Navigation Links
Advanced Protection Against Document Fraud - ICAP Ocean Tomo Announces Auction of a Counterfeit Document Detection System
Date:2/25/2011

CHICAGO, Feb. 25, 2011 /PRNewswire/ -- The threat of counterfeit documents and identity theft is increasing.  Innovations in lasers and optical scanners have made it easy for counterfeiters to create fraudulent documents, including authentic-looking bank checks among many types of documents.  It has become almost impossible for banks and merchants to be able to detect fraudulent bank checks.  Additionally, criminals create fraudulent identity documents such as driver's licenses, ID cards, airline boarding passes and much more.  At present, criminals can easily create perfect counterfeit documents to suit their many criminal purposes.  For example, an original bank check can be scanned by a hand scanner at a check cashing store and a criminal can create thousands of fraudulent bank checks that appear to be perfectly authentic.  This is the problem addressed by Thomas R. Chapman's counterfeit document detection system which will be auctioned at ICAP Ocean Tomo's Spring 2011 Live IP Auction in New York on March 31st.

(Logo:  http://photos.prnewswire.com/prnh/20100614/CG20517LOGO)

Key Characteristics The patents disclose the following:

  • The system selects certain characters from at least one string of variable characters.
  • Transforms those characters by at least one mathematical manipulation of those characters into a unique code which is printed on a document, typically as a symbol (barcode).  
  • There are many algorithms well known in cryptography for performing the code generation. The preferred embodiment uses a PKI crypto system with digital signatures.
  • The characters and unique code may be represented as numbers, letters of any alphabet, ideographs or symbols (barcodes) as desired.
  • The unique code is used as a security feature to validate that a physical document with the feature, or an electronic image of a document with the feature, is authentic.

  • Market PotentialThe patents in this lot should be of interest to entities active in banking and related vendors and system integrators, Document Solution providers, AAMVA and related providers, USPS and related providers, and other organizations related to the security of important documents.

  • Companies in the U.S. alone lose more than $600 billion annually as a result of bank check fraud, the vast majority of which consists of counterfeiting and document fraud (1,2,3).  
  • This patent has been cited by many significant industry players including Bank of America, JP Morgan Chase, IBM, and Diebold.

  • To learn more about the assets available for sale in this portfolio:

    Contact Dean Becker of ICAP Ocean Tomo at Dean.Becker@us.icap.com

    About ICAP Ocean Tomo LLCICAP Ocean Tomo is the intellectual property brokerage division of ICAP and the world's premier patent auction firm.

    About ICAPICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.(1)  http://www.troygroup.com/products/printers/document_fraud_prevention.aspx (2)  Tseng Chun-chou, Computer & Information Security Services (TIER Industry Report, 2010)(3)  http://www.militaryaerospace.com/index/display/article-display/298081/articles/military-aerospace-electronics/online-news/information-security-market-forecast-to-reach-79-billion-by-2010.html
    '/>"/>

    SOURCE ICAP Ocean Tomo
    Copyright©2010 PR Newswire.
    All rights reserved

    Related biology news :

    1. Stevens awarded $1M for advanced biofuels research
    2. Taking the next step toward advanced artificial limbs
    3. Sig-Tec(R) and BIO-key(R) Deliver Advanced Biometric Security Solution to Ohio County Law Enforcement Agency
    4. TECNALIA investigates advanced biomaterials to make more reliable and hardwearing medical implants
    5. Developer of advanced computing memory, father of biochemical engineering, and innovative engineering educators win highest engineering honors of 2009
    6. U.S. Navy Awards Lockheed Martin Six-year Contract Worth Up to $72 Million for Advanced Display Systems Support
    7. $10 million Simons Foundation gift supports new initiative with Institute for Advanced Study
    8. New journal on advanced glass research to debut
    9. Facile synthesis of nanoparticles with multiple functions advanced in Singapore
    10. Advanced Analogic Technologies Introduces Lowest-Power Load Switch Available for Biometric Security Devices
    11. Trial of new treatment for advanced melanoma shows rapid shrinking of tumors
    Post Your Comments:
    *Name:
    *Comment:
    *Email:
    (Date:1/18/2016)... Jan. 18, 2016  Extenua Inc., a pioneering ... the use and access of ubiquitous on-premise and ... with American Cyber.  ... leading transformational C4ISR and Cyber initiatives in support ... latest proven technology solutions," said Steve Visconti ...
    (Date:1/13/2016)... January 13, 2016 ... addition of the  "India Biometrics Authentication ... Forecast (2015-2020)"  report to their ... has announced the addition of the  ... - Estimation & Forecast (2015-2020)" ...
    (Date:1/8/2016)... Kingdom , Jan. 8, 2016   Bruin Biometrics, ... today announced the closing of a $9 million financing. The ... the financing will be used to accelerate the commercialization of ... early-stage pressure ulcers. United Kingdom ... Mark approval. The device,s introduction has been met with enthusiasm ...
    Breaking Biology News(10 mins):
    (Date:2/10/2016)... ... February 10, 2016 , ... PatientCrossroads announces ... the secure online PatientCrossroads platform, has exceeded both its one-year and overall recruitment ... PROMPT study, which seeks to advance understanding of the hereditary risks for certain ...
    (Date:2/9/2016)... (PRWEB) , ... February 09, 2016 , ... With a ... 2016 Wharton Health Care Business Conference will bring together over 500 top healthcare leaders ... an industry in transformation. The conference, organized by MBA students of the University of ...
    (Date:2/9/2016)... ... February 09, 2016 , ... Tunnell Consulting, Inc. announced that Frédéric Lefebvre ... will focus on acquiring new accounts and work closely with existing Tunnell clients throughout ... brings to our European clients more than 15 years of experience in the pharmaceutical ...
    (Date:2/9/2016)... This market research report on the global ... of the market in terms of revenue (USD Million). ... the manufacture of microbiology culture media and related products. ... snapshot providing the overall information of various market segments ... also provides the overall information and data analysis of ...
    Breaking Biology Technology: