Oregon Banker Patents Check Fraud Prevention Technique
The Medford, Oregon Mail Tribune reports on Brent Pearson and his just patented anti-check fraud technique. HIs technique optically obscures the bank account number information printed on checks while allowing bank-owned magnetic readers to still read the numbers correctly.
Pearson’s solution in this complex age is rather simple. The check’s account and routing numbers printed in magnetic ink, which became an industry standard in the 1950s, is overprinted with characters and a bar in non-magnetic ink. So while a snoopy crook couldn’t make out an account number visually, the bank’s magnetic ink character recognition sensors see right through his patented MICR (Magnetic Ink Character Recognition) Line Blocker or Account Shield as they process checks.
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