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Browse Prior Art Database

Currency With an Integrated Chip

IP.com Disclosure Number: IPCOM000036611D
Original Publication Date: 1989-Oct-01
Included in the Prior Art Database: 2005-Jan-29
Document File: 1 page(s) / 11K

Publishing Venue

IBM

Related People

Skudelny, G: AUTHOR

Abstract

This article describes currency (banknotes or bills), in particular of a higher value, made of a plastic material and comprising an integrated circuit in the form of a chip. This chip, similar to a chip card, may be accessed and contacted from the outside.

This text was extracted from a PDF file.
This is the abbreviated version, containing approximately 100% of the total text.

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Currency With an Integrated Chip

This article describes currency (banknotes or bills), in particular of a higher value, made of a plastic material and comprising an integrated circuit in the form of a chip. This chip, similar to a chip card, may be accessed and contacted from the outside.

Currency of this type has the following advantages:

it may not be counterfeited,

it may be readily automatically verified,

its serial number may be automatically recorded,

and it may be temporarily blocked during transport.

In addition, the release of such currency may be permanently blocked. Currency of this type may be contacted, read and handled, for example, by readers developed for chip cards.

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