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Fake cheque maker4/4/2023 ![]() Whether it’s blank cheque stationery or printed cheques (cheques with printed details), the use of Qryptal’s Secure Codes for cheques helps to substantially reduce this type of fraud. Thus, we are left with the crucial question - how can cheques be enhanced to make them difficult to be tampered with? Watermarking, holographs and other security features may help to deter such fraud, though eventually the fraudsters and counterfeiters would be able to acquire similar technology as well. Advancing digital technology has made it easier for counterfeiters and fraudsters to acquire blank cheque stationery and the magnetic ink (MICR) printers and fonts to recreate the cheques that are read by bank scanners. In recent years, Cheque fraud has become a growing issue of concern in some countries. ![]() With most countries adopting CTS system, cheque verification and clearing process is carried out through cheque images being sent in by the receiving bank or financial institution. Cheques need to be verified and cleared as quickly, efficiently and accurately as possible. ![]()
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