Counterfeit News
6/3/08 Counterfeit Money and The Problems That Go Along With It...
As counterfeit money goes into circulation, if there was enough of it the public would deposit their excess non-interest earning cash into the bank. Since a bank doesn’t earn interest on cash they would deposit it into the Federal Bank to buy interest earning funds such as T-bills.
6/2/08 How To Identify Counterfeit Money
How can you tell if the money in your wallet is counterfeit or legitimate money?There are six primary areas that you can check on your money to see if they are real or not: 1) the portrait 2) the seals 3) the border 4) serial numbers 5) the paper and 6) the raised notes
6/2/08 What Is a Counterfeit Pen and How Does it Work?
There are felt tip pens that use an iodine solution to detect counterfeit bills. These pens work by helping to identify any computer-generated bills made by counterfeiters. The United States Secret Service started that in 1995 only one-half of one percent of counterfeit money that they confiscated were done using computers and printers of some kind.
5/1/08 Magnetic Counterfeit Detectors Will Ccrack Down On Phoney Money
Magnetic counterfeit detectors are becoming a popular form of currency detection. These machines rely on small magnetic sensors to scan and confirm the legitimacy of a bill that is passed through the machine. There is an iron oxide used in the black ink of currency which provides the machine with a way of separating counterfeit from legitimate currency.
5/28/08 Counterfeit Detector Prodcuts Are Pretty Great!
Counterfeit detector machines are used to find out whether or not a piece of currency is counterfeit or legitimate. Many of these devices can be found in vending machines as they accept payment and then dispense a product to a customer. However, they can also be found in many other machines such as change machines and slot machines in a casino.
5/15/08 Counterfeit Products to Simplify the Identification Process
The term money counter often brings to mind a machine that rapidly counts bills placed into the machine. Many of these machines can count, add, stack and even detect money.Many types of businesses such as arcades, casinos, restaurants and even banks use these machines to help detect counterfeit money. They are particularly useful for companies that are handling a lot of money in a single day.
