The recent history of Banknote Corporation of America begins with a prominent figure in the history of security printing, Richard Sennett.
In 1979, Sennett left his position as Assistant Director for research and engineering at the Bureau of Engraving and Printing, and joined American Banknote as Executive Vice President. While at American Banknote, Sennett received the first U.S. Postal Service printing contract for postage stamps outside the Bureau of Engraving and Printing, thus inaugurating the privatization of stamp printing in the United States. In 1987, Mr. Sennett founded Sennett Enterprises and subsequently Sennett Security Products and continued to offer the USPS high quality stamp products with competitive pricing.
The company thrived in the new industry it had created, introducing many innovations. In 1995, Sennett created Unique Binders, thereby expanding its capabilities to include the finishing of stamps.
Success built upon success and by 2004, Sennett was ready to significantly enlarge its offerings. In that year, it acquired Banknote Corporation of America, a company with an exemplary history of its own. With this acquisition, Sennett assimilated the long experience and extensive expertise of BCA, and began the design and manufacture of not just stamps but security documents of all kinds.
The Sennett team of engineers, artists and technicians produce a wide range of standard-setting products for a long list of governments and private sector entities.
As the global economy unleashes new levels of brand counterfeiting, BCA is at the forefront of developing brand-protection technologies. Today, we protect some of the world’s most visible and valuable brands with a unique layering of multiple security features, incorporating traditional security features coupled with encrypted variable data, track-and-trace capabilities, and leveraging the power of custom apps with real time decoding.
While our history is remarkable, we eagerly anticipate bringing new ideas and products to our changing industry.