The Dutch National Bank (DNB) has released an app which can be used to identify if a euro banknote is genuine or counterfeit. The app, which can be used on the iPhone 5 or higher, uses the device’s camera to scan the banknote and, the DNB claims, in many cases can identify straightaway whether the…
The Eastern Caribbean Central Bank (ECCB) has today issued a press release advising of a security thread upgrade to all its banknote denominations except for the $5. The Bank advises that the upgrade is “in keeping with the advancement in technology to prevent counterfeiting”. Read the ECCB press release here. | See ECCB banknote…
Mobile phone operator T-Mobile has begun accepting Bitcoin payments for pay-as-you-go phone top-ups in Poland. T-Mobile, one of Poland’s leading mobile phone operators, has begun a 3 month trial offering the virtual currency Bitcoin as an alternate payment option in partnership with Polish payments processor InPay. To help launch this new payment option, T-Mobile is…
From September 2015 the UK spending limit on contactless cards will increase from £20 to £30 per transaction. When the technology was first introduced the spending limit was £10, which increased to £20 following fast take-up of the payment method. The increase to £30 follows a serge in the use of contactless payments in the…
The increasingly popular virtual currency can now be chosen by users to add funds to their Microsoft accounts to pay for services such as games and videos on XBox games consoles, Windows phone apps and services, or to purchase Microsoft’s software. Rather than making an official announcement, Microsoft added a page to its customer support…
Banknote printer Crane Currency has entered a partnership with the Central Bank of Morocco, Bank Al-Maghrib, to print international banknotes. A statement detailing the partnership was issued on websites for both Crane and Bank Al-Maghrib dated November 12, 2014. The agreement is expected to be beneficial for both parties, by contributing “to the global expansion…
The iPhone 6 was launched today and, as has been anticipated for quite some time, it brings a new contactless payment system which is expected to quickly go mainstream. The contactless payment system is marketed as being simple, easy to use technology, with no need to open an application prior to making the payment. The…
Nanotech Security Corp. has today announced that it has made an agreement to purchase 100% of Fortress Optical Features Ltd, who produce optical thin film used as banknote security threads. Vancouver based Nanotech, which designs and manufactures nanotechnology for use in anti-counterfeiting and authentication products, has made the agreement with Fortress Global Securities Sarl, a…
Cabot Security Materials Inc. (CSMI) closed the sale of its Security Materials business yesterday to security inks specialist SICPA SA for approximately $20 million in cash consideration. Cabot president and Chief Executive Officer said: “We are pleased to have completed this transaction at an attractive value for our shareholders” “SICPA is a leading player in…
Instead of visiting your local bank branch, you will soon be able to pay in cheques by taking a photo of it and sending it electronically using, for example, your smartphone. The UK government has said that the new proposed system, piloted by Barclays, was received positively during consultation and will now be included in planned…