Firm Patents Check ValidationSystem

RICHMOND HILL, Ontario - (05/18/06) – Advanced Software Design Corp.,reported Wednesday it has been granted a U.S. patent for itspayment validation and authorization systems and related methods.The company has been marketing systems for checks validation at thepoint of presentment, under the trade name ValidateCheck.ValidateCheck allows banks and credit unions to verify on-uschecks, as well as transit checks, including check securityfeatures, signatures, check stock and payment patterns, so theywill know at the time of cashing if a check is genuine.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER