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Cash Cycle Becoming Increasingly High-Tech

G+D highlights 3D Galaxy high-security thread and varifeye ColourChange foil window.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

The former Giesecke & Devrient Banknote business unit made its debut as the Giesecke+Devrient Currency Technology independent subgroup at this year’s Currency Conference, where it focused on new banknote security features and Industry 4.0 solutions. The Currency Conference is the largest industry event in the banknote sector.
 
Giesecke+Devrient Currency Technology demonstrated two new security features: the 3D Galaxy high-security thread and the varifey ColourChange foil window. Dr. Wolfram Seidemann, chairman of the Currency Technology Management Board, described these as “beautifully bringing together outstanding security with exceptional aesthetics” at the Currency Conference, which took place in Kuala Lumpur from May 15-18, 2017.
 
“Keeping cash both secure and attractive in equal measure has resulted in it continuing to be an integral part of modern life. Banknotes are, by a distance, the most secure payment method worldwide,” Dr. Seidemann observed.
 
The European Central Bank’s most recent study into the security of the euro, for example, demonstrates that the probability of physically holding a counterfeit banknote is around 0.00019%.
 
“Stable currency systems need cash just as much as they need digital or mobile payment methods,” Dr. Seidemann added. “This means we also need to take advantage of the opportunities offered by Industry 4.0 and digitization to make the cash cycle increasingly efficient.”
 
The new Currency Technology security features – the three-dimensional Galaxy high-security thread and varifeye ColourChange foil windows – are very complex, high-tech products that also rely on intuitive perception. A combination of micro-mirror and ColourShift technologies enables optically variable effects that can be integrated into or applied onto the substrate. Even inexperienced observers are able to perceive the dynamic color shifts and movement effects apparent when the banknote is turned, no matter how poor the lighting.
 
Banknotes must be as visually appealing as they are functional, and fit smoothly into the cash cycle. All security features must therefore be harmonized with one another as much as possible, so that simple authentication and the best possible machine readability are guaranteed.
 
 

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