YPB ships tracer tech to Chinese bank

YPB has started to supply tracer and scanners for the protection of deposit certificates for one of China's 15 national banks.

Approximately 300m certificates are issued by the bank annually, according to the company, which says its anti-counterfeit solution was selected after a detailed approval process.

The full text of the press release appears below:

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Chinese bank selects YPB anti-counterfeiting solution

Anti-counterfeiting technology company YPB Group Limited has started supply of tracer and scanners to one of China’s national banks, it being the largest in terms of footprint with 77,000 branches across China.

This is YPB's first acceptance of its anti-counterfeit solution by a national bank in China and could lead to many further applications within China’s banking system. The bank chose YPB's solution because it provides high security at a low cost per application, protecting the bank and its customers against possible counterfeit with an initial focus on deposit certificates.

Research indicates there are approximately 15 national banks plus more than 30 provincial banks across China including approximately 800,000 branches. With the first bank to commence using YPB’s anti-counterfeit solution, there is a strong opportunity for more banks to follow this adoption.

YPB Group CEO John Houston said: "We are seeing a surge of interest and adoption of YPB’s invisible tracer and scanner solution, not only in China but also in Asia, USA and Australia. More and more brands, banks and governments are seeing the need to implement anti-counterfeit solutions and YPB’s is affordable and simple to execute. We are proud that this prestigious bank has selected YPB’s solution to protect its valuable documents."