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Bank Fraud
Source Technologies provides solutions to companies to avoid the dangers of bank fraud.
There are many different types of bank fraud including: fraudulent loans, wire fraud, forged documents, uninsured deposits, and identity theft. Some of the solutions that Source Technologies offer to avoid bank fraud include:
- Secure Numeric Font - Our unique ST-designed font is very difficult to alter because of a special background and very small text & numeric print embedded in the amount line of the check.
- Microprint Font - Extremely small type font is used to embed micro text and numbers within lines of print on the MICR document.
- Password Protection - Prevents access to check-printing resources stored in the printer (signatures, MICR fonts, form overlays) without the proper password.
- MICR Toner Detection - Detects whether MICR toner or regular toner is installed in the printer to prevent printing negotiable documents with regular toner.
- DES Decryption - One of the highest levels of security available - All of Source Technologies' MICR printers are DES-enabled, allowing them to decrypt an encrypted print stream prior to printing (requires ST secure payment software).
- Bi-Directional Communication - Alerts the user to any MICR problems through their payment software application. Also allows the user to query the printer regarding MICR settings. (Bi-directional communication is also supported in ST secure payment software applications).
- Set-Copy Control - Ensures that a print job only prints once while in MICR mode- prevents check fraud by disallowing the printing of multiple copies of a check.
- Auto Jam Recovery Disable - Automatically turns Jam recovery OFF when checks are being printed - prevents multiple copies of a check from being printed.
The Payback
Source Technologies has saved our customers hundreds of millions of dollars in labor, fixed operating costs, and bank fraud losses through the deployment of our MICR laser check printers.