New Technology Detects Counterfeit Stamps

According to DailyCamera.com, a new technology has been developed by Boulder, CO based software firm, Parascript, that can detect counterfeit stamps. StampVerify, a scanning program, can compare stamps against a database of known stamps, and flag any that are suspected counterfeits

It also has the capability to automatically determine the type of indicia — postage meter marks, facing identification marks and stamps — on an envelope, and whether sufficient postage has been paid.

"When fraudulent postage is detected, depending on the operational framework of the postal operations within each country, invoices are sent to the customer, who is then expected to pay the invoice properly," Yuri Prizemin, director of product marketing said of the repercussions of using counterfeit postage.

Shown above Stamp Verify project manager Sergey Ushakov, right, and software engineer Vladimir Lyapunov.

To read the entire article, click here.