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Tim Driscoll Appointed to the Board of the International Tax Stamp Association

ADDISON, Texas, September 30, 2019 – Authentix®, the authority in authentication and information services, announced that its Senior Vice President and General Manager of Currency and Tax Stamp, Tim Driscoll, Ph.D., has been appointed to the board of directors of the International Tax Stamp Association (ITSA). According to the ITSA, the addition of Dr. Driscoll, as well as two other new members, aims to cement the trade body’s reputation as an authoritative voice on illicit global trade and effective revenue protection solutions.

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

The International Tax Stamp Association is a not-for-profit organization working to ensure a better understanding of the benefits of tax stamps and tax stamp technology. ITSA promotes high professional standards through education, research and advocacy, and develops as well as promotes best practices. ITSA is led by seven board members and consists of 23 high-profile companies and stakeholders who recognize the critical role of tax stamps. Membership is open to legally incorporated companies that supply tax stamp components and features, finished tax stamps, equipment for stamp design, manufacture, application and authentication, and systems for coding and marketing stamps.

“Authentix has been impressed by the organization’s progress and global leadership in promoting best practices and standards for the implementation of effective tax stamp programs. I am looking forward to assisting the leadership team and continue these efforts to demonstrate how excise tax protection programs can help governments increase tax revenue collection, protect the health of their citizens, and promote economic expansion” said Driscoll.

Authentix provides authentication and track and trace solutions for governments, central banks and commercial products. Driscoll has played a critical role in expanding the company’s tax stamp division with the launch of the Ghana Revenue Authority program.  Today, Authentix supplies and manages multiple excise tax recovery programs for national governments across the globe and produces in excess of 10 billion stamps annually. Authentix recently demonstrated its commitment to expanding market share in offering tax stamp solutions through the acquisition of UK-based Security Print Solutions (SPS), one of the premier Intergraf certified security printers in the business.  This acquisition expanded Authentix’s print capacity and global delivery capability and also opened up new markets in high security documents. Dr. Driscoll has also been leading the company’s expansion into the banknote protection industry through design, development and implementation of Level 3 security solutions for multiple central banks worldwide.

More than 150 revenue agencies (national and state governments) globally use tax stamps to enforce collection of duties and excise tax payments, involving the worldwide production of some 150 billion units annually. As well as providing visible proof of tax payment and revenue collection, tax stamps have also taken on product authentication, anti-tampering and track and trace applications. More information can be found at www.tax-stamps.org and www.authentix.com/governments/taxstamp.

About Authentix

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage. Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

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COVID-19 Policy Statement


v1.03.17.2020

At Authentix, our mission to safeguard the integrity of global commerce is our priority as we continue to focus on customer needs with the challenges presented by the COVID-19 health emergency. Our corporate leadership team is monitoring the situation closely and its potential impact on supply chain continuity.

Our first and foremost commitment is to the health and safety of all Authentix employees. As we have said when faced with other similar infectious disease situations, we will never force Authentix employees to travel to geographic areas where they are uncomfortable or that present an increased risk of exposure to infectious disease.

Effective through April 30, 2020, we have closed the Addison Texas Facility to all personnel who do not require facility equipment to conduct their job, allowing for only those functions such as production/shipping/testing as needed to continue to serve our customers. We have banned all visitors to the Addison Texas Facility as well. We encourage all Authentix sites to enact a similar ban for employee safety and to restrict visitors, but realize this restriction is subject to local needs. We have further banned all air/train travel for all employees for Authentix business purposes. We ask that all customers, vendors or suppliers support these efforts and for those who present themselves at Authentix locations to respect and adhere to our policies and procedures that may limit access on this temporary basis.

We will continue to communicate regularly with our suppliers and updating contingency plans to ensure against any adverse impact or disruption to our customers, acknowledging that we are however subject to continued government restrictions and limited availability of transportation that may continue during this time. We encourage you to reach out to your Authentix point of contact with any questions or concerns.

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