Despite the availability of new payment options, cash remains the most popular form of business transactions......
During the Lunar New Year, we would like to share some interesting stories about MA. We're bringing back the Fun Fact series to the stage. Did you know that most MA products/solutions are named after light? If so, please leave a comment to share how you discovered this, and we would love to know more about it......
The year of the Tiger has come to an end, and we'd like to take a moment to greet you with a Happy Chinese New Year! May the Year of the Rabbit bring you joy and prosperity!
We had a great time at NRF Show this year, and we would like to extend our gratitude to everyone who visited our booth......
On day 2 in #NRF2023, Julije Drasinover, MA's CEO, was interviewed to showcase our innovative approach......
First day of NRF 2023 was fun and we got to see a lot of familiar faces.......
Get prepared for our first dawn of new solutions in 2023. The countdown to the new product launch is on, and we are excited to unveil a revolutionary new offering that features lightning-fast processing, precision, security, and seamless connectivity, as well as the superior quality and performance you have come to expect. You don't want to miss it!
It has been our greatest joy to serve you in all possible ways. —Wish you and your family all the best as we head into 2023.
As we look back upon the past year, we would like to express our sincerest appreciation for the trust you have placed in us......
We are glad to officially announce that we have successfully created a contact network in seven countries around the clock.......
With strategic partnerships in the banking and Cash In Transit sector, MA can further expand its market leadership for automatic deposit safes. More than 500 systems in a wide variety of businesses save cash logistics costs every day and daily avoid half a ton of Carbon Emissions through logistics optimization......
We've really enjoyed the ExpoFood Service, and we're sure those who visited us feel the same. It was an excellent opportunity to demonstrate MA’s diverse cash-handling solutions covering depositing, self-ordering, and payment.
Double 11 is called Singles’ Day because “1” symbolizes single in Chinese, and it encourages to be proud of their single relationship status and treat themselves with a special purchase. Gradually, it has become one of the biggest shopping festivals in the world. The major brands and numerous retailers will join the event to give significant discounts and promotions on the day or the week. Make your stores "NO CHAOS" with MA’s customized solutions during the festival.
MA plans to introduce a game-changing revolutionary kiosk, CASHIER, to the Japanese market. We would be pleased to invite university students currently preparing for employment or a Ph.D. in Marketing or Product Development to come to MA Japan in Tokyo and share opinions and ideas freely about Japan’s marketing potential, digital approaches, and revolutionary solutions......
Austria is one of the most popular sites for snow skiers who travel from all over the world. The cash payment for ski resorts and cable cars ticketing were manually processed at a pretty high percentage.
The cash supply is arduous and expensive due to difficult reachability on high mountains......
Hope this Diwali brings you joy and blessing. Happy Diwali.
Diwali is a Hindu religious festival of lights and represents one of the important festivals in India. Diwali symbolizes the spiritual "victory of light over darkness, and good over evil".
We are pleased to announce the launching of MA Spanish website, to be more focused in terms of making even wider approach to customers who use Spanish and have interest in Cash Handling Solutions......
We’re constantly challenging ourselves to raise the bar to make BEAM even a greater solution.
The BEAM V1.5 is designed to push boundaries of Cash Deposit Systems, securing the cash with cutting edge technology that optimizes cash flow operation massively improves user experience to achieve faster CIT process.
In a time of climate crisis, all industries should come together to take as many actions as possible in order to minimize environmental impacts. MA has been also contributing it with cash management solutions......
It will be our honor to invite MA partners for a meeting at coming GITEX 2023 in Dubai. The agenda covers MA’s new approach of sales, solutions and any topics that interest our partners. Please fill in the form from the following link (in the comment) to tell us the time and date you’d like to meet with us......
Tremendously improves the efficiency when it comes to end-of-day data collection, designed to accelerate the bank workflow eventually leads to better customer experience and satisfaction. The support model is NC7500, and more to come......
Equipmag, one of the greatest event for professionals in store design and equipment of points of sale. It intends to set the benchmark for professionals in the display and equipment market bringing business figures together to find substantial solutions in order to make the projects happen.......
BTX Road Show 2022 New Delhi will be focusing on digital and business transformation. For the last two years, businesses are looking to build on the gains made during the pandemic which accelerated the adoption of digital and cloud solutions......
The Future of Cash 2022 is surely one of the best events to understand the changing cash environment and what attendees are doing to optimize the cash cycle and ensure sustainability of cash. It also leads all attendees to discuss new strategies for creating the cash cycle of the future.......
Network based solution with lasted technology brings innovation in day to day cash processing at your retail location. Now, we offer a double security option to reinforce BEAM safe structure in order to keep cash more secured......
With massive feedback and support from our last FunFact episode, we are glad to offer new findings about our industry today. The four entities, bank, CIT, banknote and banknote counter, do you ever wonder when they join in our world? Let’s figure them out......
Among MA’s various cash handling solutions, KUAN has been providing superior heavy-duty back-office cash handling, now with the new option of performing necessary measure that are requested in ECB Article 6*. When suspicious notes are detected, KUAN is capable of separate, transport and store suspicious notes to an individual compartment await the CIT guard to collect, instead of mixing with all other deposited genuine notes to conveniently save the effort and cost......
CASHPoint Pay and JIAN can optimize cash processing and provide labor reducing, minimize cash shrinkage and cost-effective service so that retailers and customers would be gratified at same time......
MA never rest to explore even more possibilities when it comes to CASHIER application, and recently we have some new achievements to offer CASHIER as all-in-one self-service kiosk, utility bill payment, sim card top-up, cash deposit, cash pick-up and money transferring, can provide an “One stop shop”......
Feed banknotes and let JIAN do the rest! From banknote authentications, speeding up and accurate end of day process, to reducing frauds and internal theft, it's all integrated in one to ease your daily cash processing at your retail location.
Apart from the pattern design, there are many more aspects that we can address when it comes to world banknotes, here are some special findings that we have discovered. Let’s go figure them out.....
Here is a chart to display the key metrics for SPARK and CASHPoint module.
Masterwork Automodules Tech Corp. is honored to announce the establishment of strategic partnership with Cash Processing Solutions (CPS) to provide a more strategic focus on global cash processing solutions market.....
CASHPoint OEM Note Module is a portfolio that features a cutting-edge performance, fast and reliable cash recycling, to ensure all transactions are completed in a way that meets customer's......
NC7500, MA’s heavy duty 2-Pocket fitness sorter gets a new feature upgraded......
Ever since NC7100 was launched, it has been setting up remarkable achievements, which set many bench marks among the competitors, let's find of some of the fun facts of NC7100......
MA's RAY Series Cash Recycler System is now integrated with ID Doc login method, a leap to bring the convenience to higher level yet at the same time security level is upgraded......
We enjoyed this year's EuroCIS, we're sure those of you visited us feels the same.
MA will return in EuroCIS 2023.
It was truly a pleasant trip for us being in this year’s NRA Show 2022, we enjoyed the time of meeting some of new great people down there in Chicago...
Masterwork Automodules is pleased to announce the opening of MA Iberia as a subsidiary for Spain and Portugal.
"Certified by ECB" has been one of the most important certifications among MA's full product portfolio. It's an honor that all iconic products of MA have been tested and certified by the European Central Bank.
As our distribution channels have expanded more diversified, we are pleased to announce an exclusive site for the Cannabis Industry, to be more focused in terms of making even wider approach to the dispensaries segment with MA's Cash Handling Solutions.
Let's take a look..
Information that MA's DRAGON Cloud is capable of collecting, helps CIT/Retailor to organize the entire procedure in a even smarter way, "which site should be visited more often, by how often" to learn more about the patterns to make data-informed decisions.
There's even more various of data awaits to be discovered.
As of today, on this special event of our anniversary, we want you to know that your trust and support has always motivate us the most to provide better service to pursuit continued growth!
A big THANK YOU to those of you who have been with us for all these years.
One of the great features of NC7500 is that user gets to preview the image of rejected notes, for double checking purpose so that the counting operation can be carried out silk smooth.
Built from the strong and solid foundation of MA technology, NC71 CDS has set up the benchmark to an even higher level, proven by thousands of MA Cash Deposit Systems deployed worldwide that secures cash and significantly optimized retailers'daily cash-in processing time.
The NC65CDS enhances the reliability to your cash-in solutions
The iconic validator which is extracted from MA's best selling product, now available to explore even more opportunities to approach more applications.
It performs exceptional banknote authentication and capable of recognizing diverse of currencies / denominations. Which empowers smart safes even smarter and reliable all in a decent footprint.
Depending on the application, whether it’s a self-check-out with CASHPoint Pay at the store front end or automatic till management with CDS Square, we have them both covered.
As year of Ox comes to an end, we'd like to take a moment to greet you a Happy Chinese New Year 2022!
Best wishes for your perfect health and lasting prosperity
We are thrilled to officially unveil the brand new product line of MA – OEM Modules. It’s truly a new approach among MA’s business segments that aimed to strengthen the performance of your smart safes. Contact us to receive more detail information!
We are all set for NRF 2022 meet us at booth 1137, see you around as we have so much to share with you!
It has always been our greatest joys to serve you in all possible ways. Wishing you a prosperous and blessed New Year.
It’s been an absolute pleasure working with you during the past year, let’s make 2022 even better. Best wishes for the holiday season.
During the holiday season, our thoughts turn gratefully to those who have made our success possible. It is in this spirit that we say thank you and best wishes for the holidays and New Year, We look forward to continue working with you in the years to come over the last year......
It's such an honor to receive this letter of appreciation from our partner in Dubai. Credits to our Adaptation Team, who's dedicated to deliver fast and great quality of adaptation to MA's products.
Back office roles vary according to retail size, complexity, number of staffs and etc... However, facing more or less same problems when it comes to cash handling. With our full product line-up from cash depositing to recycling, Masterwork must have a device that suits your business size.
MA’s heavy duty fitness sorter line offers a diverse and reliable performance to suit back offices for ......
You spend all your time and energy on turning a profit for your business. However, your hard-earned money could be slipping through the cracks oblivious to you......
CASHIER is truly a Payment Kiosk designed for multiple industries, it's more than just a kiosk, it's engineered for those who are looking to automize customer-facing processes......
Now more than ever, the zero contact economy has taken over the market, and, as Forbes Magazine predicted in 2020, contactless services are here to stay.
With consumer habits leaning towards “no touch” retail, tap-and-go kiosks are becoming a customer-facing business staple.
Read about our CASHIER Series customer success story in the restaurant franchise, how Masterwork Automodules helped Chien Tu Shabu Shabu Chengde Shilin Store reduce labor expenses and staff workload, while encouraging customer engagement and dining satisfaction.
CASHIER's integrated solutions combines seating, ordering, and checkout services, providing a smooth and automated consumer experience from beginning to end.
#CASHIER # ChienTuShabuShabu #restaurantautomation #MasterworkAutomodules
Imagine how effortless it would be to manage MA’s Cash Deposit Systems if they feature AUTO UPDATES, which secures BETTER PERFORMANCE, SEAMLESS SERVICE and… most important of all – the currency adaptations that ensure MA’s Cash Deposit Systems are ready to validate them in a very short while, whenever a new version or denomination is announced.
Contact us to receive more information of how to activate AUTO UPDATES on your Cash Deposit System.
Come and join us at the 2021 Cannabis Conference at the Paris Las Vegas Hotel & Casino!
Learn more about Masterwork Automodules’ smart cash management portfolio, and this will be the very first time to experience first hand on CASHPoint Pay’s accelerated self-checkout process, as well as RAY series’ till flow and security optimization.
This is also be the very first event that we team up with our US strategy partner Smart Safe USA, so make sure you don't miss the chance to witness our solutions in person. From August 24th to 26th, stop by booth #719 and chat with us!
Choose one from our full portfolio that fits your business back office, both feature smart cash management and improves security.
KUAN series for a massive amount of cash depositing to accelerate the end-of-day process.
RAY series supports complete till-flow with its cash recycling capability to enhance the operation procedures.
Find out more from our website or contact our sales.
When it comes to Retail Cash Handling Solution, Masterwork offers different portfolio for different size of retailers.
For supermarkets, NC6500 and JIAN simplify front end transactions, while BEAM and CDS² provides light-weighted till flow and end of day, also maintains secure cash storage in the back office.
For larger-scaled hypermarkets, optimize workflow with CashPointPay for self-check-out, and accelerate the till flow and end of day process with KUAN and RAY.
Enhance consumer experience and lower labor costs by building a competitive and precise cash processing with Masterwork Automodules's Cash Handling Solutions.
Imagine a world without Cash Handling Solutions…
Hours of labor spent on the simple task of counting cash…
Manually logging transactions may result in errors and extra effort to reconcile discrepancy…
Unable to ensure the safety of cash storage…
4. Counterfeit Predicament
Hard to identify between counterfeit and genuine notes…
Without the right foundations of a Cash Handling Solution, maintaining your cash management is like building a tower on quicksand…
The Cash Deposit System by Masterwork Automodules combines every aspect of the cash management operation flow, from user logs and cloud data, to CIT security and breach notifications, we bring to you a comprehensive and augmented consumer experience.
Enhance your Cash Handling Solutions with MA's DRAGONCloud!
Access all critical data you need to know about your Cash Deposit Systems. From overview reports generated by real-time dashboard, to daily logs displaying a variety of detailed transaction info. DRAGON Cloud brings accessibility, efficiency and security, maximizing value of “Cash Automation”
CASHIER, a game-changing revolutionary kiosk series built from ground-up, innovated to maximize the flexibility and integration capability to POS / system, thoroughly improves the efficiency and the overall work-flow at the meantime.
Cutting edge cash modules, are able to recycle banknote and coins, all in one at a perfectly ideal product footprint.
See CASHIER in live action :
Prepaid Mode : https://youtu.be/xDodtRIIZzU
Post Pay Mode : https://youtu.be/KZecYJ7ibjI
Food Court Solution : https://youtu.be/HyJ8UllbL7E
NC9500 is by far the most powerful fitness sorter in the MA’s product portfolio, featuring expandable modular stacker design that comes with options of 200-note / 500-note capacity to process even more banknotes in single operation; plus enhanced and reliable banknote authentication and fitness-sorting.
NC7500 Heavy Duty 2-Pocket Fitness Sorter, designed to achieve growing demands for efficient cash management in back office processes.
Mechanical design with reliable sensor set provide cutting edge solution for back office processing that allow increase in efficiency and cost reduction.
See NC7500 in action:
Meet CDS2, the newest concept to enhance the versatility of MA's iconic CDS product line; which consists of both depositing and recycling modules for both notes and coins.
Delivering excellent and reliable performance, visibility and control of cash inventory to satisfy the retailers with cutting-edge technology, which remarkably accelerates the cash transactions, from start/end of shift and day to CIT pickups, 24/7 monitored and secured to optimize retail business operations.
Automating the cash handling adds a ddk3gigital record of transactions throughout the whole process, to reduce risks of exposing cash and robust the efficiency.
video : https://youtu.be/-qCWzrG28vc
Smart and innovative solution for retailer cash management, CASHPoint Pay consists of a banknote recycler and a coin recycler which is designed and engineered to meet cash automation demand of small-mid size retailers. It allows the retailers to accelerate cash transactions, less cash exposure and minimize cash shrinkage so the customer relation can be focused and improved. Supports CIT pickups and 24-7 monitoring to secure and optimize business operations.
MA’s fitness sorter line features cash conciliation function, to verify notes deposited via MA’s cash deposit systems by comparing the serial number of the notes. Which is one of the best features among MA’s cash handling solution used to secure the last process in CIT’s count room.
MA's full CASH Handling Solutions all feature "4-Eye Principle", an OTP generated randomly from the DRAGONCloud by the CIT HQ + physical keypad password hold by the CIT guards to secure the cash. Check this video to see how it works in action.
Your participation made our latest product launch webinars delight and wonderful, THANK YOU for being with us, where we introduced:
CDS Square | Cash Deposit & Recycler System
CASHPoint Pay | Front Office Payment System
If however you missed any of them or you’d like to watch it once again, we have recorded video. Please contact our sales for the link to the videos.
Meanwhile, follow our social media posts to ensure you always receive our latest news at first place.
Meet MA's CASHPoint Pay, the Front Office Payment System that offers a whole new level of #CashAutomation which benefits the small-mid size #retailers and customers in 360-degree perspectives.
integratable to your existing #POS system or #SelfCheckOut Kiosk. Accepts and recycles multiple denominations of both notes and coins, even accepts multi-currency and gives local currency in change.
Eliminating headaches for retailers, such as cash exposure and shrinkage. Secure and real-time monitoring transaction and machine status.
A short video just before the official launch of our latest cash processing solution-CASHPoint Pay.
If you have not obtained the webinar link, please contact us.
See MA's CASHPoint Pay, which is a brand new level of #CashAutomation, which provides benefits for small and medium #retailers and customers from a 360-degree perspective.
Integrate into your existing #POS system or #SelfCheckOut Kiosk. Accept and recycle multiple aspects of banknotes and coins, and even accept multiple currencies, and bring changes to local currencies.
Eliminate headaches for retailers, such as cash exposure and reduction. Secure real-time monitoring of transactions and machine status.
RAY Maxi | RAY Ultra are the very first cash recycling solutions from MA, built to reduce cash shortage and exposure. Supported by MA's Dragon Cloud that enables instant monitoring and improves transaction time.
If you missed our product launch webinar last week, check this video to see how CDS Square fits into small-mid size cash spots, to eliminate the headaches from cash handling.
Plug-n-play and expandable cash modules to either deposit or recycling both coins and notes. Highly flexible and secured at the same time economically automates till floats cash processing.
Today, Masterwork Automodules celebrates its 17th anniversary! This is a considerable journey. We would like to thank you all for your support and provide us with the motivation to make all this possible.
We started as a humble supplier of products dedicated to cash handling, developing business with banks, casinos, etc. As of today, we have successfully expanded to establish partners in CIT, retailers, clinics and restaurants that turn to key solutions Relationship. We are proud that we have achieved so far, it would be impossible without you!
We are very grateful, no words can express our sincere gratitude for your continued support! Our future journey will be more challenging, but we are always ready to stand with you and strive to find more possibilities.
NC7500 Two-Pocket Fitness Sorter features Ultra High Speed that processes up to 1600 notes per minute, efficiency improved by an identical scale comparing to our NC7100.
The wait is almost over, are you ready for the CDS Square product launch webinar? where we’d like to walk you through all about this whole new concept.
contact our sales now to find out how to participate this event and save the day for us!!
With our first deployment of CASHIER x Clinics Solution, a smart application to reduce contact and optimize the registration process.
By integrating the backend software and Taiwan’s National Health Insurance Card to CASHIER, not only the patients can register their appointments but also accept payments.
Check this video to find out more
It’s an easy task to upgrade to feature 500-Note Add. Stacker from your original NC9500.
Having a combination of 200-Note Stackers and 500-Note Stackers is also possible, check this video to find out how this is done.
MA’s innovation pace never rests as we’re officially announcing a whole new application on our CASHIER Smart Payment Kiosk – Self Service Currency Exchange.
With the advantage of our worldwide notes authentication database, CASHIER is able to accept various of foreign currency notes to exchange local currency notes and coins.
This leading application is also capable of integrating MA’s very own AI Face Recognition Technology to capture user’s facial identity if required in terms of law.
Watch this video to find out more about CASHIER x Currency Exchange!
MA’s Cash Handling Solutions is being shaped to the next level : introducing CDS Sq, the new element that empowering the retail with its automatic Till Flow, which covers deposit and recycle for both notes and coins.
Follow our social media as we have scheduled a webinar to tell you more about CDS Sq.
As the year of BULL is just around the corner, we’d like to wish you and your love ones with very best wishes for your happiness throughout the year.
A big THANK YOU for those who has taken part of our 4 product launch webinars, where we get to introduce:
RAY Series Cash Recycling System
NC7500 Heavy Duty 2-Pocket Fitness Sorter
NC9500 Multi-Stacker Fitness Sorter
Compac S Coin Deposit Sidecar for KUAN / BEAM
If however you missed any of them or you’d like to watch it once again, we have recorded video. Please contact our sales for the link to the videos.
Meanwhile, stay focused on our social media post wall in case you are not informed at first place, that we have scheduled another 2 product launch webinars sometime in the beginning of next quarter, so see you soon!!
It's been a while since we posted the teaser for announcing the Compac S, Coin Deposit Sidecar for MA's Cash Deposit Systems. We're finally ready to unveil it.
This isn't the last product that we'd like to introduce to you in 2021, but probably the most exciting one as it leads to what we have already planned down the road to expand our portfolio even wider.
Contact our sales now to find out how to participate this event and save the day for us!!
It's time to meet MA's NC7500, the first new member of our fitness sorter line in 2021.
Developed from the solid foundation of our hot-selling NC7100, enhanced to bring the user experience and performance to a whole new level.
Watch the video down below to be the first witnessing another new products among many that we’d like to introduce.
Stay tuned as we’re organizing a webinar to present NC7500 to you.
Now here’s something new that we can’t wait to share with all of our partners and future partners.
After a restless process of design and development, our latest solution line is finally ready for launch.
Masterwork Automodules proudly presents - Teller Cash Recycler Series.
Starting from Monday, Dec 21st 2020, you’re more than welcome to be part of the product presentation Webinar that will take place in the last week of this year in order that we all get into a new year with fresh ideas and possibilities.
We are looking for a high-performing Sales Manager to help us meet our customer acquisition and revenue growth targets by keeping our company competitive and innovative. You will be responsible for maximizing our sales, crafting sales plans and achieving sales goals.
The European Central Bank unveiled the new €50 note on 5th July 2016, and planned to release to circulation on 4th April 2017.
Like the €20 note, the new €50 note will incorporate with some high-tech security features to against counterfeiting. The new €50 note continues the theme of “ages and styles” from the first series and features Renaissance style and the main color is “orange”. You to find out more about more about the new €50 note security features on ECB official site.
As a member of ECB’s outreach program member, Masterwork Automodules has already got the new €50 database prepared for its products, and can be upgraded any time. Please contact us for supports to upgrade your MA machines for this new adaptation.
Seventeen elaborately forged $100 notes with 2003 printings have been discovered in the country, the nation’s spy agency said Thursday.
According to the National Intelligence Service (NIS), the so-called "super notes" were found when a Korean traveler, who visited Indonesia in late May, exchanged his U.S. currency recently at a local bank after returning home.
The bills were found to have almost the same defects as 1,400 counterfeit $100 bills with 2001 printings found in April, the NIS said.
On April 12, police caught four people who attempted to circulate the largest-ever amount of forged U.S. notes after smuggling them in from China.
The newly found bills were forged with such sophistication that it’s hard even for experts and investigators to distinguish them from genuine notes without up-to-date testing devices.
The intelligence agency added that these forged notes have been widely circulated in China and Southeast Asian countries such as Indonesia and the Philippines.
The agency recommended the public to have their $100 bills checked with the latest forgery detectors or by experts. Travelers are also advised to be extra careful when they exchange money at a small money exchange institute overseas.
The NIS also plans to inform bank officials of the characteristics of recent forgeries and hand out booklets containing related information.
According to the Bank of Korea, a total of 189 counterfeit $100 bills were discovered in the country in 2001. The number surged to 286 in 2002, 544 in 2003 and 667 in 2004.
Meanwhile, 2,508 counterfeit 5,000-won ($5) banknotes were found in the first quarter of the year, with 619 units of fake 10,000-won bills, the central bank said.
Police in McMinnville said they’ve never seen counterfeit money of such good quality before, and they believe more of it may be circulating.
The flaws in the bills can be seen under a light, but not by the ultraviolet pens many store clerks use to detect counterfeit money. Several bills were discovered last weekend at a McMinnville bank and a nearby WalMart, and investigators said the bills were difficult to detect because they were made from actual cotton fiber notes from the U.S. Mint.
"There’s a chemical they put in it and it actually lifts the ink from the paper, and basically you come out with just the white piece of paper, and they in return scan it off into a denomination they choose," said McMinnville Police Investigator Marty Cantrell.
The bills discovered over the weekend were $100’s, which were larger than the bills that are normally counterfeited. Cantrell said those bills also had other signs of being counterfeit.
"The serial number here on this bill and here on this bill are identical. So basically, that tells us obviously they counterfeited the same bill to make these two," Cantrell said.
Clerks working registers are trained to feel for phony cash. One cashier who heard about the counterfeit bills in McMinnville ordered more ultraviolet pens just to be prepared.
"We mark everything that is a $20 bill and up...every bill that we get, even out of the ATM," Donna Waller said.
Investigators said this isn’t the first time the city has seen counterfeit bills, and they were concerned that more bills of different denominations may surface.
"It’s possible for anything. There could very well be other ones coming," Cantrell said.
Police say you should call them if you think you have a counterfeit bill.
Civilian and military law-enforcement officials met at Yokosuka Naval Base, Japan, recently for a primer on detecting counterfeit U.S. dollars led by a Secret Service agent from Hawaii.
The 76 participants from U.S. and Japanese agencies learned some of the ways counterfeits are produced and ways to detect them, according to Naval Criminal Investigative Service investigator Stacey V. Nelson.
The Yokosuka office of NCIS hosted the training, led by Special Agent Anthony Opie from the U.S. Secret Service Hawaii Field Office.
Opie told participants that sophisticated counterfeit currency has appeared throughout Asia, most likely created by foreign criminal groups, according to an NCIS statement on the training.
However, Opie said, the more prevalent counterfeiters today make bills using home computers and sophisticated copying machines.
Participants came from NCIS, as well as the Air Force Office of Special Investigations; Army Criminal Investigations Division; Yokosuka and Naval Air Facility Atsugi security departments; and Army Military Police Investigations.
Nonmilitary U.S. participants included the U.S. Drug Enforcement Agency and Immigration and Customs Enforcement.
Japanese investigators from the Japan Maritime Self-Defense Force Criminal Investigation Division; Japan National Police; Japanese Customs; and the Japanese coast guard also participated, Nelson said.
According to recent news and government reports, counterfeit U.S. currency in Asia is a growing concern for law-enforcement agencies, but it’s not necessarily a new phenomenon.
In the mid-1990s, a rash of exceptional forgeries called "super notes" was discovered in Japan and many Southeast Asian countries, most likely emanating from North Korea, according to news reports at the time.
Since then, the U.S. Treasury Department issued a new series of redesigned notes.
But the new bills also are at risk. Earlier this month, the Wall Street Journal reported a bust of forged dollars in Taiwan in August that appeared to be similar in quality to super notes.
According to the article, investigators found $140,000 worth of fake bills, and some investigators in Taiwan suggested the find was just a fraction of the high-quality forgeries circulating in the region.
NCIS recommends that anyone who comes across suspected counterfeit U.S. currency retain the bills and note the passer’s description, identification, companions and vehicle if possible. Contact base security officials immediately.
For more information, visit the Secret Service Web site’s "Know Your Money" section at www.secretservice.gov/know_your_money.shtml.
The origin of the fake $100 bills circulating Winona is unknown to police, but they said whoever created them did a good job.
The bills appear convincing until you hold them up to the light, police said. To the right of the $100 bill’s Benjamin Franklin is a watermarked image of the $5 bill’s Abraham Lincoln.
This means the fakers are washing, or bleaching, ink from original $5 notes and printing high quality $100 bill images on original $5 treasury paper, police said Thursday.
"We just want to make it known to people that (the bills) are very good," said Paul Bostrack, deputy chief.
The typical safeguard used by cashiers and clerks, a marker pen that shows the bill is on fake stock, won’t work on these, he said.
Police announced yet another counterfeit $100 bill, this one turning up Wednesday at Winona National Bank’s West Broadway building, passed at a Winona business on Tuesday. This is the sixth one reported in a week in Winona.
John McCullough, executive director of the Retailers Protection Association in Minnesota, said the method used to make the Winona bills is not common.
"This is fairly new," he said. "We saw it about five years ago, a case, but that was a traveling group."
Similar counterfeit bills are showing up in Wisconsin, McCullough said.
"I would guess it’s a strong possibility it’s the same group," he said. "They’ll try to come through town, particularly during vacation seasons, and lay this fraud down before anybody can pick up on it, and quite frankly that’s why small towns are often hit the hardest."
Counterfeiters often scan money with computer equipment and print new money on non-treasury paper. Police Chief Frank Pomeroy said this has been the source of Winona’s counterfeit bills in the last few years.
"These are good," he said of the recent money.
McCullough said computer printers create much less convincing bills.
"The paper is really tough to get right," he said. "The feel isn’t right, it tears. It’s very tough to replicate the texture of a real bill."
According to the U.S. Secret Service, $47.5 million in counterfeit money was discovered in circulation in 2002. Of this amount, 39 percent was computer generated, compared with only 0.5 percent of the counterfeit currency seized in 1995.
According to Winona Police, the other fake $100 bills are two passed April 27 at ShopKo, one passed last week at Target and two detected Monday at Kmart.
Because of frequent handling, it is nearly impossible to pull perpetrators’ fingerprints from the bills, Bostrack said.
John Kirkwood, special agent in charge of the U.S. Secret Service office in Minneapolis, said bills similar to those circulating in Winona have turned up elsewhere in the state recently and are called "bleached notes."
"It’s a time consuming way of counterfeiting," Kirkwood said.
It’s also risky. The maximum penalty for making and circulating counterfeit bills is 15 years in prison, he said.
There is a "pretty good chance" the bills were made by the same source, Kirkwood said. The best way to detect a counterfeit is to compare a suspect bill with a known genuine note, he said.
While most people believe the Secret Service’s sole charge is protecting presidents, its original role was rooting out counterfeits, Kirkwood said.
The service was created in 1865 at the end of the Civil War, when up to a third of all currency in circulation was counterfeit, Kirkwood said. It was only after President William McKinley was shot in 1901 that the Secret Service took on the more familiar mission of guarding top government officials, he said.
The Secret Service was part of the Department of Treasury until two years ago, when it was moved to Homeland Security, Kirkwood said.
Reporter Jeff Dankert can be reached at (507) 453-3513, or e-mail: firstname.lastname@example.org.