Document Security Systems signs secure document deal with South American bank
Company provides secure, verifiable documents that can be transmitted and printed over the internet; DSS a leader in security paper, anti-counterfeiting efforts
“Men make counterfeit money; in many more cases, money makes counterfeit men.” So said Chicago journalist Sydney J. Harris. But what about the men that fight the counterfeiters? They make money, too, and seem none the worse for moral wear. Leading the way in document authentication and security is Document Security Systems (DSS) (AMEX: DMC), which announced this week that it had signed a deal with an anonymous Latin American subsidiary of one the world’s largest banks to provide its AuthentiGuard On-Demand secure document system. DSS’s patent pending technology creates secure, verifiable documents that can be transmitted and printed over the internet. According to the company, “this is the first application of this covert method for producing highly secure documents, such as financial instruments and documents, at multiple locations.”
DSS’s strength is that its documents can be printed in the client’s offices using special security paper that both contains authentication marks and resists photocopying by printing ‘VOID’ on any reproduction. The technology is in use in a wide range of paper products including gift certificates, coupons, and prescriptions. When home computer networks become more secure, consumers will be perhaps be able to use similar technology to create and sign senstive documents on line and even print out their own personal checks.
One useful homeland security application: electronically-delivered counterfeit-resistent boarding passes.
-read more in this company news release; for DSS Chair Patrick White’s take on the document security business, read more in this Wall Street Transcript interview
sites: www.documentsecurity.com and www.plasticprintingprofessionals.com
