Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Technology
Security
Return to: BBR Home | Technology | Security

SQN Banking Systems introduces new fraud detection solution

BBR Staff Writer Published 06 March 2012

SQN Banking Systems, a US-based provider of fraud detection solutions, has introduced SENTRY: UltraCheck, a new solution to help identify potential check fraud.

In order to determine if the check has been tampered with or altered, the new software will automate the inspection of the ultraviolet (UV) ink.

The new solution using modern image processing techniques can find any discrepancies when a check has been altered.

The company said that the software and algorithms of the solution can detect even the smallest changes to embedded UV marks on key areas of checks.

SQN Banking Systems vice president and chief technology officer Stan Jaslar said that the company knows that criminals commonly use chemical alteration to manipulate check details, so an appropriate solution to that problem was needed.

"Use of UV ink can be effective, but manual inspection is time consuming. With SENTRY: UltraCheck, detection of chemically altered checks is automated, making it a much more efficient and practical preventative measure," Jaslar said.