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:
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: