TSSI Announces Five New Banking Customers for DeedMark(tm) Security Foil
Released on: April 24, 2008, 8:55 am
Press Release Author: TSSI Systems
Industry: Electronics
Press Release Summary: Up to 455 million Chinese customers to be protected from counterfeiting and fraud
Press Release Body: UK - TSSI Systems, the document and personnel identity specialist, today announced that five major Chinese banks are now using TSSI products to protect their bank passbooks via Shenzhen TSSI Systems, its Chinese Joint Venture.
The new customers are China Construction Banks, China Communication Banks, Guangdong Development Bank, China Industrial Bank and the Agriculture Bank of China.
Each bank is using TSSI's DeedMarkT document security foil in bank passbooks for their customers in China. TSSI estimates that the five banks have an approximate total of 455 million customers between them.
DeedMarkT proves the authenticity of a bank passbook, preventing counterfeiting and fraud, by using either a batch number or incrementing number hard-coded into the foil at the point of manufacture.
To validate a DeedMarkT protected document as authentic, bank passbooks are swiped through a reader which then authenticates the foil as genuine and displays the number embedded within the foil.
The DeedMarkT foil is initially manufactured at TSSI\'s premises in the UK before being sent to Shenzhen TSSI Systems for slitting and assembly into bank passbooks. The foil is available in black, silver, gold and colour shift to enhance the aesthetic appearance of a document.
TSSI formally established its joint venture in China in October 2007.
"TSSI is delighted with what it has achieved in China in a relatively short period of time. While it took a considerable amount of time to set up the joint venture the market opportunity is massive, and is already paying dividends," said Stewart Hefferman, COO, TSSI.
- ends -
About TSSI
TSSI, based in Swindon, UK, is leading supplier of technology solutions for the verification of personnel and documents. Its document verification, fingerprint biometrics and identification systems are used in over 20 countries worldwide; wherever proving the identity of individuals or documents is a necessity. TSSI's target markets include healthcare entities, retailers, airports and financial institutions. Its blue chip customer list includes, NHS and the John Lewis Partnership.
Visit: TSSI at Security Document World 2008 22-23rd April 2008 Stand B35, New Connaught Rooms, Covent Garden, London
2025
