System and method for detecting cheque fraud

G - Physics – 07 – D

Patent

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G07D 7/20 (2006.01) G06K 9/68 (2006.01)

Patent

CA 2414205

A system and method for detecting cheque fraud includes a cheque scanning module and a detection module. The cheque scanning module scans cheques and matches the encoded Magnetic Ink Character Recognition (MICR) data (i.e. serial number, Customer Account Number and amount) from the scanned digital electronic images with items in an issuance database which contains client provided cheque particulars. The detection module passes the cheque images through an optical character recognition (OCR) process to read what is written on the cheque and to match results against the issuance database. If the written information on the face of a cheque is unreadable or there is no match with the information in the issuance database, the detection module passes the cheque through a series of slower more precise OCR processes. Any cheques that are not successfully read and matched are highlighted as an "exception" and immediately forwarded to the client for further action.

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