Thursday, 01 December 2011
G& D Restructures Banknote Printing Operation in Ottawa
Giesecke & Devrient (G&D), one of the world's leading privately owned banknote printers, today announced a restructuring of BA International Inc., its banknote printing operation in Ottawa. As a result of changing conditions in the local Canadian banknote market, BA International will cease printing banknotes for the Canadian and international market at the end of 2012.
G&D and the Bank of Canada are in discussions about new services to be provided to the Bank by BA International. It is expected that these discussions will be concluded successfully and that as a result, a number of the 190 BA International employees will be retained.
The introduction of polymer banknotes in Canada significantly changes the local banknote market. Given that these notes are expected to last longer, the requirement to reprint banknotes is expected to drop from 2013 onwards. This reduction in locally secured capacity utilization cannot be compensated by international orders.
The restructure of the company's banknote printing operations was not an easy decision. G&D acknowledges the fine work the team has produced over the years.
Advent International Completes Acquisition of Oberthur Technologies
Advent International, a private equity firm and the Francois-Charles Oberthur Fiduciaire Group, today announced the completion of the acquisition of the Card Systems and Identity divisions of Oberthur, following workers' council consultation and the approval of the transaction by relevant market authorities.
Advent International, along with the company's management, now controls 90% of Oberthur Technologies' capital. Jean-Pierre Savare, founder of the Oberthur group and his family retain a 10% stake in the capital. The transaction is valued at 1.15 billion Euros.
Xavier Drilhon, previously Deputy Managing Director of Oberthur group and Managing Director of the Card Systems division, has been appointed CEO of Oberthur Technologies.
Advent International hopes to help grow Oberthur Technologies through potential external acquisitions which may further enhance the technological development and complement existing know-how.
How to Win Your Anti-Counterfeiting War
In a newly published white paper by Frost & Sullivan, entitled "How to Win Your Anti-Counterfeiting War?" Global Program Director Smart Cards Group, ICT, Jean-Noel Georges, discusses how to protect brands from the counterfeiting threat.
Worldwide financial losses due to counterfeiting have been rising rapidly over the past decade. 2010 saw a spectacular increase of counterfeits for luxury goods and electronic devices.
"The first requirement in the fight against counterfeiting is to find an easy way to check, if a product is authentic," he says. Holograms and barcodes are not sufficient for luxury or high tech goods, where the product should be identified individually.
More advanced technical solutions do not only provide visual verification but also deliver anti-counterfeiting capabilities. The RFID tag helps verifying, if the information on the chip is the same as that stored in a centralised database. Trusted Platform Module (TPM) is arguably the most advanced technical solution, but also the most expensive and therefore most commonly linked with high-end technical products.
"Each company and every brand should be prepared for the anti-counterfeiting war. The most advanced solution will be embedded, including last certified and standardised security features. Contactless features such as NFC will allow the brand to experiment with a new customer communication dimension, "Jean-Noel Georges concludes. " Not winning the anti-counterfeiting war might be dangerous and even mortal."
To obtain a free copy of the white paper please contact Joanna Lewandowska
Adeptra and Santander scoop 'Best Security Initiative' at 2011 Banking Technology Awards
Adeptra, a market leader in auto-resolution, has been awarded a Banking Technology award for its recent security initiative at Santander. The industry award celebrates excellence in the deployment of technology in the banking and financial services arena and acknowledges individuals who have made an outstanding contribution to the industry.
The joint submission from Adeptra and Santander fought off tough competition from industry competitors. The winning entry highlighted the company's use of Adeptra's 'Auto-resolution' anti-fraud solution, which initiates a call to the consumer in real-time. The success follows just a few months after Adeptra's success in the Credit Today Awards, also with Santander.
As a direct result of the implementation of Adeptra Auto-resolution technology, Santander now typically makes contact with consumers within 30 seconds of any point of sale transaction, delivering significant improvements in the speed of fraud detection.
Aware Provides Biometric Solution to Cambridge Assessment to Enhance ESOL Exam Security
Aware, Inc. announced it has supplied Cambridge Assessment, the University of Cambridge's international exams group, with a biometric verification solution based on its COTS Biometric Services Platform (BioSP) and user interface development services. The advanced solution forms the basis of 'Identica', which is part of Cambridge Assessment's exam fraud prevention services.
The Identica system enables exam proctors to easily capture ISO-compliant facial images of candidates. These images are then made available to organisations wishing to verify that the candidate presenting a certificate is the candidate who took the test. This is increasingly a need where international assessments are required for critical purposes, such as for citizenship application. Operating at a central facility, BioSP provides identity management functionality that enables the fast and efficient capture of candidates' facial photo upon their arrival at a test centre. The system can be easily upgraded to support additional biometric modalities, including fingerprints.
One of Cambridge Assessment's exam boards, University of Cambridge ESOL Examinations, will be the first to use Identica for its CAE (Cambridge English: Advanced) test, which is now recognised by the Australian Department of Immigration and Citizenship (DIAC) for student visa applications. The service has been rolled out to Cambridge ESOL test centres globally, and is expected to be in use in over 130 countries by the end of 2011.
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