The TALL Group Strengthens Relationship with Handelsbanken
The TALL Group of Companies, the UK leader in the provision of secure paper and electronic payment solutions, has further extended its long-standing partnership with Handelsbanken after securing an initial three-year contract with the leading financial organisation for the provision of cheque books.
Under the terms of the agreement, the Group’s Lisburn-based subsidiary DLRT Ltd will print and personalise cheque and credit books for the bank’s customers, which incorporate a range of sophisticated security features designed to help prevent fraudulent activity, including a Unique Coded Number (UCN).
The UCN is applied to the cheque as part of the personalisation printing process. It works in combination with the MICR (magnetic code line) and is created as an arrangement of digits, characters and symbols that can be decrypted by certified personnel using a ‘secret key’. UCN is just one of a range of Image Survivable Features (ISF’s) designed and developed by The TALL Group as part of its cheque printing solutions, in order to provide effective fraud prevention following the first phase rollout of the new Image Clearing System (ICS) in October 2017.
The most recent contract builds on an existing relationship between Handelsbanken and The TALL Group’s Hinckley-based company Checkprint. The bank continues to deploy the Checkprint Banking Assistant solution to benefit from increased control and visibility over how it manages a significant number of incoming cheques. Moving forwards, Banking Assistant will now incorporate innovative cheque validation software to capture the UCN from incoming cheques before authenticating the items.
The new printing contract was secured following a rigorous review and testing process, with The TALL Group also putting in place a complete cross-site contingency plan for the fulfilment of all forecasted orders.
Martin Ruda, Group Managing Director of The TALL Group of Companies, said: “We are proud to strengthen our relationship with Handelsbanken who will now deploy a range of services and solutions from our dynamic and innovative portfolio. It is positive to see the bank commit to incremental fraud prevention features to further protect itself and its customers in light of the introduction of ICS.”