Oberthur Cash Protection is a French manufacturer of Intelligent Banknote Neutralisation Systems to protect cash, based in Dijon, France. Established in 1985, the company holds one of the first IBNS

patents A patent is a type of intellectual property that gives its owner the legal right to exclude others from making, using, or selling an invention for a limited period of time in exchange for publishing an enabling disclosure of the invention."A p ...

to protect valuables by neutralizing them with inkLink to original IBNS patent
as a neutralization agent, Patent record AU 582732 from 1983-08-05. and, as of 2011, is the largest manufacturer of such systems in the world, with over 60,000 systems installed.

History

In 1983 Oberthur Cash Protection (operating as Axytrans, part of Axytel - a company specialized in the design and manufacture of

credit cards A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt (i.e., promise to the card issuer to pay them for the amounts plus the o ...

and

checks Check or cheque, may refer to: Places * Check, Virginia Arts, entertainment, and media * ''Check'' (film), a 2021 Indian Telugu-language film * ''The Checks'' (episode), a 1996 TV episode of ''Seinfeld'' Games and sports * Check (chess), a thr ...

LES ECHO, FRENCH NEWSPAPER
Perruchot, Christiane. Transports de fonds: Axytel s'allie à Monts Jura. November 14, 1991) invented the first Intelligent Banknote Neutralization System to protect

Cash-in-transit Cash-in-transit (CIT) or cash/valuables-in-transit (CVIT) is the physical transfer of banknotes, coins, credit cards and items of value from one location to another. The locations include cash centers and bank branches, ATM points, large retaile ...

using ink as a degradation agent. The invention was made in collaboration with one of Axytrans' customers, a French

company VALTIS,VALTIS, co-founder and one of the first customers of Oberthur Cash protection
, VALTIS, French Cash-in-transit company. who was searching for alternative way to protect valuables during Cash-in-transitStrategic Innovation Case Study of VALTIS
Moingeon, Bertrand. Lehmann-Ortega, Laurence. Strategic Innovation is accessible to all. HEC Paris. April – May 2010 The product, called ATV (Axytrans Transport de Valeurs) was first used in 1990 by the Belgium Post for their Cash-in-transit operation. In 1991
/ref> French law was modified to allow use of ATV on an experimental basis and the French CIT company VALTIS started using it to service three regional banks. In 1990 the post of Belgium officially addressed Oberthur Cash Protection over the Belgian Ministry of Interior for the implementation of IBNS for the transport of cash in unarmored vehicles.LESOIR, Belgian newspaper
DU BRULLE, CHRISTIAN. NOUVELLE PROTECTION POUR LES FONDS DE LA POSTE : EN CAS DE VOL TOUT EXPLOSE. LESOIR. July 31. 1990 In 1991 the French CIT company VALTIS started using the ATV to service three regional banks. In 1993 Axytrans was purchased by Group François-Charles Oberthur.Francois Charles Oberthur Mergers and Acquisitions
/ref> In 2003 the firm introduced its first Intelligent Banknote Neutralisation System to protect cash inside of the ATM. In 2007 the firm acquired Fluiditi, a part of the NCR group,Oberthur acquires Fluiditi from NCR
HUGUE, DIDIER. Axytrans reprend à NCR la sécurisation des distributeurs de billets. March 19, 2007 specializing in ATM cash protection and changed its name to Oberthur Cash Protection. In 2011 the Card Systems and Identity Division of Oberthur Technologies was bought out by Advent International. The Secure Printing Division and Cash Protection are renamed Oberthur Fiduciaire and remained under the Savare family control.

Products

Oberthur Cash Protection manufacturers Intelligent Banknote Neutralisation Systems ( IBNS) – security systems which protect valuables by marking them as stolen with indelible security ink during

, inside of retail machines, and ATMs. Such systems are often called “intelligent” because they are self-monitored and independently take actions based on a number of criteria and pre-programmed modes.Liberation, French newspaper
DENIS, DELBECQ. La parade du container à jet d'encre. Ce système réduit les risques et le personnel. LIBERATION. May 13, 2000.
Nouvelles parades antibraquages. L’EXPRESS, June 13, 2002.
OLIVIER, VAN VAERENBERGH. L'ERE DES VALISES INTELLIGENTES. April 20, 1996
Mocanu, Cristina. O nouă tehnologie în transportul de valori în România. June 13, 2007 The firm's customers are major CIT companies (

G4S G4S is a British Multinational corporation, multinational private security company headquartered in London, England. The company was set up in 2004 when London-based Securicor amalgamated with Danish firm Group 4 Falck. The company offers a ran ...

,G4S starts using RS Collect in Belgium once it has been approved by The Ministry of the Interior
, Official G4S news. Loomis,Loomis uses intelligent systems to protect cash
Official Loomis info. Brinks, Prosegur), banks ( Travelex, HBOS, Credit Agricole,

BNP Paribas BNP Paribas is a French international banking group, founded in 2000 from the merger between Banque Nationale de Paris (BNP, "National Bank of Paris") and Paribas, formerly known as the Banque de Paris et des Pays-Bas. The full name of the grou ...

Credit du Nord Credit (from Latin verb ''credit'', meaning "one believes") is the trust which allows one party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), ...

, BPCE, Banque Postale, Banque de France,

Barclays Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

Royal Bank of Canada Royal Bank of Canada (RBC; french: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has more than 89,000& ...

, CIBC,

Swedbank Swedbank AB () is a Nordic-Baltic banking group based in Stockholm, Sweden, offering retail banking, asset management, financial, and other services. In 2019 Swedbank had 900,000 private and 130,000 corporate clients and a 60% market share of ...

Raiffeisen Bank Raiffeisenbank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen. The name is found in: * Raiffeisen Bankengruppe (Austria), Austrian group of cooperative banks. ** Raiffeisen Zentralb ...

, and others), and ATM manufacturers ( NCR, Wincor Nixdorf, Diebold, retailers,RS Collect has been approved by Ministry of Interior in Belgium and can now be used in retail stores
, TF1, video coverage (French). and others) The company has more than 60, 000 Intelligent Banknote Neutralisation Systems in circulation in more than 15 countries in Europe, Africa and Oceania (

Australia Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...

, New Zealand). As of 2011 the company employs 66 people at three sites: Paris, Dijon and

Dundee Dundee (; sco, Dundee; gd, Dùn Dè or ) is Scotland's fourth-largest city and the 51st-most-populous built-up area in the United Kingdom. The mid-year population estimate for 2016 was , giving Dundee a population density of 2,478/km2 or ...

( Great Britain).

Environment

By controlling the life cycle of cash protection systems (design,

manufacture Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a rang ...

, use, recycling and disposal), Oberthur Cash Protection engages in a voluntary environmental protection. Two majors action are respected: 1. Implementation of the WEEE norm which requires the wastes recycling. The company recycles the ATV, ATM and others products to reuse different pieces for manufacturing of others products and 2. Implementation of the ROHS norm that requires taking away lead from circuit board.

References

{{Reflist

External links

Oberthur Cash Protection official site
Service companies of France Companies based in Bourgogne-Franche-Comté