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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.

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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 w
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  • SOURCE ICAP Ocean Tomo
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