VersaCheck.com Launches Revolutionary Consumer Safeguards with DNA Secure™ Check Payment Solution

New VersaCheck X1 Check Creation Safeguards let users print and send verified checks from their validated accounts. DNA Secure™ checks protect bank account owners and merchants from losses and reform checks into one of the safest and lowest cost payment methods available

HERMOSA BEACH, Calif.--()--VersaCheck.com is pleased to announce availability of VersaCheck X1 DNA Secure™, a new ultra-secure platform for creation and delivery of safeguarded checks. If implemented broadly throughout commerce, the system can eliminate the vast majority of losses associated with unauthorized or underfunded check payments in the US. The VersaCheck X1 solution benefits users by offering a revolutionary level of counterfeit prevention, financial account protection, real-time withdrawal alerts and avoidance of credit card finance charges. Online merchants and users of Quicken, QuickBooks, Peachtree and other finance software can also benefit from DNA Secure™ check safeguards through easy integration with VersaCheck X1 software. VersaCheck X1 replaces prior VersaCheck versions effective immediately. VersaCheck 2008, 2010 and 2012 users are entitled to a free upgrade to the VersaCheck X1 platform.

The DNA Secure™ check system actively repels unauthorized users and enhances the value and trustworthiness of checks. VersaCheck X1 is entering the market at a time when consumer safety is increasingly at risk and the economy can benefit from a highly secure, low cost check payment system users can trust.

“Fraudsters” are able to cause losses by using unverified checks.

Currently, check creation software and online check ordering procedures cannot effectively verify user authority and cannot prevent creation of unauthorized checks. Some check paper manufacturers claim safety by including special features into blank paper, such as heat sensitive ink, patterns and special fibers or watermarks. Unfortunately these paper based features are easy to bypass. The check recipient does not know about nor how to look for any of these often hidden security features. Others claim that MICR (magnetic) ink and toner provide counterfeit protection and security. However magnetic ink and toner, which is required to print the code line at the bottom of checks, is primarily a means to enable high-speed processing through the check clearing system. It is available for purchase widely and, in most cases, only leads to a more costly exception processing if not present and does NOT prevent clearing. Therefore, a con-artist, only requiring the skills to operate a PC and printer, cannot be stopped from creation of unverified checks using stolen or otherwise illegally acquired account information. We should not forget, every check passed on as payment openly displays the account information. This display of information makes it easy for others to produce checks unauthorized, currently without further safeguards in place to protect them. The existing industry standard delivers the tools and methods to enable creation, print and delivery of unverified checks, which expose consumers and are often used in schemes and fraud, without easy recourse for the victim.

VersaCheck X1 sets a new standard in check creation and processing safety.

VersaCheck X1 safeguards protect consumers and merchants, prevent harm and proactively threaten abusers. After a simple online validation step, users will be enabled to print DNA Secure™ and online verifiable checks from their validated accounts. Validation is performed using a novel 1 cent draft transaction, which is associated with a random 4 (for personal accounts) to 6 digit draft number (for business accounts). The 1 cent draft is drawn against the account to be validated. The user must subsequently report back the drafts’ number, which is displayed only accessible to authorized account holders in two places: the user’s checking account statement AND as the hard copy or image file of cleared demand draft drawn on the account. The validation draft also displays a warning to only report back directly to the validation platform online, to prevent any deceptive or otherwise unauthorized third party inteference. In the event of unauthorized account access, validated users can instantly HALT verification processing and disable DNA Secure™ check printing features for the account. The visual appearance of verified DNA Secure™ items is notably different from unverified checks. DNA Secure™ checks display a prominent validation seal with instructions on how to verify the checks’ authenticity, available for those who are looking to verify the checks they receive. The check verification process can be automated for merchants who, once authorized, can connect to the validation web service. The process is designed similar to a credit card authorization procedure using an online gateway. During output, VersaCheck X1 verifies authenticity and creates a complex personalized print pattern to make DNA Secure™ checks optically stand out. This custom check design contains replicated check data embedded within the design to uniquely individualize each check with non-reproducable, eye-catching patterns. The personalized digital print patterns, combined with an online verification process, alert users of impending checking account activity and allow merchants to verify a check’s authenticity before deposit, increasing ultimate safety of commercial transactions based on checks. Safeguarded, online verifiable checks, printed and deposited by merchants at the time of purchase are an ideal method to avoid costly credit card and other similar services. Goods can now be delivered promptly to customers after real-time verification of check authenticity, avoiding excessive clearing time periods, which is typical for unverified checks.

How the DNA Secure Check Payment Solution works

The DNA Secure check platform combines the possibilities of high-resolution full color digital printing, as available with new digital color presses and most desktop printers, with high speed real-time information processing provided through the Internet. Each check is unique, practically impossible to counterfeit, identifies itself as online verifiable, leads to real-time activity-messaging to alert users, and thereby enables validated account holders to interfere before harm can even occur. The system also includes a member rating, which tracks reported payment complaints about unreliable account holders to help merchants assess risk of doing business with customers and prospects using the system. Since an unauthorized user would provide early-warning to potential victims during an account validation or check verification process, the system naturally repels fraudulent use – con-artists would effectively expose themselves before materializing any benefit. The DNA Secure™ check system can help eliminate fraud, and protect consumers and businesses with safeguards far superior to anything currently offered in the industry of creating, delivering and processing checks.

We now have a DNA Secure™ choice! The system has been designed to allow easy integration into existing payment solutions online and the many alternative methods used to create unverified checks at the desktop or by mail order. Why continue to accept and tolerate any harm and losses from check related fraud and scams?

The VersaCheck® X1 DNA Secure™ Finance and Check Creation software line.

All VersaCheck® X1 DNA Secure™ software titles are engineered to easily design and print checks that are 100% compliant with ANSI X9 specifications and check processing requirements in the USA, Canada and many other countries worldwide. VersaCheck® X1 works alone and seamlessly integrates with QuickBooks, Quicken, Peachtree and others to merge check data from financial software with a large choice of DNA Secure electronic check templates. Printing checks on VersaCheck® DNA Secure™ blank security check paper saves users 50-80% or more* vs. pre-printed checks from mail-order or banks, and ensures compliance with financial industry standards. New DNA Secure™ blank check paper offers additional invisible print security features which become visible when exposed to UV (Black) light. VersaCheck® X1 DNA Secure™ software titles, Versaink magnetic MICR ink (required for the check bank code line) and VersaCheck® DNA Secure™ blank check paper are available from select retailers and versacheck.com.

VersaCheck’s DNA Secure™ ANY PAPER™ feature sets a new standard for on-demand custom check design, printing and safety. DNA Secure™ ANY PAPER™ lets users choose and print their favorite security check patterns in any color their printer is capable of printing. VersaCheck® X1 DNA Secure™ software then merges these designs with all the other unique check data and DNA Secure™ personalization to print a complete check using white micro-perforated DNA Secure™ check paper!

Export of accounting data to Excel spreadsheets has been improved to support the reporting needs of banks, accountants and management. VersaCheck.com has also included its 4X UltraSaver™ ink management software in all its VersaCheck® X1 DNA Secure™ titles to increase any inkjet and laser printer ink and toner yield by up to 400%.

The new VersaCheck® X1 DNA Secure™ line includes Presto, Gold, Silver, Platinum, Professional, and Enterprise. Specialty titles include VersaCheck® X1 DNA Secure™ for QuickBooks®, VersaCheck® X1 DNA Secure™ Payroll and VersaCheck® X1 DNA Secure™ Accounting and Checks. All versions of VersaCheck® X1 support quick and easy finance management and work with the latest versions of popular accounting programs like QuickBooks®, Quicken®, Peachtree and others. VersaCheck® X1 DNA Secure Professional targets more robust business needs by integrating with almost any accounting title and is licensed for up to 20 simultaneous users. The flagship of the line, VersaCheck® X1 DNA Secure Enterprise can scale to extend check authoring and printing to an UNLIMITED number of users AND locations within one company/organization. Users can work stand-alone to author and print custom checks from their desktop or simultaneously share the same data file throughout a network using any network connected PC. Validated Users can instantly print DNA Secure checks to local or remote network connected locations. Version comparison information is available at versacheck.com/compare.

VersaCheck® X1 DNA Secure software and paper are available from www.versacheck.com, retail outlets and stores online.

About VersaCheck.com

VersaCheck.com is a leading supplier of productivity hardware, software and supplies for both home and business use. VersaCheck.com offers products in retail outlets in the US and Canada. VersaCheck.com offers business automation solutions that enhance productivity, and payment processing safeguards while reducing costs. Currently, VersaCheck.com makes products and services available in many important areas of corporate and small business, including finance management, graphic design, ink and toner, printers, software and supplies in connection with DNA Secure™ check and forms printing, data capture, customer relationship management, sales automation, and accounting. VersaCheck.com also specializes in e-commerce solutions, such as Internet shopping sites and hosting, as well as electronic payment processing software for accepting and processing DNA Secure™ Checks and on-line credit card payments.

Integrating VersaCheck.com business automation and Internet commerce solutions offers businesses the unique strength of a cohesive business environment with seamless transaction flow. Ultimately, this unified environment promotes more safeguards, higher efficiency and superior productivity for individuals and businesses. The VersaCheck brand was recently licensed by F3 Information Systems, (UK) Ltd. F3 marketing and operations in the US are conducted through Global BizForce, headquartered in Hermosa Beach, California.

All product and company names herein are trademarks of their registered owners.

VersaCheck.com
565 Pier Ave #90465
Hermosa Beach, CA 90254
pressinfo@versacheck.com

Contacts

VersaCheck
Teri Davis
310-362-0519
pressinfo@versacheck.com

Contacts

VersaCheck
Teri Davis
310-362-0519
pressinfo@versacheck.com