CheckPoint™
Business customers print their checks as usual, with the sole exception of selecting the ChequeSeal Printer instead of the physical printer, the ChequeSeal Printer then will print the checks with the encrypted barcode to the physical printer.
In-clearing nightly process, when the X937 is received, ChequePoint will extract only the items for the accounts that are marked as Barcode Positive Pay account and by reading the encrypted barcode, fraudulent items will be flagged and identified for further action.
When checks are presented for payment, at the teller line, the check is scanned and fraudulent checks are identified by the encrypted barcode.
The Ultimate Solution for Check Fraud
Founded in 1991, Cheque Guard Inc is the leading innovator in cheque fraud solutions for smaller and medium-size businesses and financial institutions. Cheque Guard's Form Suite for the IBM AS/400 series, and Cheque Seal™ and Cheque Suite™ for Windows allow businesses to integrate and rapidly deploy secure, controlled cheque printing and electronic payment solutions (In the USA: Automated Clearing House (ACH)), while concurrently creating a Positive Pay file for the bank as the cheques are printed by the customer.