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Infosecura - A magazine for the security printing industry worldwide

Launched almost 20 years ago, Infosecura aims to engage, inform and maintain contact with the delegates of the Security Printers conferences that Intergraf and its Committee of Experts organise every 18 months.

Edited by Manfred Goretzki, Assistant Director of Intergraf until 1990 and organiser of Intergraf's first ever Security Printers, International Conference (1976), the original newsletter quickly developed into a quarterly magazine, better suited to an industry that sometimes moves surprisingly fast.

Infosecura is filled with security printing news. Technical and product developments in the fields of banknotes and ID documents, fundamental issues that impact the industry and the occasional opinion piece are among what you can expect to find in its pages.

The mission of Infosecura is to deliver relevant, informative, thought-provoking and entertaining coverage of the industry.

Just like Security Printers, it gives equal weight to the banknote and ID document sectors. Every issue carries articles relevant to both, while placing the emphasis on one or the other.

Submissions by industry personalities and companies that have made important advances are always welcome.

 
Advertising & publishing opportunities

Interested in advertising or submitting material for publication in Infosecura?

Please send your queries to Manfred Goretzki at mgoretzki@intergraf.eu.

 

 

 

New to Infosecura?

Browse through Infosecura 64Find out what's inside Issue 64 !    

All about the Security Printers, International Conference & Exhibition which took place in Copenhagen, Denmark (22-24 April 2015).

 

 

 
Infosecura 71 - Security Printers 2018, Dublin: get ready to be heard

Infosecura 71’s table of contents is dominated by three events: demonetisation in both India and Venezuela, and the introduction of a new German passport.

In the case of Venezuela, demonetisation has probably not improved an already bad economic situation. In India, however, the score sheet is less clear. Economic growth has slightly slowed down according to the World Bank, but the move has not dented Prime Minister Narendra Modi’s popularity. His party, the Bharatiya Janata Party (BJP), very recently won a resounding victory in elections in the vital, populous state of Uttar Pradesh.

On the ID side, Germanys’ new passport demonstrates its preference for a very secure, technically advanced over a flashy travel document.

This issue also discusses several new banknote issues and, finally, gives a brief overview of the conference to come in Dublin in 2018, including its call for papers - an excellent opportunity to be heard by an audience of peers.

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Excerpt - A central banker’s thoughts on payments: Banco de Espana welcomes Security Printers to Seville

Back issues

Infosecura 70

The conference that updated the industry

The cover of this issue looks different. The main subject is, of course, the outcomes of the conference in Seville last October. But instead of the town's touristic wonders or architectural marvels, is the team that made it a very successful and enjoyable event. They look relaxed - the picture was taken after all the work was done.

A substantial part of the content closely examines some of the presentations . Also included is an interview with Efthimios Matsoukis, Chairman of Intergraf's Committee of Experts since 2003, who announced in Seville that he is stepping down in favour of Dr. Dieter Sauter of Orell Füssli.

The grand themes of our industry get another close look: the defence of cash, the potential dangers to printed ID documents, etc. And then there is the unexpected withdrawal of the Indian 500 and 1000 Rupee notes, announced shortly before we went to print. The consequences are still being felt all over India. We will again report and comment on this daring (or foolhardy?) experiment in the next issue.

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Infosecura 69

Join us in Seville for Security Printers

This is the preparation issue for the 2016 Security Printers, International Conference & Exhibition in Seville in October and, true to its title, it examines some aspects of the programme.

One new feature is the number of panel discussions. There will be three of them. One in the Banknote High Meeting on 'co-operative business models banknote production'. Another in the Identity High Meeting, which will concentrate on the experience of one country alone, the USA, titled ‘United States next generation passport: lessons learned from key stakeholders’. And on the last day, Intergraf gathers six eminent personalities from our industry to discuss urgent questions under the title 'The future of banknotes and IDs'. Technological developments in the field of payment means and systems, of authentication and documents, and of consumer privacy and convenience will be at the heart of this discussion, with particular emphasis on security needs and user-friendliness.

But the conference is by no means the only subject of this issue. There is an extensive appraisal of the new €50 note, a comment on the international effort to suppress high denomination banknotes, and an interview with the Director of the Bank of Israel's Currency Department about the new Israeli banknote series, as well as articles on the new European Union Laissez-Passer and on the new ISO 19998 standard for tax stamps.

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Infosecura 68

Finally... but it was worth the wait

This slightly enigmatic title refers to the long-awaited Swiss 50 Franc note, which was printed on a substrate, Durasafe, developed by Landqart on the behest of the Swiss National Bank. The article gives details of the artistic and technical innovations in the note.

Another Swiss banknote event was Banknote Horizon 2016, KBA NotaSys' equivalent to the Olympic Games. Held every four years, usually in Lausanne, it gives an in-depth view of the latest technical developments in banknote production.

These developments are the subject of two further articles on standardisation: one on Intergraf's ISO 14298 and another on the extension of it for hologram manufacturers.

The ID sector occupies the remaining half of the issue, with reports on Germany's efforts to register the flood of refugees that swept into Europe, improvements in breeder documents, integrated designs in government security, and colour pictures in polycarbonate ID cards.

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Infosecura 67

Intergraf celebrates 40 years of Security Printers

As the title suggests, this is a celebratory issue. Forty years of successful international conferences is quite an achievement. But, at least at this time, the sound of popping champagne corks did not pass the office doors. The celebration was largely confined to the editorial.

The serious part of the issue includes an interview with the head of the Central Counterfeit Office of the Belgian Federal Police, responsible for detecting both banknote counterfeiting and ID document fraud.

In another interview, we talk to the commercial director and head of R&D and Innovation at the Fabrica National de Moneda y Timbre - Real Casa de la Moneda in Madrid (Spain is the host country of the 2016 Security Printers, International Conference & Exhibition in Seville) and hear about the setting-up of a new printing company dedicated to printing Spain's allocation of Euro notes, IMBISA.

There are also a number of features on ID subjects, such as the successful rolling out of an electronic ID project in Iraq, an article that examines the problems associated with ID projects in crisis states such as Nigeria and Iraq, and a quick history of passports by Tom Topol. And finally for that sector, there is a look at often hidden technical advances in the new UK passport.

On the banknote side, Durasafe receives an appraisal ahead of the issue of the new Sfr. 50 note and the new Russian 100 Rubel note commemorating Russia's 'acquisition' of Crimea gets a critical look, as does India's banknote policy.

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Infosecura 66

Will cash fade away?

Several pages of this issue are devoted to the future of cash. With more and more alternative methods of payment appearing, central banks are beginning to think seriously about whether or for how long they should stick to tradition and continue to issue banknotes.

In countries with a large 'black economy', the anonymity of cash is a headache for tax authorities. They would probably prefer traceable electronic payment methods only, but it is not up to them to make such a change.

However, there are important voices in central banking circles that argue for such radical measures.In September, Andy Haldane, the chief economist of the Bank of England proposed getting rid of cash altogether. The reason he advanced for such a move is that without cash, central banks could introduce negative interest rates, which is simply a charge on depositors who keep their money in the bank - instead of investing or spending it.

Negative equity is only practicable if there is no other way of storing money. Otherwise people would quickly convert bank deposits into cash. As the number of high-denomination banknotes in circulation - or perhaps better, at rest - in the Euro area and also in the UK and other countries shows, many savers already prefer to hide bundles of cash under the mattress, rather than putting them in the bank.

All this points to the inability of financial policy makers to boost spending and thus stimulate the economy. Mr Haldane said that it may be necessary to cut interest rates from their present historic low of 0.5 per cent to support UK growth and return inflation to target. He thinks that the logic of negative interest rates implies that there may be a need for a government-backed electronic wallet.

“This would preserve the social convention of a state-issued unit of account and medium of exchange, albeit with currency now held in digital rather than physical wallets.” Such an electronic wallet would also make every financial transaction traceable and, short of becoming 'honest', the money that is now swirling around the black economy would go to private virtual currencies, such as Bitcoin, where the money trail is totally untraceable.

Mr Haldane’s thoughts conflict with what the Bank of England’s Chief Cashier, Victoria Cleland, said when she promised that notes and coins are here to stay. She seems to mean it, as she announced that three of the bank’s four denominations would move to polymer, and thus last longer than paper notes.

Meanwhile central banks continue to investigate Bitcoin. The Bank of England published a paper in its Quarterly Bulletin. The European Central Bank in February released Virtual currency schemes - a further analysis. And Björn Segendorf and Cecilia Skinglsey of Sveriges Riksbank also published papers on the possible influence of virtual currencies in economic behaviour.

It is not Bitcoin itself but the underlying software that has caught the attention of government institutions worldwide. The Economist (30 Nov. 2015) wrote that the cryptographic technology whichunderlies Bitcoin, called the 'blockchain', has applications well beyond cash and currency.

It offers a way for people who do not know or trust each other to create a record of who owns what that will compel the assent of everyone concerned. It is a way of making and preserving truths.The Bank of England agreed by stating in a research note last year that distributed ledgers such as blockchains are a 'significant innovation' that could have 'far-reaching implications' in the financial industry.

We might be at the beginning of something important and we don’t know if it will turn out to be a great benefit or a disaster for our industry.

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Infosecura 65

ID document and banknote production : the technology of trust

A banknote or an ID document is not WYSIWYG - what you see is certainly not what you get, what you get is much more than you see. What makes a pretty piece of paper or plastic into something of definite value - either defined in terms of money or as expression of identity - is trust.

Trust is the overarching theme of Infosecura 65, and we are looking at the question of cash, prompted by fears that cash may be on the way out in Scandinavia. Not that Scandinavians have stopped trusting banknotes, they simply trust electronic means of payment just as much. Are they right?

To make banknotes easier to verify and thus increase trust is also the reason behind De La Rue's 'Identify' series of security features, the subject of another article.

The EU's new digital strategy and the strong market growth in secure elements deal with institutional and marketing aspects of the 'trust business'. These are just some of the subjects written about in the current issue of Infosecura.

Enjoy reading!

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