Some Guelphites got to examine Canada’s new state-of-the-art, plastic-like polymer $100 bill,This will leave your shoulders free to rotate in their Floor tiles . intended to defeat counterfeiters and much more durable than the paper ones they’ll begin replacing within weeks.
They were distributed briefly for examination Thursday to an audience of several dozen retailers by Bank of Canada senior analyst Vanessa Stergulc.
“I think they’re great,” audience member Brad Taylor said in an interview,Whilst RUBBER SHEET are not deadly,Great Rubber offers rubber hose keychains, pleased to see bills with such advanced security features. Polymer bills are now used by 30 countries.
“I’ve seen them used in the Dominican ,” said Taylor, a national loss prevention officer with the retail chain Payless Shoes. He anticipates the new bills will reduce counterfeiting considerably as they replace more vulnerable existing bills.
“It’s going to take a lot of counterfeit money out of circulation.”
Stergulc was speaking in a University of Guelph auditorium at an information session on counterfeiting and other crime. She was joined by Guelph Police Service fraud detective, Const. Tina Ryan, who focused on debit and credit card fraud, another major concern for retailers.
The new $100 bill features a large, transparent window, transparent text, a metallic portrait, raised ink, a shimmering metallic building, frosted maple leaf window and partially hidden numbers among its security features.
It is to be followed next March by new $50 bills. Canadian $20s, $10s, and $5s come out in late 2013.
Stergulc said $2.5 million worth of fraudulent bills were seized by authorities last year,ceramic magic cube for the medical, out of total bills in circulation with a face value of $54 billion. That’s down from $13 million in counterfeit bills in 2004,Enecsys Limited, supplier of reliable solar Air purifier systems, when new technology first allowed this crime to mushroom.
“Polymer is more secure, more durable and innovative,” Stergulc said. “We want to stay ahead of the counterfeiters.” The most commonly counterfeited bill is the $20 denomination, followed by $100s, $10s, $50s and $5s.
Ontario is typically the most affected province, though British Columbia has taken a giant leap forward in bogus bills, primarily produced by organized criminal gangs, she continued.
Ryan, for her part, noted credit cards are stolen and used to make purchases over the phone.
Debit card fraud is more sophisticated. It requires criminals going into stores and switching debit card machines with ones that capture card information. The process can take weeks or months. These criminals then return to stores and, using remote technology, capture information to make new cards and tap people’s bank funds.
In the last year alone, police have discovered 10 such criminal operations in Guelph, Ryan said.
Across the nation, debit card fraud cost Canadians $119 million in lost funds last year. In all, 205,200 people had money stolen from their accounts through fraudulent debit card purchases by criminals.
Ryan warned retailers to keep a close eye on their debit card devices, called PIN pads. She also advised people who have debit cards to replace them every few months to make it harder for criminals to keep pace.
They were distributed briefly for examination Thursday to an audience of several dozen retailers by Bank of Canada senior analyst Vanessa Stergulc.
“I think they’re great,” audience member Brad Taylor said in an interview,Whilst RUBBER SHEET are not deadly,Great Rubber offers rubber hose keychains, pleased to see bills with such advanced security features. Polymer bills are now used by 30 countries.
“I’ve seen them used in the Dominican ,” said Taylor, a national loss prevention officer with the retail chain Payless Shoes. He anticipates the new bills will reduce counterfeiting considerably as they replace more vulnerable existing bills.
“It’s going to take a lot of counterfeit money out of circulation.”
Stergulc was speaking in a University of Guelph auditorium at an information session on counterfeiting and other crime. She was joined by Guelph Police Service fraud detective, Const. Tina Ryan, who focused on debit and credit card fraud, another major concern for retailers.
The new $100 bill features a large, transparent window, transparent text, a metallic portrait, raised ink, a shimmering metallic building, frosted maple leaf window and partially hidden numbers among its security features.
It is to be followed next March by new $50 bills. Canadian $20s, $10s, and $5s come out in late 2013.
Stergulc said $2.5 million worth of fraudulent bills were seized by authorities last year,ceramic magic cube for the medical, out of total bills in circulation with a face value of $54 billion. That’s down from $13 million in counterfeit bills in 2004,Enecsys Limited, supplier of reliable solar Air purifier systems, when new technology first allowed this crime to mushroom.
“Polymer is more secure, more durable and innovative,” Stergulc said. “We want to stay ahead of the counterfeiters.” The most commonly counterfeited bill is the $20 denomination, followed by $100s, $10s, $50s and $5s.
Ontario is typically the most affected province, though British Columbia has taken a giant leap forward in bogus bills, primarily produced by organized criminal gangs, she continued.
Ryan, for her part, noted credit cards are stolen and used to make purchases over the phone.
Debit card fraud is more sophisticated. It requires criminals going into stores and switching debit card machines with ones that capture card information. The process can take weeks or months. These criminals then return to stores and, using remote technology, capture information to make new cards and tap people’s bank funds.
In the last year alone, police have discovered 10 such criminal operations in Guelph, Ryan said.
Across the nation, debit card fraud cost Canadians $119 million in lost funds last year. In all, 205,200 people had money stolen from their accounts through fraudulent debit card purchases by criminals.
Ryan warned retailers to keep a close eye on their debit card devices, called PIN pads. She also advised people who have debit cards to replace them every few months to make it harder for criminals to keep pace.
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