Enhancing Privacy and Security in RFID-Enabled Banknotes (IEEE Symposium)

August 10, 2009

A novel and interesting application of RFID was a banknote with attached tag to determine the authenticity of money and to stop counterfeits.

At financial cryptography 2003, Juels and Pappu firstly proposed a practical RFID banknote protection scheme (RBPS) by using the optical and the electrical (RFID) contacts.
RFID-enabled notes can be tracked by the legal law agency and verified by the merchant.