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DNA Markers, BioMaterial, GenoTyping, DNA Authentication, Appiled DNA Sciences Cash-in-transit businesses transport and store cash and ATM cassettes. In the U.K. alone, there is an estimated £500 billion being transported each year, or £1.4 billion per day. The nature of this business makes cash-in-transit an attractive target for criminals and as a result the industry invests in excess of
£100 million per year in security equipment and devices. The incidence of cash-in-transit based crime has increased over 170% in London since 2006, according to the Metropolitan Police. Governments and banks today face the real challenge of staying ahead of increasingly sophisticated counterfeiting without sacrificing security features and banknote longevity to costs.

Cash-In-Transit FAQ

Cash-in-Transit Case Study

Loomis chose to use SigNature DNA because it offers far superior qualities in comparison to other taggants. Loomis won an award for its use of SigNature DNA from the International Association of
DNA Markers, BioMaterial, GenoTyping, DNA Authentication, Appiled DNA Sciences
Currency Affairs at their recent conference in Prague for “Best New Product, Process or Currency System.”  DNA is a form of forensic evidence trusted by police and recognized by international courts around the world. Once it is applied onto any surface, DNA resists removal. SigNature DNA is distinct from every other taggant in the market because every mark is unique, cannot be copied, or re-engineered. SigNature DNA withstands testing at physicochemical extremes and can be authenticated in a diverse range of substrates.

Applied DNA Solution
Currently, a system of cash degradation, using a smoke or liquid dye to permanently mark and essentially destroy stolen cash, is used. For our customers, SigNature DNA is included in the transport devices that discharge an intense liquid dye onto currency when the transport box is illegally accessed or moved outside of a predetermined location. The dye renders the currency easily recognized as stolen in a process known as “cash degradation. Prior to the use of SigNature DNA, when banks identify dye-degraded currency, it was simply removed from circulation without attribution to its original owner. SigNature DNA markers allow attribution of the cash, since each transport box using our system has an individualized SigNature DNA sequence. In addition to working with the companies that transport the cash boxes, we have begun to work with and train police forces throughout Europe to better enable them to identify and properly handle the DNA marked cash for use in criminal prosecution.

About Loomis
Loomis offers products and services that provide complete cash logistics solutions for financial institutions, retailers and other commercial enterprises. Loomis is present in twelve European countries and in the USA and has just over 20,000 employees. Loomis, is a world leading Cash Handling Organization and in the UK handles over £150 billion in cash annually.

For additional information, please contact our Customer Satisfaction Team.

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