how to check validation code in versacheck

Others claim that 'MICR ink' (magnetic ink character recognition) and toner provide counterfeit protection and security.

Additionally these paper based features are easy to bypass. Some check paper manufacturers claim safety by including special features into blank paper, such as heat sensitive ink, patterns and special fibers or watermarks.Ĭheck recipients are often unaware of these security features or how to find them. The check creation software and online check ordering procedures currently available cannot effectively verify user authority and cannot prevent the creation of unauthorized checks.Ī con-artist, armed only with the skills to operate a PC and printer, can create unauthorized checks using stolen account information. There are few safeguards in place to protect the legitimate account holder.

UNVERIFIED CHECKS CAN BE DRAWN ON YOUR ACCOUNT WITHOUT YOUR KNOWLEDGEĮvery check openly displays the account information a criminal would need to produce unauthorized checks. Unverified checks have lost credibility and are considered a high risk payment method. The traditional checking system is based on unverified checks which help fraudulent users and scammers to cause significant losses to consumers and the economy overall. Checks account for the majority of these transactions.

UNVERIFIED CHECKS ARE EASY TO COUNTERFEITĮvery year more than 80 billion non-cash payment transactions (such as Check, Credit Card, Debit Card and etc.) are processed in the US.

How to check validation code in versacheck