System and method for providing recovery for victims of...

Details System and method for providing recovery for victims of... System and method for providing recovery for victims of...

G - Physics

06

Q

G06Q 40/00 (2012.01) G07D 7/00 (2006.01)

Patent

CA 2437875

A method for a consumer to protect against loss associated with specified forms of check fraud. Upon purchasing checks, a consumer can subscribe to a check fraud protection program, for an additional fee. The subscription will enable the consumer to obtain reimbursement from the check printer for the consumer's losses due to specified causes. The consumer reciprocally assigns any right of recovery from the consumer's bank or financial institution to the check printer, which can then seek reimbursement from the bank or financial institution and institute proceedings against the fraud perpetrator. Protection may be obtained for forged signatures, forged endorsements, and altered checks. A symbol to indicate such protection is also disclosed.

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