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encashment |
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With ValidateCheck(TM) banks can also verify transit checks, including check security features, signatures, check stock and payment patterns, so they will know at the time of encashment, if a transit check is genuine. These informational components are attached to the check as an encrypted portable data file which, through NeoMedia's software, unlocks its information at the point of capture, acceptance or encashment without having to refer to an external database for confirmation. From a corporate viewpoint, Manpower now has another solution to improve its system for the processing, distribution and reconciliation of payroll checks, to reduce the mailing of checks and check encashment arrangements. |
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