WO2022043996A1 - A system and a method for cheque security - Google Patents

A system and a method for cheque security Download PDF

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Publication number
WO2022043996A1
WO2022043996A1 PCT/IL2021/051029 IL2021051029W WO2022043996A1 WO 2022043996 A1 WO2022043996 A1 WO 2022043996A1 IL 2021051029 W IL2021051029 W IL 2021051029W WO 2022043996 A1 WO2022043996 A1 WO 2022043996A1
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WO
WIPO (PCT)
Prior art keywords
cheque
verification
security
enhanced
activation
Prior art date
Application number
PCT/IL2021/051029
Other languages
French (fr)
Inventor
Shlomo KRISHEWSKI
Original Assignee
Krishewski Shlomo
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Krishewski Shlomo filed Critical Krishewski Shlomo
Publication of WO2022043996A1 publication Critical patent/WO2022043996A1/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q20/00—Payment architectures, schemes or protocols
    • G06Q20/04—Payment circuits
    • G06Q20/042—Payment circuits characterized in that the payment protocol involves at least one cheque
    • G—PHYSICS
    • G07—CHECKING-DEVICES
    • G07D—HANDLING OF COINS OR VALUABLE PAPERS, e.g. TESTING, SORTING BY DENOMINATIONS, COUNTING, DISPENSING, CHANGING OR DEPOSITING
    • G07D7/00—Testing specially adapted to determine the identity or genuineness of valuable papers or for segregating those which are unacceptable, e.g. banknotes that are alien to a currency
    • G07D7/004—Testing specially adapted to determine the identity or genuineness of valuable papers or for segregating those which are unacceptable, e.g. banknotes that are alien to a currency using digital security elements, e.g. information coded on a magnetic thread or strip
    • G07D7/0043—Testing specially adapted to determine the identity or genuineness of valuable papers or for segregating those which are unacceptable, e.g. banknotes that are alien to a currency using digital security elements, e.g. information coded on a magnetic thread or strip using barcodes

Definitions

  • the present invention is in the field of commercial instrument security. More specifically, in the field of
  • Check (hereinafter also spelled Cheque) is defined in the literature as a bill of exchange drawn on a bank and payable on demand; it has become a substantial form of currency transfer in the domestic commerce of developed countries. As a written order to pay money, it may be transferred from one person to another by endorsement and delivery or, in some instances, by delivery alone. Negotiability can be qualified by appropriate words, as with restrictive endorsements, or by the check form itself. Most checks are not paid in currency but by debiting and crediting of bank deposits. Clearings are accomplished either by direct presentation , by correspondent banks, through local clearinghouses, or by commercial or central banks.
  • a "drawer” orders a “drawee” to pay money to a third person , the "payee.” If the drawee is a bank, and the draft is payable on demand . The payee could and sometimes should to endorse the Cheque by signing it. Sometimes such endorsement is in favor of a new party who becomes the new payee.
  • a cheque is a document often used for payments, or otherwise, fund transferring ordered by one person to the benefit or order of another person.
  • a cheque is a negotiable instrument, bill of exchange, promissory note, or another legally defined financial tool, which aims basically to exchange money.
  • a cheque is usually a pre-printed document that could be regulated in electronic means such has magnetic printed numbers, scanning , or other. Its legal status Is stronger than a mere contract or binding document since its legal status binds more than a contractual obligation .
  • the Cheque is drawn by a drawer, which is the one that obliges to pay, and orders the drawee, usually a bank, to pay from the drawer account a certain sum, at a specific date to a payee whose name is written on the Cheque or to another person at the payee’s order.
  • the advantages of cheques are rooted in two main aspects: The first is that cheques are legally binding by itself separated from the transaction they paid for. The second is that cheques could be drawn to future dates, and being non-computerized by the bank, not to use the line of credit or oblige of the drawer.
  • the combination of these two aspects allow for a cheque to be postponed as a rain cheque, and sometimes endorsed by the payee, blankly or to a specific another payee, allowing for payments to be made along a chain of suppliers without using credit or funds.
  • the problems solved by the present invention related basically to cheque frauds and scams.
  • cheques fraud There are three major types of cheques fraud :
  • A. Counterfeit - a cheque that has been created on non-bank paper to look genuine. It relates to a genuine account, but has actually been created and written by a fraudster for the purposes of committing fraud .
  • US2012030105 discloses embodiments of an invention relate to systems, methods, and computer program products for maintaining an updated check register in connection with an on-line banking account of a payor that tracks pending check payments using check imaging technology.
  • Some embodiments of the present invention provide a computer-implemented method including the following steps: receiving an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account, processing the image to determine the amount, identifying the financial account, and recording the amount in connection with the financial account, wherein the recording step occurs prior to receiving any indication that the check has been presented for payment. ;
  • the method may also include making the financial account with an indication of the pending payment available to be viewed by the payor.
  • US20031 15155 describes a method of certifying checks.
  • a check writer contacts the writer’s bank, over the internet, and requests a certified check.
  • the bank deducts the amount of the check from the writer's account, and issues a validation number to the writer, over the I nternet.
  • the writer prints the validation number on the check, in a set of blank spaces designed to accept this number.
  • the check also contains a U RL, U niform Resource Locator, which identifies a web site maintained by the bank. Any interested party, such as a payee of the check, can contact the web site, present the validation number, and learn whether the check is valid .
  • a certified check can be issued without a visit to a bank, the latter being required under present technology.
  • US2003074327 discloses method and system for verifying a check that is being used for an on-line transaction , utilizes a hash code value either printed directly on the check, or obtained from an insert card provided by a check printer.
  • the customer enters in data obtained from a M ICR line of the check, whereby the data includes a one-way hash value that is based on the data provided on the MI C R line as well as private data not provided on the M ICR line.
  • a web server of an e- taller for which the customer seeks to make the on-line transaction receives the data entered by the customer.
  • the web server of the e-tailer transmits, to a check verifier, the data entered by the customer.
  • the check verifier verifies whether or not the check is valid , by comparing the hash code value entered in by the customer with a hash code value that is separately calculated by the check verifier based on private data of the customer obtained by the check verifier from a database.
  • the present invention discloses a method and a system for securing cheques, by allowing activation of a cheque as a condition for its validity.
  • An object of the present invention is to provide a method and a system that technically allows for securing a cheque against theft, counterfeit, or other forms of fraud .
  • Another object of the present invention is to provide a method and a system that legally secure a cheque against theft, counterfeit, or other forms of fraud .
  • the method and the system consist of an action done by a drawer of a cheque, resulting in the activation of said Cheque.
  • Said activation serves as a technical secure by allowing to verify or deny verification of the validation of said Cheque and ordering the drawee, usually the bank, to pay or dishonor the Cheque accordingly.
  • Said activation could preferably serves also as a legal essential for the validity of the Cheque.
  • a bill of exchange or financial instrument is not allowed to have a conditional payment.
  • all systems require a set of essentials for declaring the validity of such a bill or instrument.
  • the drawer signature, date of the bill an exact sum, and more.
  • the Cheque must include the name of a payee, or of a drawee (usually a bank) and sometimes a cheque is crossed , to indicate that it should be deposited directly to an account with a bank and not to be immediately cashed to the payee, or another holder of the Cheque.
  • a drawer could also limit the transaction of a cheque by limiting the possibility of the payee to endorse it to another payee or holder. It will be emphasised that in according to the present invention , the terms activation and validation are interchangeable and refers to the act of the drawer or a further holder of a cheque in order to allow verification and collection of the Cheque.
  • a validation of the check Is an essential requirement to its validity, and the cheques are void unless activated .
  • Fig . 1 is a cheque according to some embodiments of the present invention .
  • Fig . 2 is a system according to some aspects of the present invention
  • Fig . 3 is a chart of actions of certain aspects of the method according to the present invention.
  • the system comprises a database of activated cheques.
  • the process of activation of a cheque includes enrolling it to the database, and mark it as activated .
  • the system further allows verification of a cheque, the verification process includes presenting a cheque query to the system and receiving an output of verification if the Cheque is marked as activated , and output of denial if the Cheque is not registered or not marked as activated .
  • a cheque is marked in a manner that signifies that activation is essential to its validity.
  • a mark could be a known figure or symbol, a statement, or a unique identification means such as bar code or RQ code. It could be pre-printed on the Cheque or added to it by printing or handwriting .
  • Such marking aims to notify any holder of the Cheque that this Cheque is not valid unless activated .
  • the system of the present invention must include a secure identification login function in order to ensure that only the drawer of a specific cheque is able to activate said Cheque.
  • the cheques of a specific drawer are pre-enrolled to the system in advance.
  • Such pre-enrolment serves as another layer of security by not allowing the activation of an unenrolled cheque.
  • the system could further include a one-time value assigned to each Cheque that enables to identify the genuinely of a check.
  • the enrolment of a cheque to the system is based on its unique id numbers, yet in other embodiments, the system has a unique I D dedicated to each specific check.
  • I D could be a number, a string of characters, a barcode, a QR code, or any other.
  • the enrolment and activation of a cheque could be made by any type of input.
  • the verification of a cheque could be made by the same or another type of input.
  • the activation of a cheque further comprises the input of one or more verification details.
  • Such details could include the name of the payee, the sum of the Cheque, the date of the Cheque, or any other detail. Such detail could be used later in the verification process, and allow another layer of security to the Cheque.
  • the one or more other details of the Cheque could be presented in the output of the verification .
  • the verification process requires the person verifying the Cheque to provide said one or more other details, and merely verify or deny the information as presented in the query.
  • the activation process includes an output of a verification number. This number could be added to the Cheque by the drawer and be used in the verification process.
  • system further allows an endorsement validation .
  • the payee of a cheque could endorse the Cheque to another payee, and activate such an endorsement.
  • the system allows for limiting the transferability of a cheque or for allowing it and having an endorsement activation as well as a drawing activation .
  • this number or code could be further used for the activation of an endorsement by a payee that is not registered in the system. It will be understood that numerous consecutive endorsed payees could make the process of endorsement activation several times.
  • the verification process in these embodiments could include the names, codes, or I Ds of payees, as said extra security verification detail.
  • the system comprises a database, a communication module.
  • the system allows for a secure identification login , for cheque activation , and free login for cheque verification .
  • the method allows for cheque verification by the drawee bank, as well as by a payee, endorsed payee, or any other holder of the Cheque.
  • a cheque is a financial instrument comprising a unique I D and having an activation requirement as an essential to Its validity.
  • the secured Cheque of the present invention is a paper cheque, thus reserves ah the benefits of a financial instrument, yet it allows to enhance the security of a cheque by ensuring the Cheque was not fake, without the need to perform a complexed identification process to the drawer, who need to perform the login to the system identification . It also enhances the security against later alteration of Cheques

Abstract

A method for enhanced cheque security comprising an activation process and a verification process, wherein said activation process comprising: issuing a cheque by a drawer, secure login of said drawer to a validation module, enrolling said Cheque into said validation module activating said Cheque, and record its activation in a database, and wherein said verification process comprises: receiving a cheque by a verifier login of said verifier to a verification module identifying said Cheque to said verification muddle and receiving an output indicating if said Cheque was activated or not in the database.

Description

A SYSTEM AN D A M ETHOD FOR CH EQU E SECU R ITY
TH E FI ELD OF TH E I NVENTION
The present invention is in the field of commercial instrument security. More specifically, in the field of
Bank Cheques security.
BACKG ROU N D OF TH E I NVENTION
Check (hereinafter also spelled Cheque) is defined in the literature as a bill of exchange drawn on a bank and payable on demand; it has become a substantial form of currency transfer in the domestic commerce of developed countries. As a written order to pay money, it may be transferred from one person to another by endorsement and delivery or, in some instances, by delivery alone. Negotiability can be qualified by appropriate words, as with restrictive endorsements, or by the check form itself. Most checks are not paid in currency but by debiting and crediting of bank deposits. Clearings are accomplished either by direct presentation , by correspondent banks, through local clearinghouses, or by commercial or central banks.
The terminology usually used : a "drawer" orders a "drawee" to pay money to a third person , the "payee." If the drawee is a bank, and the draft is payable on demand . The payee could and sometimes should to endorse the Cheque by signing it. Sometimes such endorsement is in favor of a new party who becomes the new payee.
A cheque is a document often used for payments, or otherwise, fund transferring ordered by one person to the benefit or order of another person.
In various legal systems, a cheque is a negotiable instrument, bill of exchange, promissory note, or another legally defined financial tool, which aims basically to exchange money.
A cheque is usually a pre-printed document that could be regulated in electronic means such has magnetic printed numbers, scanning , or other. Its legal status Is stronger than a mere contract or binding document since its legal status binds more than a contractual obligation . The Cheque is drawn by a drawer, which is the one that obliges to pay, and orders the drawee, usually a bank, to pay from the drawer account a certain sum, at a specific date to a payee whose name is written on the Cheque or to another person at the payee’s order.
Although the digital era diminished the usage in cheques for many transactions, cheques remain an Important and indeed essential payment method for various segments of society, and it Is still a preferred way of commercial and private currency transformation because of numerous characteristics.
The advantages of cheques are rooted in two main aspects: The first is that cheques are legally binding by itself separated from the transaction they paid for. The second is that cheques could be drawn to future dates, and being non-computerized by the bank, not to use the line of credit or oblige of the drawer. The combination of these two aspects allow for a cheque to be postponed as a rain cheque, and sometimes endorsed by the payee, blankly or to a specific another payee, allowing for payments to be made along a chain of suppliers without using credit or funds.
The problems solved by the present invention related basically to cheque frauds and scams. There are three major types of cheques fraud :
A. Counterfeit - a cheque that has been created on non-bank paper to look genuine. It relates to a genuine account, but has actually been created and written by a fraudster for the purposes of committing fraud .
B. Forgery - a genuine cheque, however, the signature is not that of the drawer. The fraudster had forged the signature by signing the Cheque themselves, often when the cheques were stolen or unlawfully taken from the drawer.
C. Fraudulently altered ~ a genuine cheque made out by the genuine drawer, but a fraudster has altered it before it has been paid in (e.g . , by altering the payee's name on the Cheque, the amount, the date or any combination thereof) . Numerous attempts for enhanced security or digital registration and enrolment of cheques are known in the art. Such attempts include:
US2012030105 discloses embodiments of an invention relate to systems, methods, and computer program products for maintaining an updated check register in connection with an on-line banking account of a payor that tracks pending check payments using check imaging technology. Some embodiments of the present invention provide a computer-implemented method including the following steps: receiving an image of at least a portion of a paper check, wherein the portion comprises an indication of an amount of money to be drawn on a financial account, processing the image to determine the amount, identifying the financial account, and recording the amount in connection with the financial account, wherein the recording step occurs prior to receiving any indication that the check has been presented for payment. ; In addition , the method may also include making the financial account with an indication of the pending payment available to be viewed by the payor. US20031 15155 describes a method of certifying checks.
A check writer contacts the writer’s bank, over the internet, and requests a certified check. The bank deducts the amount of the check from the writer's account, and issues a validation number to the writer, over the I nternet. The writer prints the validation number on the check, in a set of blank spaces designed to accept this number. The check also contains a U RL, U niform Resource Locator, which identifies a web site maintained by the bank. Any interested party, such as a payee of the check, can contact the web site, present the validation number, and learn whether the check is valid . Thus, a certified check can be issued without a visit to a bank, the latter being required under present technology.
US2003074327 discloses method and system for verifying a check that is being used for an on-line transaction , utilizes a hash code value either printed directly on the check, or obtained from an insert card provided by a check printer. To conduct an on-line transaction using a check, the customer enters in data obtained from a M ICR line of the check, whereby the data includes a one-way hash value that is based on the data provided on the MI C R line as well as private data not provided on the M ICR line. A web server of an e- taller for which the customer seeks to make the on-line transaction , receives the data entered by the customer. The web server of the e-tailer transmits, to a check verifier, the data entered by the customer. ; The check verifier verifies whether or not the check is valid , by comparing the hash code value entered in by the customer with a hash code value that is separately calculated by the check verifier based on private data of the customer obtained by the check verifier from a database.
Nevertheless, all attempts and measures known in the art to protect, certify or otherwise secure or register cheques do not preserve the advantages of the Cheque as a financial instrument out of the line of credit and a self legally binding document with a self-representing value. Therefore, there is a need in the art for a method to secure a cheque without reporting the transaction it represents to the bank while maintaining its nature of a self-value legal-binding financial-instrument.
A SUMMARY OF TH E I NVENTION
The present invention discloses a method and a system for securing cheques, by allowing activation of a cheque as a condition for its validity.
An object of the present invention is to provide a method and a system that technically allows for securing a cheque against theft, counterfeit, or other forms of fraud .
Another object of the present invention is to provide a method and a system that legally secure a cheque against theft, counterfeit, or other forms of fraud .
The method and the system consist of an action done by a drawer of a cheque, resulting in the activation of said Cheque. Said activation serves as a technical secure by allowing to verify or deny verification of the validation of said Cheque and ordering the drawee, usually the bank, to pay or dishonor the Cheque accordingly.
Said activation could preferably serves also as a legal essential for the validity of the Cheque. It will be noted that according to some legal systems, a bill of exchange or financial instrument is not allowed to have a conditional payment. However, all systems require a set of essentials for declaring the validity of such a bill or instrument. Among such essential, there are the drawer signature, date of the bill , an exact sum, and more. Sometimes the Cheque must include the name of a payee, or of a drawee (usually a bank) and sometimes a cheque is crossed , to indicate that it should be deposited directly to an account with a bank and not to be immediately cashed to the payee, or another holder of the Cheque.
A drawer could also limit the transaction of a cheque by limiting the possibility of the payee to endorse it to another payee or holder. It will be emphasised that in according to the present invention , the terms activation and validation are interchangeable and refers to the act of the drawer or a further holder of a cheque in order to allow verification and collection of the Cheque.
According to the present invention , a validation of the check Is an essential requirement to its validity, and the cheques are void unless activated .
It is therefore understood that unless all cheques are made in accordance with the present invention , the need for verification should be known to everybody who handles the Cheque, preferably by marking the Cheque as needed to be activated .
It should be apparent that the present invention is not for a digital cheque but rather to secure a paper signed cheque digitally, thus as described herein , all benefits of a paper cheque are preserved , including the obligatory legal character of such a financial instrument. BRI EF DESCRI PTION OF TH E DRAWI NGS
Fig . 1 is a cheque according to some embodiments of the present invention .
Fig . 2 is a system according to some aspects of the present invention
Fig . 3 is a chart of actions of certain aspects of the method according to the present invention.
DETAI LED DESCRI PTION OF TH E EM BODYM ENT
It will be understood to those skilled In the art that the present invention relates to all sorts of documents, used as a bill of exchange, financial Instrument, or the like, and the term cheque is used for reasons of comfortability.
It will be emphasized that the embodiments described herein are mere examples and are not limiting by any way, the scope of the invention as described and disclosed .
All standard bank cheques have a unique identification . Usually, this identification is a combination of a series of numbers, including bank and branch symbols, account number, and a serial cheque number.
The system, according to the present invention , comprises a database of activated cheques. The process of activation of a cheque includes enrolling it to the database, and mark it as activated .
The system further allows verification of a cheque, the verification process includes presenting a cheque query to the system and receiving an output of verification if the Cheque is marked as activated , and output of denial if the Cheque is not registered or not marked as activated .
In a preferred embodiment of the present invention , a cheque is marked in a manner that signifies that activation is essential to its validity. Such a mark could be a known figure or symbol, a statement, or a unique identification means such as bar code or RQ code. It could be pre-printed on the Cheque or added to it by printing or handwriting .
Such marking aims to notify any holder of the Cheque that this Cheque is not valid unless activated . The system of the present invention must include a secure identification login function in order to ensure that only the drawer of a specific cheque is able to activate said Cheque.
In some embodiments of the present invention , the cheques of a specific drawer are pre-enrolled to the system in advance. Such pre-enrolment serves as another layer of security by not allowing the activation of an unenrolled cheque.
The system could further include a one-time value assigned to each Cheque that enables to identify the genuinely of a check.
In some embodiments of the present invention , the enrolment of a cheque to the system is based on its unique id numbers, yet in other embodiments, the system has a unique I D dedicated to each specific check. Such I D could be a number, a string of characters, a barcode, a QR code, or any other.
The enrolment and activation of a cheque could be made by any type of input. A typing, camera reading . Magnet, N FC, or any other input. The verification of a cheque could be made by the same or another type of input.
In some embodiments of the present invention , the activation of a cheque further comprises the input of one or more verification details. Such details could include the name of the payee, the sum of the Cheque, the date of the Cheque, or any other detail. Such detail could be used later in the verification process, and allow another layer of security to the Cheque.
The one or more other details of the Cheque could be presented in the output of the verification .
Alternatively , and for extra security, the verification process requires the person verifying the Cheque to provide said one or more other details, and merely verify or deny the information as presented in the query.
It will be understood to those skilled in the art that the Input of the cheque I D and said one or more details could be made automatically by scanning the Cheque and having an OCR process or photo comparison . However, it is important to emphasize that the system is not necessarily connected to the bank credit or funds system and is not preventing the nature of a bank cheque, namely an out of line of credit financial instrument. It will be noted that the present invention could allow the bank system to monitor the cheques, but such monitoring is not part of the invention.
In some embodiments of the present invention , the activation process includes an output of a verification number. This number could be added to the Cheque by the drawer and be used in the verification process.
In yet other embodiments, the system further allows an endorsement validation . In these embodiments, the payee of a cheque could endorse the Cheque to another payee, and activate such an endorsement.
In these embodiments, the system allows for limiting the transferability of a cheque or for allowing it and having an endorsement activation as well as a drawing activation .
If the system is designed to provide an activation number or code to the payee, this number or code could be further used for the activation of an endorsement by a payee that is not registered in the system. It will be understood that numerous consecutive endorsed payees could make the process of endorsement activation several times. The verification process in these embodiments could include the names, codes, or I Ds of payees, as said extra security verification detail.
It will be understood that the same method of an endorsement validation could be used to allow the passing of the activation rights to the payee of the Cheque.
The system, according to the present invention , comprises a database, a communication module. The system allows for a secure identification login , for cheque activation , and free login for cheque verification . The method , according to the present invention , allows for cheque verification by the drawee bank, as well as by a payee, endorsed payee, or any other holder of the Cheque.
A cheque, according to the present invention , is a financial instrument comprising a unique I D and having an activation requirement as an essential to Its validity. It is apparent to those skilled in the art that the secured Cheque of the present invention is a paper cheque, thus reserves ah the benefits of a financial instrument, yet it allows to enhance the security of a cheque by ensuring the Cheque was not fake, without the need to perform a complexed identification process to the drawer, who need to perform the login to the system identification . It also enhances the security against later alteration of Cheques

Claims

1 . A method for enhanced cheque security comprising an activation process and a verification process, wherein said activation process comprising : issuing a cheque by a drawer, secure login of said drawer to a validation module, enrolling said Cheque into said validation module activating said Cheque, and record its activation in a database, and wherein said verification process comprises: receiving a cheque by a verifier login of said verifier to a verification module identifying said Cheque to said verification muddle and receiving an output indicating if said Cheque was activated or not in the database. A method for enhanced cheque security of claim 1 , wherein said enrolling of said at least one Cheque, further comprising at least one detail of the drawn
Cheque. A method for enhanced cheque security of claim 2 wherein said at least one detail is selected from: sum, date, payee, endorsement, or any combination thereof. A method for enhanced cheque security of claim 1 , wherein said validation module further issue a validation to code, and said verification is further written on said Cheque, and wherein chid verification number is used in said verification process. A method for enhanced cheque security of ciaim, wherein said enrolling comprises typing , speaking , scanning a barcode, QR, or whole said at least one Cheque, or any combination thereof. A method for enhanced cheque security of claim 1 , wherein said database further comprises a list of all Cheque issued to a specific user allowing activation only If said at least one Cheque is included in said list. A method for enhanced cheque security of claim 1 , further allows for revalidation of an endorsed cheque. A method for enhanced cheque security of claim 1 , wherein said verifier is a payee, an endorsed or a drawee. A system for enhanced cheque security comprising : at least one Cheque, a system database, an activation module, and a verification module, Wherein : said validation module comprises a secured communication and allows for a secure identification login of a user, and for activation of at least one Cheque by said identified user, and wherein said verification module comprises an open communication and allows for a non secured login of a user and for verification whether said at least one Cheque is activated or not, , A cheque designed to be used in accordance with the method and system of any of previous claims, said Cheque comprises a unique code, barcode, QR code, or any combination thereof. . A cheque designed to be used in accordance with the method and system of any of previous claims, said Cheque comprises an indication that said Cheque needs to be activated .
PCT/IL2021/051029 2020-08-24 2021-08-23 A system and a method for cheque security WO2022043996A1 (en)

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Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7266527B1 (en) * 1999-06-30 2007-09-04 Martin David A Method and device for preventing check fraud
US20110270755A1 (en) * 2010-04-28 2011-11-03 Ing Direct, Fsb Method for securely clearing checks
US20200167796A1 (en) * 2018-11-26 2020-05-28 Capital One Services, Llc Inactive Blank Checks

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7266527B1 (en) * 1999-06-30 2007-09-04 Martin David A Method and device for preventing check fraud
US20110270755A1 (en) * 2010-04-28 2011-11-03 Ing Direct, Fsb Method for securely clearing checks
US20200167796A1 (en) * 2018-11-26 2020-05-28 Capital One Services, Llc Inactive Blank Checks

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