Glory extends banknote sorter range

Glory Global Solutions, based in Hampshire UK, has extended their UW range of banknote sorters to include the 12-pocket UW-700 and the 16-pocket UW-800 models. Previously, the model range only extended to 8 pockets. The additional pockets will enable users to configure more complex configurations for sorting banknotes, enabling more functions to be delivered in…

SICPA buys Cabot Security Materials

Cabot Corporation has entered into an agreement with SICPA to sell its Security Materials business for approximately US $20 million in cash consideration. Cabot, headquartered in Boston, is a global speciality chemicals and performance materials company. Cabot’s Security Materials, based in Albuquerque, USA, produces anti-counterfeit covert taggant applications. SICPA, headquartered in Lausanne, Switzerland, is a…

G&D wins IF Product Design Award

Giesecke and Devrient (G&D) have won the 2014 IF Product Design Award, with their BPS X9 single note inspection system being selected as the winning product. The BPS X9 inspects banknote printing quality on a note-by-note basis, ensuring each printed note that is produced meets quality standards before it is released into the cash cycle.…

Binary code_coins_image

Another Bitcoin exchange hack attack

Following the recent closure of bitcoin exchange Mt Gox, another bitcoin exchange company has been attacked by hackers. On March 3rd, Canada-based bitcoin exchange Flexcoin closed down after flaws in its software were discovered. A statement from Flexcoin’s website advises that the exchange was attached by hackers and 896 bitcoins were stolen, worth around US…

Bitcoin exchange MT Gox files for bankruptcy

The troubled Bitcoin exchange MT Gox yesterday filed for bankruptcy. A statement issued by Mark Karpeles, Mt Gox’s Representative Director, confirms that the company’s total current liabilities value is almost double that of their assets. “As of now, the liabilities of MtGox Co., Ltd exceed its assets and its financial situation is as follows: Total…

MintChip Digital Payment Demo

The Royal Canadian Mint’s digital payment technology MintChip™ was demonstrated last week during the 2014 National Retail Federation’s Annual Convention and EXPO. Though MintChip™ is still in its research and development phase, Ingenico, a leading provider of payment solutions based in Paris, introduced the first proof-of-concept of the MintChip™ payment technology on a POS retail…