This article includes a list of general references, but it remains largely unverified because it lacks sufficient corresponding inline citations . (October 2013) (Learn how and when to remove this template message)
|Industry||Manufacturing, Financial Solutions[ buzzword ], Printing|
|William J. Brown, CEO|
ABCorp is an American corporation providing contract manufacturing and related services to the authentication, payment and secure access business sectors. Its history dates back to 1795 as a secure engraver and printer, and assisting the newly formed First Bank of the United States to design and produce more counterfeit resistant currency. The company has facilities in the United States, Canada, Australia, and New Zealand. The American Bank Note Company is a wholly owned subsidiary of ABCorp.
Robert Scot, the first official engraver of the young U.S. Mint, began the company that would eventually grow into a high security engraving and printing firm, the American Bank Note Company.
Founded in 1795 as Murray, Draper, Fairman & Company after Scot's three partners, the company prospered as United States population expanded and financial institutions proliferated. Its products included stock and bond certificates, paper currency for the nation's thousands of state-chartered banks, postage stamps (from 1879 to 1894), and a wide variety of other engraved and printed items. Two security printers absorbed into the ABN in 1879 produced U. S. Postage stamps between 1861 and that year: the National Bank Note Company (1861-73) and the Continental Banknote Company (1873-79).
On April 29, 1858, following the Panic of 1857, seven prominent security printers merged to form the American Bank Note Company. The new company made New York City its headquarters. Less than two years later, the remaining handful of independent bank note printers merged to form the National Bank Note Company.
To be close to the stock exchanges, brokerage firms, and banks in lower Manhattan, the American Bank Note Company established its headquarters in the Merchants Exchange Building at 55 Wall Street in Manhattan. The company moved its office and plant to 142 Broadway (at the corner of Liberty Street) in 1867, to another new facility at 78–86 Trinity Place in 1882, and again to 70 Broad Street in 1908.
The first federally issued paper currency was circulated by the US Treasury Department following the outbreak of the American Civil War. Congress passed authorizing legislation for $60 million worth of these "Demand Notes" on July 17 and August 5, 1861. Under contract with the government, the novel paper money, called "greenbacks" by the public, was produced by the American Bank Note Co. and the National Bank Note Co. A total of 7.25 million notes were produced in denominations of $5, $10, and $20. American and National were also producing paper money for the Confederacy at the same time.
Following the initial production of U.S. currency by the government's Bureau of Engraving and Printing in 1862, ABNCo sought a new business abroad. The company eventually supplied security paper and bank notes to 115 foreign countries.
In 1877 Congress mandated that the U.S. Bureau of Engraving and Printing be the sole producer of all United States currency. The security printing industry, finding a good deal of its work had evaporated, accordingly underwent a second major consolidation in 1879, as American absorbed the National Bank Note and Continental Bank Note companies. At the time of the merger, Continental held the contract to produce U. S. Postage stamps, and this production continued under American.
In 1887, ABNCo won the second four-year contract to engrave and print postal notes for the U.S. post office. (New York's Homer Lee Bank Note Company produced these notes during the first contract period.) American assigned Thomas F. Morris, its Chief Designer, the task of re-designing this early money order. The paper for this contract (as for all Postal Notes and a massive number of official U.S. high security documents) was produced by Crane and Co. of Dalton, Massachusetts.
In 1891 the American Bank Note Company began producing a new form of negotiable instrument for a longtime customer: the American Express “Traveler's Cheque” demand notes. In its first year, American Express sold $9,120 worth the product.
In 1894, ABNCo completed the final contract for the private printing of American stamps. Perhaps the most popular were the Columbian Issue, one cent to $5 issues commemorating the voyages of Christopher Columbus and the 1892–93 Columbian Exposition in Chicago (for which they also printed the admission tickets). On July 1, 1894, American delivered its entire stamp-producing operation to the U.S. Bureau of Engraving and Printing in Washington, D.C., where U.S. stamps were still printed up into the 1990s.
This section needs expansion. You can help by adding to it. (October 2013)
In 1933, the company printed the second series of Bank Melli Iran banknotes.
In 1943 the U.S. Post Office launched a series of thirteen stamps honoring the countries that had been overrun by the Axis during World War II. Each stamp featured a full-color reproduction of one of the occupied nations. While the Bureau of Engraving and Printing had previously issued bi-colored stamps, it did not have equipment for printing the necessary multi-colored flag images; and so, contracted with the American Banknote Company to produce the stamps. Issued between June 1943 and November 1944, the Overrun Countries series reproduced the flags of Poland, Czechoslovakia, Norway, Luxembourg, the Netherlands, Belgium, France, Greece, Yugoslavia, Albania, Austria, Denmark, and Korea,
American Banknote Corporation is headquartered in Stamford, Connecticut, with North American manufacturing facilities located in Boston, Massachusetts, and Toronto, Ontario, and distribution services located in Columbia, Tennessee.
Today, ABCorp offers a wide variety of products and services touching each of the commercial, financial, and government and non-profit sectors ranging from dual-interface (contactless) payment debit and credit cards to B2B[ clarification needed ] distribution services touching 60,000+ retail storefronts. The company's operations are located in Australia, New Zealand, United States, and Canada, but its customers are located in 100+ countries across the globe.
The American Bank Note Company Building and American Bank Note Company Printing Plant were both built in 1908 and are both designated New York City Landmarks. The former is also listed on the U.S. National Register of Historic Places. The buildings were sold in 1988 and 1985, respectively.
Federal Reserve Notes, also United States banknotes, are the currently issued banknotes of the United States dollar. The United States Bureau of Engraving and Printing produces the notes under the authority of the Federal Reserve Act of 1913 and issues them to the Federal Reserve Banks at the discretion of the Board of Governors of the Federal Reserve System. The Reserve Banks then circulate the notes to their member banks, at which point they become liabilities of the Reserve Banks and obligations of the United States.
A banknote is a type of negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes were originally issued by commercial banks, which were legally required to redeem the notes for legal tender when presented to the chief cashier of the originating bank. These commercial banknotes only traded at face value in the market served by the issuing bank. Commercial banknotes have primarily been replaced by national banknotes issued by central banks or monetary authorities.
The Bureau of Engraving and Printing (BEP) is a government agency within the United States Department of the Treasury that designs and produces a variety of security products for the United States government, most notable of which is Federal Reserve Notes for the Federal Reserve, the nation's central bank. In addition to paper currency, the BEP produces Treasury securities; military commissions and award certificates; invitations and admission cards; and many different types of identification cards, forms, and other special security documents for a variety of government agencies. The BEP does not produce coins; all coinage is produced by the United States Mint. With production facilities in Washington, D.C., and Fort Worth, Texas, the Bureau of Engraving and Printing is the largest producer of government security documents in the United States.
Messrs. Perkins, Bacon & Co was a printer of books, bank notes and postage stamps, most notable for printing the Penny Black, the world's first adhesive postage stamps, in 1840.
Large denominations of United States currency greater than $100 were circulated by the United States Treasury until 1969. Since then, U.S. dollar banknotes have only been issued in seven denominations: $1, $2, $5, $10, $20, $50, and $100.
De La Rue plc is a British company headquartered in Basingstoke, England that manufactures polymer and security printed products including banknotes and tax stamps. It also has a factory on the Team Valley Trading Estate in Gateshead, and other facilities in Debden in Essex and Westhoughton in Bolton. It is listed on the London Stock Exchange.
Postal notes were the specialized money order successors to the United States Department of the Treasury's postage and fractional currency. They were created so Americans could safely and inexpensively send sums of money under $5 to distant places.
The Confederate States dollar was first issued just before the outbreak of the American Civil War by the newly formed Confederacy. It was not backed by hard assets, but simply by a promise to pay the bearer after the war, on the prospect of Southern victory and independence. As the Civil War progressed and victory for the South seemed less and less likely, its value declined. After the Confederacy's defeat, its money had no value, and both individuals and banks lost large sums.
Crane Currency is a manufacturer of cotton based paper products used in the printing of banknotes, passports, and other secure documents.
Bradbury Wilkinson & Co were an English engraver and printer of banknotes, postage stamps and share certificates.
Waterlow and Sons Limited was a major worldwide engraver of currency, postage stamps, stocks and bond certificates based in London, Watford and Dunstable in England. The company was founded as a family business in 1810. It was acquired in 1961 by De La Rue.
Fractional currency, also referred to as shinplasters, was introduced by the United States federal government following the outbreak of the Civil War. These low-denomination banknotes of the United States dollar were in use between 21 August 1862 and 15 February 1876, and issued in denominations of 3, 5, 10, 15, 25, and 50 cents across five issuing periods. The complete type set below is part of the National Numismatic Collection, housed at the National Museum of American History, part of the Smithsonian Institution.
The Columbian Issue, often known as simply the Columbians, is a set of 16 postage stamps issued by the United States to commemorate the World's Columbian Exposition held in Chicago during 1893. The finely-engraved stamps were the first commemorative stamps issued by the United States, depicting various events during the career of Christopher Columbus and are presently much valued by collectors.
This page is a glossary of notaphily. Notaphily is the study of paper money or banknotes.
Canadian Landscape is the third series of banknotes of the Canadian dollar issued by the Bank of Canada, first circulated in 1954. The banknotes were designed in 1952 following the accession of Elizabeth II to the throne after the death of her father George VI. The banknote designs differed significantly from the preceding 1937 Series banknotes, though the denomination colours and bilingual printing were retained. This series was followed by the 1969 Scenes of Canada series.
The Homer Lee Bank Note Company was a producer of postage stamps and currency and was founded in New York City by artist, engraver, and inventor Homer Lee. In 1891, it was absorbed into the American Bank Note Company.
Harrison and Sons was a major worldwide engraver and printer of postage stamps and banknotes.
Presidents of the United States have frequently appeared on U.S. postage stamps since the mid-19th century. The United States Post Office Department released its first two postage stamps in 1847, featuring George Washington on one, and Benjamin Franklin on the other. The advent of presidents on postage stamps has been definitive to U.S. postage stamp design since the first issues were released and set the precedent that U.S. stamp designs would follow for many generations.
In early 18th century Colonial America, engravers began experimenting with copper plates as an alternative medium to wood. Applied to the production of paper currency, copper-plate engraving allowed for greater detail and production during printing. It was the transition to steel engraving that enabled banknote design and printing to rapidly advance in the United States during the 19th century.
A silver certificate is a certificate of ownership that silver owners hold instead of storing the actual silver. Several countries have issued silver certificates, including Cuba, the Netherlands, and the United States. Silver certificates have also been privately issued by various mints and bullion companies. One example was the Liberty Dollar issued by NORFED from 1998 to 2009.
|Wikimedia Commons has media related to American Bank Note Company .|