected’, presented by Jos van Leeuwen, Managing Director of Royal Joh Enschedé on Monday. The house note showcases various security features and is printed on Landqart’s Durasafe® substrate, a combination of cotton and polymer that offers a perfect surface for intaglio and offset printing. The most eye-catching feature on the front of the note is Dutch Glow™, a colourful latent image which becomes visible when the note is tilted. Another feature called Dutch Eye-D™ becomes visible when the dark cloud on the right side of the note is folded horizontally over the reverse side. It is a screen printed on a crystal-clear ThruSafe™ window to create this effect. The word WOLF will appear and, when the note is folded with the cloud over the belly of the wolf hearts appear. When the note is turned over, however, the encounter between Little Red Riding Hood and the wolf appears – with a silver path between the wolf and the girl leading to her grandma’s house. This Level 1 security feature is called Dutch Reverse™, which creates an embossed effect on the reverse side by only using single-sided intaglio.The note is varnished with Eco Secure Varnish®, a unique combination of a UV cured post-print banknote varnish, which is a Level 3 security feature and detectable by all banknote sorting machines.Royal Joh Enschedé was founded in 1703 and has more than 200 years’ experience in banknote printing and design. They can be visited at Booth No. 10 and their hospitality suite, which they are sharing with the Dutch Currency Association.
4 CURRENCY NEWS
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No part of this publication may be reproduced, stored in a retrieval system or translated in any form or by any means – electronic, mechanical, photocopying, recording or otherwise – without the prior permission of the publishers. While every effort has been made to check the information given in this publication, the publishers cannot accept any responsibility for any loss or damage arising out of, or caused by the use of, such information. Opinions expressed in Currency News are those of the individual authors and not necessarily those of the publisher. COPYRIGHT 2016. ALL RIGHTS RESERVED
Today’s Programme: Wednesday 25 May
Banknote 2016 Sponsors
Prim
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Med
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Grand Ballroom GENERAL SESSIONS
Session VI Coordinated by Trish Halligan, Currency Research
9:00 am – 9:20 am DESIGN PROCESS FOR THE NEW 2015 NICARAGUAN BANKNOTES Guillermo Selva, Banco Central de Nicaragua
9:20 am – 9:40 am DESIGNING FOR RAPID AUTHENTICATION Karin Mörck-Hamilton, Crane Currency
9:40 am – 10:00 am THE NEXT U.S. SERIES AND THE NEED FOR MEANINGFUL ACCESS Len Olijar, Bureau of Engraving & Printing
10:00 am – 10:20 am A NEW PARADIGM IN BANKNOTE SECURITY Steve Casey, Innovia Security Pty. Ltd.
10:20 am – 10:40 am QUESTIONS & ANSWERS
10:40 am – 11:10 am COFFEE BREAK & EXHIBITION
Session VII Coordinated by Mordechai Fein, former Chief Cashier, Bank of Israel
11:10 am – 11:30 am INTRODUCTION OF NEW DESIGNS AND SECURITY FEATURES IN INDIAN BANK NOTES—EVALUATION AND INDIGENIZATION Kaza Sudhakar, BRBNMPL
11:30 am – 11:50 am MITIGATING DEVELOPMENT RISKS BY COOPERATIVE APPROACHES Johannes Schaede, KBA-NotaSys & Michael Hans, Canadian Bank Note Company, Limited
11:50 am – 12:10 pm THE EURO BANKNOTES: RECENT EXPERIENCES AND THE CHALLENGES AHEAD Ton Roos, European Central Bank
12:10 pm – 12:30 pm QUESTIONS & ANSWERS
12:30 pm – 1:45 pm Delegate Lunch
Grand Ballroom PANEL SESSION II
1:45 pm – 3:00 pm A BALANCING ACT—PUSHING THE TECHNOLOGY ENVELOPE WHILE MAINTAINING MANUFACTURABILITY
Moderator: Anton Bleikolm, AFB Engineering & ServicesPanelists: Ton Roos, European Central Bank; Beat Grossenbacher, Swiss National Bank; Manuela Pfrunder, Designer; Ilan Steiner, Bank of Israel; Peter Mühlfelder, LEONHARD KURZ Stiftung & Co. KG; Philippe Barreau, SICPA; Wolfram Seidemann, Giesecke & Devrient/Louisenthal
3:00 pm – 3:30 pm COFFEE BREAK & EXHIBITION
Session VIII Coordinated by Eugenie Foster, IACA
3:30 pm – 3:50 pm BANKNOTE SUBSTRATE DURABILITY: A LIVE CIRCULATION COMPARATIVE STUDY Mazen Hamdan, Banque du Liban
3:50 pm – 4:10 pm THE FIJI $5—THE STORY SO FAR Ravi Kamoda, Reserve Bank of Fiji
4:10 pm – 4:30 pm 10 YEARS DIRECT LASER ENGRAVING—PAST, PRESENT AND FUTURE Thomas Kern & Thomas Scholler, OeBS
4:30 pm – 4:50 pm NEW APPROACHES TO EDUCATING A GLOBAL PUBLIC ABOUT U.S. CURRENCY Michael Lambert, Board of Governors of Federal Reserve System
4:50 pm – 5:10 pm QUESTIONS & ANSWERS
5:10 pm – 5:20 pm The Banknote Conference Lifetime Achievement Award
5:20 pm – 7:00 pm RECEPTION & EXHIBITION
