System For and Method Of Paper Note Authentication and Tracking Through NFC

System For and Method Of Paper Note Authentication and Tracking Through NFC

A system for and method of paper note authentication and tracking through NFC is presented. The system and method includes utilizing an authenticating device to receive paper note data using an NFC reader, transmit the paper note data to an authenticating party, receive an authentication determinati...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: CAZANAS CARLOS A, SHAH KALPAN, PAGAN VICTOR, LEONE PHILLIP ANTHONY
Format: Patent
Sprache:eng
Schlagworte:
CHECKING-DEVICES
ELECTRIC COMMUNICATION TECHNIQUE
ELECTRICITY
HANDLING OF COINS OR OF PAPER CURRENCY OR SIMILAR VALUABLEPAPERS, e.g. TESTING, SORTING BY DENOMINATIONS, COUNTING,DISPENSING, CHANGING OR DEPOSITING
PHYSICS
TRANSMISSION
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Beschreibung
Zusammenfassung:A system for and method of paper note authentication and tracking through NFC is presented. The system and method includes utilizing an authenticating device to receive paper note data using an NFC reader, transmit the paper note data to an authenticating party, receive an authentication determination and/or additional paper note data, and authenticate the paper note where the authentication determination indicates accordingly. The system and method may further include updating the paper note data upon authentication to prevent duplicate authentication attempts.