Currency_inspection_validation Currency Inspection Validation

2011-05-13

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Financial Industry
Application
Case
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Currency Inspection and Validation

The Chinese Federal Banking System uses a system of 1
printing location, 14 distribution centers, 30 treasuries, 365
central banks, 3,600 commercial banks and 2,000 local
banks. At each transfer (print to distribution or treasury
to central), bank note bundles are inspected for correct
markings, value validation and forgery.
These inspections are currently done through a manual
process and lead to losses estimated at $8 to $12 billion,
or 260,000 tons. The scrap and opportunity cost of the
losses are approximately $2,000/ton.

Problem:
Chinese Federal Banking System scraps printed currency
and has forgery loss rates of approximately 260,000 tons
per year

Project:
Implement an automated vision recognition system to
improve forgery capture and reduce scrap loss during
printing and receiving verification

Solution:
THE BOTTOM LINE
Using Microscan’s Visionscape® inspection system, the
banking system has recovered approximately 20% of
the losses. Based on a 7-year ROI, the return on the
implementation of the automated vision inspection is
conservatively over $300 million.

Visionscape® GigE Solution with NERLITE® Lighting

Result:
Automated inspections eliminated human errors and
dramatically reduced scrap and loss rates

www.microscan.com

©2009 Microscan Systems, Inc. 07/09

Product Information:
info@microscan.com
Auto ID Support:
helpdesk@microscan.com

Vision Support:
visionsupport@microscan.com
NERLITE Support:
nerlitesupport@microscan.com



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