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How can we print an encrypted alphanumeric code on the face of each cheque?

edited Oct 5, 2021 12:58PM in Payables, Payments & Cash Management 1 comment

Summary:

The banking sector has made changes in respect to cheque production, this change requires a UCN (Unique Cheque Number) to be applied to each cheque produced. Major banks have now all requested that an Image Survivable Feature (ISF), such as a UCN, be included on all cheques as soon as possible to help reduce the incidence of fraud.

Content (required):

The banking sector has made changes in respect to cheque production, this change requires a UCN (Unique Cheque Number) to be applied to each cheque produced.

A UCN is an encrypted alphanumeric code printed on the face of each cheque, which is decoded upon presentation for payment. The encrypted code acts as a deterrent against fraudulent cheque transactions.

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