Payee Positive Pay

Positive Pay Next Generation

BARCODING CHECKS FOR PORTABLE FRAUD DETECTION

Today it is easier than ever for fraudsters to duplicate checks. Institutions increasingly rely on check images, making traditional anti-fraud technologies like watermarks, micro-printing or special inks obsolete. By implementing SENTRY: Seal™, you and your commercial banking customers will be better protected against check fraud thanks to its ability to print secure barcodes with check specific data.

Official Check Verification allows banks to immediately validate checks using encrypted, image-survivable barcodes printed directly on official and bank checks. It makes check fraud detection easier and more effective than Positive pay by eliminating the need for an issue file.

With SENTRY: Seal checks are printed with a unique bar code, or seal, that securely stores vital check information, including the check amount, payee name, and the date it was issued. At the branch, the teller using SENTRY: Seal:

• Scans the check’s seal
• Views the encoded information
• Compares it to the printed text
• Decides if the check should be cashed
• Can alternatively scan the check and send it to the back office for immediate authentication and fraud detection
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Learn more about SENTRY:Seal

AUTOMATED PROCESS FOR APPROVING CHECKS ON PROTECTED ACCOUNTS

As an alternative to the manual positive pay process SENTRY: Positive Pay™ can automate this resource intensive and time consuming function.

Financial institutions also can take advantage of SENTRY: Positive Pay™ to ensure their business customers’ checks are being cashed by the intended individuals. SENTRY: Positive Pay™ will:

• Automatically review positive pay client checks
• Compare the payee name from check images against the client issue file
• Flag items that do not match the issue file for further investigation by the bank