ChequeGuard Check Fraud Prevention Solution Successfully Passes FSTC Testing.BURBANK, Calif. -- --Brutal testing by Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Technology Consortium reveals the capabilities of secure check solution to protect against fraud in Check21 image exchange --See live demonstration at BAI's National Electronic Check & Image Exchange Conference September 29 -- Baltimore, Maryland "Baltimore" redirects here. For the surrounding county, see Baltimore County, Maryland. For other uses, see Baltimore (disambiguation). Baltimore is an independent city located in the state of Maryland in the United States. ChequeGuard Inc. announced today the availability of ChequeSuite, which secures the check information when it is printed using a patented barcoding technique, and of ChequeGuard, which completes the cycle by using Inlite Research's ClearImage barcode recognition engine to read the barcode, and to then verify the information on the image. Banks can now offer easy to deploy security solutions, dramatically reducing their fraud exposure and their operating costs operating costs npl → gastos mpl operacionales . "Our experience integrating with check print streams from leading accounting and payables packages enables us to implement comprehensive payment security solutions for enterprises," explained Emil Ramzy, President of ChequeGuard, adding, "We developed a robust, patented process for assuring the security of printed checks and verifying the integrity of check information." Gene Manheim, President of Inlite Research said, "Barcodes robustly and cost effectively encode (1) To assign a code to represent data, such as a parts code. Contrast with decode. (2) To convert from one format or signal to another. See codec and D/A converter. (3) The term is sometimes erroneously used for "encrypt. security features on check images. We're excited to contribute to the development of secure check image exchange." Americans write 48 billion checks each year. Last year, Congress passed the "Check Clearing for the Twenty First Century" act, also known as Check21 which takes effect this October. The act will initiate a gradual yet massive change, because of the focus on the exchange of check images instead of paper checks. Annually, consumers, businesses and banks suffer over $20 billion in fraudulent check losses. Fraud will become more severe with image truncation. Images are easier to alter, and fraudulent alterations are harder to detect in images. FSTC FSTC Financial Services Technology Consortium (Electronic Financial Services) FSTC Food Service Technology Center FSTC Foreign Science & Technology Center (Army) FSTC Federal Software Testing Center initiated the project "Controlling Fraud in a Truncated truncated adjective Shortened Check Environment" whose purpose was to severely test check image security solutions by realistically simulating the extremes of the exchange process. ChequeGuard's barcode survived, securing the information on the check images and Substitute Checks, proving the value of using barcodes and encryption The reversible transformation of data from the original (the plaintext) to a difficult-to-interpret format (the ciphertext) as a mechanism for protecting its confidentiality, integrity and sometimes its authenticity. Encryption uses an encryption algorithm and one or more encryption keys. solutions to secure information on images, and showing: --Easy integration with the printstream output --Compatibility with almost all payables packages from SAP and Oracle at the high end, to QuickBooks and PeachTree at the low end of the market --Better security than positive pay at a fraction of the cost for both bank and enterprise --Self verifying features on the check image allow each institution along the processing path to verify the information for itself, without coordinating with the check originator Originator A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting --Support for IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) AS/400 and for Windows computers Availability ChequeSuite, the secure check printing solution, and ChequeGuard, the check information verification solution are available now, as products or virtual hosted services. About ChequeGuard ChequeGuard is the leading innovator in check fraud solutions for the Small/Medium Enterprise that banks can easily rollout and support. ChequeGuard solutions increase the security of financial information while reducing the operating costs for SMEs and Financial Institutions. www.cheque-guard.com About Inlite Research Since 1992, Inlite Research offers the ClearImage line of Image Processing image processing Set of computational techniques for analyzing, enhancing, compressing, and reconstructing images. Its main components are importing, in which an image is captured through scanning or digital photography; analysis and manipulation of the image, accomplished and Barcode Recognition technologies to OEMs and Solution Providers in markets that demand the utmost accuracy, productivity and quality in business processes. www.inliteresearch.com |
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