Banking Technology Awards – The TALL Group Shortlisted
The TALL Group, the UK leader in the provision of secure paper and electronic payment solutions have been shortlisted in this year’s prestigious Banking Technology Awards. To tackle the problems of fraud that surfaced in the cheque payments markets when traditionally printed security features were removed by the introduction of the cheque image clearing process, the TALL Group delivered Checkprint’s patented UCN Plus®, in collaboration with DIA Europe (Kappa).
The cheque antifraud solution provides the most complete verification available, including payee name, value and date, which the Kappa profiling system decrypts from the uniquely printed QR code, whilst at the same time reading all transactional information captured from the image.
Lynton Buxton, Group Marketing Manager, said: “It’s a real privilege to see fintech recognition of the UCN Plus® solution in these banking technology awards. The addition of automatically verifiable Image Survivable Features (ISF’s) onto the face of a cheque has been the key to the industry fight-back against fraud. Our patented solution now means that counterfeit, forged and fraudulently altered items can be readily identified and we welcome the fact that a number of high street banks are recognising the UCN Plus® as an integral part of their cheque fraud prevention regime.”
The UCN Plus® solution, now becoming a common feature on business cheques, ensures that ‘the original true values’ of the cheque – as contained within the encrypted QR code – are immutably secured from the point of data infilling to the irrevocable funds transfer decision.
The awards will be streamed on December 3rd.