We'd love to hear from you! Provide  feedback  to earn a badge today. Take our quick survey
You're almost there! Please answer a few more questions for access to the Applications content. Complete registration
Interested in joining? Complete your registration by providing Areas of Interest here. Register

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

Received Response
11
Views
1
Comments
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.

Howdy, Stranger!

Log In

To view full details, sign in.

Register

Don't have an account? Click here to get started!