SNBC won the China Patent Excellence Award

On July 26, the State Intellectual Property Office issued the authorization decision on the 23rd China Patent Award. The invention patent "Banknote Identification Method and Device (Patent No.: ZL 201210301344.7)" declared by Shandong New Beiyang Information Technology Co., Ltd.（SNBC）stood out among others and won the China Patent Excellence Award. This is the second "China Patent Excellence Award" obtained by the company after the invention patent "Thermal Print Head (Patent No.: ZL 99221577.3)". Another honor of "national prefix" after honors such as model enterprises.

The research and development of this patented technology stems from the special needs of the financial sector where it is difficult to identify illegally altered currency. With the popularization and promotion of automatic equipment such as cash deposit and recycling machines, how to improve the accuracy of banknote authenticity identification has always been the core issue in the field of banknote identification.

As a well-known provider of financial smart equipment and solutions in China, based on the needs of the industry, SNBC has innovatively developed the patented technology of "banknote identification method and device" for the identification of altered currency with the leading technical experience accumulated in the field of banknote image processing. The patented technology divides the obtained full-scale grayscale image of the banknote to be tested into multiple regions, and compares whether the feature value of each region matches the feature value of the corresponding region in the banknote template to determine whether the banknote to be tested is an altered currency. Therefore, the problem of difficult identification of altered currency, especially seamless altered currency, is effectively solved. At present, the patented technology has been widely used in SNBC's banknote sorter, teller cash recycler, cash deposit machine, cash recycling system and other cash processing equipment, improving the detection of altered currency. Efficiency and identification of security levels, greatly reduce the missed detection rate of altered currency, and effectively maintain the order of the financial industry and the interests of the public.