Check and Signature Fraud Prevention – Challenges and Resolutions Automatic signature verification uses multiples reference images from any type of document to differentiate between characteristics of the signature and random deviations. Automatic signature verification represents a bridge between the long recognized practice of signing a document and the “reliable authentication and authorization” that is increasingly needed for financial institutions. It can provide enhanced security and control over the documents and transactions originated, transacted and stored in today’s business environments. Image-based signature verification in the back office can be efficiently augmented with a biometric signature verification solution at the point of presentment. The key to biometric verification of questionable signatures lies in reconstructing the writing motion and its elements. Modern biometric signature verification systems benefit from combining multiple engines that analyze temporal biometric characteristics such as speed, acceleration, deceleration, stroke sequencing and length, pen pressure and timing information received directly during the act of signing, together with a proven innovative technology that scrutinizes signature shape. This allows biometric signature verification to be accurate, intuitive and fast, and making it ideal for front office applications. Counterfeit Checks Check stock verification software protects financial institutions against the fastest- growing source of fraudulent activity surrounding checks today – counterfeit checks. According to recent industry studies, banks incur 30% of all check-related losses due 3 to counterfeit checks. Counterfeit checks can be easily created either by duplicating a check with color copiers or by using a personal computer, scanner, bookkeeping software, and printer, 6273 Monarch Park Place, Longmont, CO 80503 USA | T: 303.381.3100 toll free: 888.225.0169 parascript.com 5 | F: 303.381.3101 [email protected]