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This is where Cheque Guard steps in. The company helps businesses and financial institutions understand and prevent different types of check frauds with its robust solutions. “We help clients proactively combat frauds as opposed to taking remediation actions after an incident,” says Emil Ramzy, Founder and CEO, Cheque Guard.
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All critical information that banks need to verify are encrypted on the check. This saves time for both the parties involved in the process
They can make pay or no-pay decisions without waiting for clients’ replies.“Businesses do not need to undergo the inconvenience of uploading files. All critical information that banks need to verify are encrypted on the check.
The efficiency of Cheque Guard’s solution can be best exemplified through a customer success story. One of its clients was facing several incidents of check frauds, including altered names or altered amounts. “We installed our system and interfaced it with the client’s accounting and check production system,” adds Ramzy. “It eliminated every chance of fraud check processing, saving them thousands of dollars.”
In a nutshell, with its easy-to-install and easy-to-use solutions, Cheque Guard is saving the nation’s banks millions of dollars and removing the guess work out of the check fraud detection process while ensuring the security and integrity of financial information.
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Company
Cheque Guard
Headquarters
Burbank, CA
Management
Emil Ramzy, Founder and CEO and Heather Torgeson, VP of Treasury Management at Blue Sky Bank
Description
Cheque Guard helps businesses and financial institutions understand and prevent different types of check frauds with its robust solutions. The company supports clients in proactively combat frauds as opposed to taking remediation actions after an incident. Businesses can integrate Cheque Guard’s solution into their accounting system. It helps encrypt all the crucial information on a check—including check number, check amount, check date, account number, and other essential details—through a barcode. Banks can just decrypt the information on the barcode and automatically detect any anomaly or discrepancy between barcode data and printed information on the check. Accordingly, they can make pay or no-pay decisions without waiting for clients’ replies.