Image Signature Verification
With the recent focus of attention on fraud relating to e-commerce, it would be easy to forget that there is an older and simpler way to defraud banks and their customers out of money – forgery.
Cheques, giros, remittances and money orders are all susceptible to fraud, and payment processing departments remain keen to verify the authenticity of signatures. Many of our payment processing clients, particularly in the banking sector, maintain vast numbers of specimen signatures for verification purposes. In the absence of an automated solution, these signatures are typically stored in back-office filing cabinets. They consume valuable floor space and are inaccessible. The potential for misfiling and loss is immense.
BancTec supplies effective signature archival and verification systems for a wide range of payment processing clients around the globe. Incidents of fraud are dramatically reduced, questionable signatures are verified quickly and efficiently, and payments are processed in a timely manner.
