Fake currency menace haunts security agencies

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Fake currency menace haunts security agencies
India Forum: Comments, Opinion - Information Resource

News Summary: The menace of fake currency which majorly funds terrorism to be carried out on the Indian soil continues to haunt Indian security agencies with the Inter-Services Intelligence devising new plans to continue with this operation......read more in: Fake currency menace haunts security agencies

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These comments are about: Fake currency menace haunts security agencies

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7	Kirit Vora on Nov-03 : Comments on Report of High Level Group on systems & Procedures for currency distribution: HLG"s Recommendations for deployment of Note Sorting Machines/ Desk Top Sorters for Fake Note Detection: Most of the recent cases of remittance of fake notes to RBI and issuance of fake notes at ATM centers or at cash desk by many leading commercial Banks, (even after using Note Sorting Machines as have been recommended by HLG RBI), have been emerging as a result of erroneous understanding on complexity and intricacies involved in the related technology not only that of notes but also of two different special purpose machines like Note Sorting Machine and genuine Accurate Desk Top Fake Note Detectors, leading to improper/inaccurate fake note detection process. This has been happening mostly as the consequences of not deploying right detection equipments like Desk Top Fake Note Detectors/ Mini Currency Validity Verification & Processing Systems having compatible technology for FICNs detection and using NSM for fake notes detections though have been meant for other basic functions of sorting notes on the basis of preset criterion and can not provide specific function of detection of fake notes while currency validity verification of each notes. Although the report of HLG RBI recommending Note Sorting Machine for detection of Fake Notes at Cash Desks of Bank branches has been appropriate to the extent & till the time the Accurate much needed Desk Top Fake Note Detectors (DTFNDs)/ Mini Currency Validity Verification & Processing Systems (MCVVPSs) for Bank branches have been introduced in the market.. Now that such machines have arrived in India, all bank branches/treasuries, at their cash Desks, specifically branches those have been dealing with members of public for acceptance and issuance of notes, ought to be equipped with such Desk Top Fake Notes Detector/Sorter or Mini Currency Validity Verification and Processing Systems rather than with NSMs/DTSs and accordingly some fresh guidelines is needed to be issued by RBI to all the Banks and ATM centers. We are sure; it will help our Nation and Banking channel in nabbing fake notes at the root level of its deposits and Issuance at Cash Desks of Banks & ATMs. The technical aspects on currency notes required to be scanned for purposes of sorting processes; all to gather have been different to that which has been required to be scanned for validity verification and detection of notes. The former involves overall checking of both the faces of notes at very high speed, while as latter involves pixel to Pixel checking of important security features on the notes at the most optimum technical speed for the purpose, as over all scanning have every chances of passing super fake notes for matching the over all features of genuine notes. Super fake notes still bound to have large number of discrepancies with genuine notes if checked pixel to pixel though can match with criterion of genuine notes while over all checking through sorting machines. The kind of machines Indian Banks at cash counters needed for the fake notes detection purpose are the machine which can verify not only the images, emblems, portraits, texts, water marks, magnetic and other machine readable features of notes but also checks the physical and chemical properties of security paper, varied types of inks, resins, security threads and other materials used in production of notes, constituting large number of check points out of the interrelated combinations & permutations of varied security features in the notes, by automatic one by one pick ups of single note at a time out of the stacked packet of 100 notes of single or mixed denominations, and processes 100 notes in 1 minute which technically have been regarded as optimum for accurate validation & detection of Fake Notes The machine meant for detection of fake notes as prime function invariably should be capable of not allowing any fake note to pass as genuine. It is possible only with the detectors specially developed considering the large number of intricacies concerning to Indian notes. The high speeds of NSMs/DTSs, kill the accuracy of fake note detection as it leaves behind large number of security criterions being unchecked and specifically due to incompatibility of NSMs/DTSs of adapting digital technology which ensures the perfection. NSMs/DTSs can not check/scan notes pixel to pixel leading consequential inaccurate & imperfect detection of fake notes except for detecting poorly fabricated notes and thus runs with great risks of passing fake notes as genuine or rejecting genuine notes as fake or doubtful. NSMs/DTSs just throw out large number of doubtful notes with comparatively large number of false alarms and carries very high possibility of passing super fake notes as genuine resulting into issuance of such notes at cash counters or at ATM cen....
6	Kirit Vora on Oct-08 : The basic difference between Note Sorting Machine & Desk Top Fake Note Detector/Sorter is yet to be understood by the Indian Banks as most of the banks take NSM as the panacea of all remedies against problem of infiltration of Fake Notes in banking channel and have been repeating the very same mistakes again and again !! Note Sorting machines basically have been designed for currency sorting processes on the basis of set criterion like designs, quality, orientations, faces, series, fitness etc but have not been designed aptly & exhaustively for accurate fake note detection and hence NSM can not be used as a perfect substitute of Desk Top Fake Note Detector/Sorters which are exclusively designed for the specialized process of detection of Fake Notes offering other ancillary functions useful at cash desks or at ATM centers. With deployment of accurate Desk Top Fake Note detector the huge investment can be recovered back by avoiding the losses on account of erroneous acceptance of fake notes at cash desks, as also heavy expenditures on consequential legal hassles and lose of Goodwill due to strict provisions of law regards to handling of fake notes, though handled unintentionally. Most of the recent cases of remittance of fake notes to RBI by many famous Banks have been emerged as a result of deploying wrong equipment like NSM on which highest reliance has been placed. We feel majority of cases seems to be unintentional of human attitude problems while submitting fake notes to RBI"s treasuries. The Speed of NSM kills the accuracy of fake note detection as it leaves behind large number of security criterions being unchecked and specifically due to incompatibility of NSM adapting digital technology which ensures the perfection. NSM can not check/scan notes pixel to pixel leading consequential inaccurate & imperfect detection of fake notes except for detecting poorly fabricated notes and thus runs with great risks of passing fake notes as genuine or rejecting genuine notes as fake or doubtful. NSM just throws out large number of doubtful notes with comparatively large number of false alarms and carries very high possibility of passing super fake notes as genuine resulting into issuance of such notes at cash counters or at ATM centers and subsequent While as the process of 100% accurate detection of fake notes mixed up with genuine notes it self is a different operation requiring a equilibrate combination of Data based and Image based technology where large numbers of check points are to be scanned for a perfect adjudication of fake notes. Just image based scanning in NSM bound to pass fake notes which also could be influenced by factors like crispiness, identical images, colors, sizes, ink, water mark, paper, spoilages folds, mutilated, physically damaged, soiled, corner fold, tear, tear, holes, missing corner, denomination, orientation, formats, adhesive taps, limpness, stains etc and those instate of getting detected fake notes would be sorted out under different criterions for which the sorter is set. We feel with a view to facilitating the detection of Counterfeit notes, all bank branches/treasuries, at their cash Desks, specifically branches those have been dealing with members of public for acceptance and issuance of notes, should be equipped with Automatic Fake Currency Note detectors commonly known as Desk Top Fake Notes Detector/Sorter or Automatic Currency Validity Verification and Processing Systems (ACVVPSs), instead of Note Sorting Machine. The kind of machines Indian Banks at cash counters needed for the fake notes detection purpose are the machine which can verify not only the images, emblems, portraits, texts, water marks, magnetic and other machine readable features of notes but also checks the physical and chemical properties of security paper, varied types of inks, resins, security threads and other materials used in production of notes, constituting large number of check points out of the interrelated combinations & permutations of varied security features in the notes, by automatic one by one pick ups of single note at a time out of the stacked packet of 100 notes of single or mixed denominations, and processes a note in 0.6 seconds and 100 notes in 1 minute. The machine meant for detection of fake notes as prime function invariably should be capable of not allowing any fake note to pass as genuine. It is possible only with the detectors specially developed considering the large number of intricacies concerning to Indian notes.
5	Kirit Vora on Sep-26 : This is to make a point that there have been no accurate Desk Top Sorters available on the glob which can be fitted inbuilt into the ATM machine from the Back side to automatically prevent refilling of Fake Indian Currency Notes in the ATMs without interference and indulgence of Bank staff. On the contrary most of the Banks have hired private agencies for refilling only genuine notes. The reasons of issuance of fake notes from the ATM probably could be the involvement of human elements whether from within the Banks or from the outside agencies. In deed Indian Banks should deploy Desk Top Detector instate Desk Top Sorter In real sense ATM in our country mean "Any Time Money" and not "Automatic Teller Machine" - A Bank Branch without human being that accepts the cash Deposits and issue immediate credit to the depositor who in next movement can withdraw immediately credited amount in case of emergency. These kinds of machines are installed in highly advanced countries only. "Automatic Teller Machine" in the advanced countries have been equipped with Currency Validator/Acceptor/ Detector rather than sorters and fitted on front face of true ATMs which return/roll back Fake/ invalid notes immediately to the depositor and accept only valid/genuine notes giving credit of valid notes only. " Automatic Teller Machines" are also equipped with automatic Validator/ Acceptor/Detector on the Back Side of ATM for Back side office only open able by Bank staff from behind for refilling only Genuine Notes. It works in same fashions without interference of human elements to that of fixed on the front with some differences in mechanical structures facilitating refilling without element of human interference. Any Time Money is the Indian version of ATM just can function as Cash Dispenser and not Cash Acceptor. The public are made to Deposit sealed envelop of Money and detailed Deposit Slip in the slot as that of post Box where posts are dropped in envelops. The depositor will get credit only on the next day after manual verification by cashiers of the Bank and their satisfaction about the amount mentioned in the deposit slip. The machines are highly human interfered. Similarly ATM centers while refilling notes practically need off line accurate fake note detector which can segregate fake notes most accurately so that only genuine notes are refilled manually by removing machine detected fake notes.
4	S. Singh on Sep-02 : They are busy framing innocent Sadhvis for jihadi blasts and giving clean chit to Quattrochi. Maybe polishing sonia"s holy sandals.
3	Kirit Vora on Sep-02 : Paradigm EXC 6700-I is exclusively developed for validity verification of Indian currency notes -ICNs & detection of Fake Indian Currency Notes-FICNs mixed/hidden with packets of genuine notes. Most useful at Cash Desks of Banks, ATM centers, large retail outlets, treasuries etc as also at currency chests to process large number of notes that are sorted as suspects by image based heavy duty currency processors. Paradigm EXC 6700 -I is a Desk Top Fake Note Sorter/Detector commonly known as Currency Validity Verification and Processing System or Super Fake Note Detector. It verifies not only varied images, emblems, portraits, texts, water marks, magnetic and other machine readable features of notes but also checks the physical and chemical properties of security paper, varied types of inks, resins, security threads and other materials used in production of notes, constituting large number of check points out of the interrelated combinations & permutations of varied security features in the notes, by automatic one by one pick ups of single note at a time out of the stacked packet of 100 notes of single or mixed denominations, and processes a note in 0.6 seconds and 100 notes in 1 minute. The process includes identification of discrepancies of features in the rejected note for further legal adjudication of its validity. It also counts and valuates the accepted notes both in aggregate as also denomination wise. Its variant model scans, reads, records serial numbers of US Dollars and offer connectivity to PC for print out of serial numbers with summary of denominations, counts and values with personalized information of the users with date and time of operations.
2	Kirit Vora on Aug-14 : We feel RBI"s deliberation on suggesting bankers the use of "sorting machines" needs further attention to looking for "Genuine & Accurate fake note detectors" which work on data cum image based technology. Sorting machines are working just on image base technology which is limitedly compatible and useful just for fitness/quality sorting of notes and are too poor to detect super fake notes. Sorter just throws out large number of doubtful notes with comparatively large number of false alarms and carries very high possibility of passing super fake notes as genuine resulting into issuance of such notes at cash counters or at ATM centers. The kind of machines Indian Banks at cash counters needed are the machine which can verify not only the images but also can check the chemical and physical properties of papers, inks, resins and other materials used in production of note. The machine should be capable of not allowing any fake note to pass as genuine. It is possible only with the detectors specially developed considering the large number of intricacies concerning to Indian notes. A multi currency super fake note detector/ Currency verification & processing Systems is recently launched by an Indian company having web address www.paradigmcashsystems.com . It is suggested therefore that all the concerned authorities form RBI, Government of India, Banks investigative agencies etc should invariably go through the crucial informations provided in the web site. It could help in curtailing the menace of fake notes prevalent in our country.It is most essential that all the procurement/purchase authorities should invariably check website.www.paradigmcashsystems.com. It will help them with a proven solution.
1	Truth Speaks on Jul-31 : Give death punishment to Fake currency printer, Life imprisonment to Fake currency distributor. Problem solved. Horrible crimes deserve severe punishments.
1

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Fake currency menace haunts security agencies

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