Importance

Loading Importance Indicators...

Abstract

The present invention discloses a method that provides improved entry point verification to determine if fraudulent checks are presented. It utilizes special computer software programs that are incorporated into current banking computer software for printing checks and processing checks, and at merchant retailers. The method prints on each issued check, a line of machine-only readable symbols such as a bar-code or QR code that contains all the information printed on the check plus unseen additional information not printed on the face of the check, using a special, key-selectable encryption algorithm. When a check is presented to a bank teller or a cashier, a reader/decoder device connected to a computer will read the line of encrypted data and identify a fraudulent check for rejection.

Loading the Abstract Image...

First Claim