Protect your business and customers against cheques bounce

ChequesVerifier

ChequesVerifier is a premium cheque payments security service designed to allow different businesses to have their cheques validated in near real time by issuing banks and banking experts. This is to eliminate cheques bounce and fraud attempts.

Our validation scenarios take into consideration the different methods of fraud: cheque forgery, stolen checkbook, deceased checkbook owner, NSF cheques, invalid endorsements, certified cheque intercepts, unsettled past incidents and others.

Live Verification

Our solution connects our customers, in near-real time, to all national banks as well as to all banks in several countries in Africa, Europe, Asia and North America. Validation demands processing starts the second of sending through our mobile application, and the responses are transfered in few minutes.

Our system allows our customers to send several requests at the same time and to follow the progress of their operations in real time.

Validation criterias

After receiving the requests, the issuing banks with our banking experts validate the cheques by respecting all security criterias:
The validity of the account (Open, blocked or closed)
The validity of the balance (Checks if the issuer has a sufficient fund)
Signature conformity (Useful in case of checkbook theft)
The validity of the physical check (If it is valid, falsified or stolen)
The conformity of handwritten elements noted on cheques
Analysis of scratches, discolorations, etc
past incidents not resolved by the same client
Approval of overloads and erasures
The absence of opposition
Plus other criterias

" Cheque frauds cost millions of dollars every year and destroys businesses and personal lives. ChequesVerifier was designed to protect companies from financial losses due to cheques frauds and cheques bounce and to protect citizens from unintentional errors "

Eliminate cheques fraud and cheques bounce

The statistics for the end of 2015, which focus on financial crimes, show in crystal clarity the risk of cheque payments in our country :

In the first quarter of 2015 alone, the banks did reject 188,758 cheques for various reasons
On average, 3 out of 100 cheques are rejected by the issuing banks.
Until the end of 2015 there were 2.9 million unresolved legal follow-ups in courts
In the same period 72.5 billion dirhams remain unpaid behind the transactions by cheques.
Now more than 621 990 people have been banned from having a checkbook.
Every day there are on average 120 to 200 lawsuits filed in the courts, averaging more than 30,000 cases annually, and cases not legally monitored are much more.

Financial Crime Statistics 2012-2016

ChequesVerifier is the best service for securing cheque payments. It protects businesses perfectly against unpaid fees and fines caused by bounced cheques and fraud attempts. This is realized by considering the different types and scenarios of cheque scams and falsifications:

Blocked accounts
Deceased accounts
NSF cheques
Blocked funds
Fraudulent certified cheques
Forged cheques
Stolen checkbooks
Unresolved incidents
Invalid endorsements
Invalid signatures

Excessive use of cheques during the same day

ChequesVerifier supports all Moroccan banks and several foreign banks

" Our experience in the market has proven that frequent cheques bounce and unpaid cheques are a common and repetitive problem and source of complaint for many businesses and companies. ChequesVerifier has been designed to meet this insistent need for security in an efficient and optimal way"
XTS HYBRID Founder

Principle of operation

It is simple !

Send a new validation request in two clicks

Monitor the progress of your operations in real time

Install the application and register

Our mobile application is downloadable from AppStore and GooglePlay for you to install for free

In the application you can create your account by specifying a username, password and business type

Your account will be activated within a maximum of 12 hours after payment

Consult pricing

Send requests

To perform a cheque validation operation, simply scan the cheque from the application and click "Submit". (Please include the 4 corners of the cheques in the scans as shown in the image)

The application allows to send several requests at the same time. The processing results are listed and organized in order of receipt on your application

Consult the results

The processing of your request starts the second of sending and the answer is sent to you, by the banking experts, after a few minutes

You can follow the progress of your operations in real time

IMPORTANT NOTE: All staff of the same structure can use ChequesVerifier via several mobile devices using the same account. Consequently, all validation results related to this structure are visible for each staff member.

Simplified Data flow

Validate your cheques in near-real time

This service connects our VIP customers, in near-real time, to all banks nationally as well as all banks in several countries in Africa, Europe, Asia and North America.

Validation requests are processed by banking experts and issuing banks, start the second of sending via our mobile application, and the results of the operations are communicated to our customers in a few minutes.

Our system allows our customers to send several requests at the same time and to follow the progress of their requests in real time.

See Data Flow

" The duration between sending the request and receiving the answer does not exceed a few minutes: from 2 to 5 minutes. Each cheque is processed by two agents at the same time to handle all security aspects"
XTS HYBRID Founder

Validation Criterias

In order to detect the different types of intentional or unintentional cheque fraud and forgery, ChequesVerifier connects small and large companies to the cheques issuing banks, as well as our banking experts to validate their bank cheques while respecting all security criterias :

The validity of the account (Open, blocked or closed)
The validity of the balance (Checks if the issuer has a sufficient fund)
Signature conformity (Useful in case of checkbook theft)
The validity of the physical cheque (If it is valid, falsified or stolen)
The conformity of handwritten elements noted on cheques
Analysis of scratches, discolorations, etc
Incidents not resolved by the same client
Approval of overloads and erasures
The absence of opposition
Plus other criterias

Install ChequesVerifier

Each cheque is validated by two banking experts

Instantaneous Technical Support

Our teams are always available to inform, answer questions and train our customers if necessary. Our communications are done through our online meeting tools in order to be able to share screens and have more clarity during the exchanges.

FAQ - Frequently Asked Questions

Do I need specific equipment to start using this service?

No, you just need to have any smartphone or tablet (Android, IOS, Windows Mobile, Blackberry etc) and a 3G, 4G or ADSL/Wifi internet connection and that's it, you're ready to start

Is it possible to connect from several mobile devices with the same account?

Yes, simply install the application on several devices (Smartphones and tablets) and log in using the same account (same username and password). In this way the different operations are visible from all these devices. This option allows several staff members of the same structure to perform the validation operations.

How long does the validation process take on average?

Operations take between 2 to 3 minutes and sometimes less. The duration depends on the workload at the bank level and at the level of our teams.

Why not just call the issuing bank ?

Telephone calls only check balances and offer no means to check counterfeit certified cheques, forgeries, checkbooks theft and other reasons for cheque rejections as : blocked funds, deceased accounts owners, invalid endorsements, invalid signatures etc.

Banking experts can analyze cheques with more rigour and know-how

Our service allows you to check unpaid cheques issued by the same customer in other businesses and stores.

Calling the issuing banks will slow down your queue and your work procedure

Calling the issuing banks in the presence of your customers may reduce their satisfaction with your service.

Which countries are covered by the International Package?

In North America: Canada, United States of America

In Southern Europe: Spain, France, Italy, Andorra, Gibraltar, Greece, Portugal

In Northern Europe: Belgium, Germany, Holland, Norway, United Kingdom, Sweden, Switzerland, Austria, Denmark, Finland, Ireland, Iceland, Luxembourg

In Africa: Morocco, South Africa, Algeria, Tunisia, Libya, Egypt, Mali, Senegal, Sudan

In Asia: Bahrain, Cyprus, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates, Yemen

What are the service's operating hours?

The service is "Live" (in real time) every day from 8am to 4pm except weekends (which corresponds to bank hours)

The reception of requests remains active 24 hours a day, 7 days a week.

How can I register and log in?

To create an account you must send us your name and type of business by email and we will send you your username and password

What are the payment methods?

Western Union : (Transfer fees are not included in our service rates)

Wafacash(Transfer fees are not included in our service rates)

Banque populaire (BP)

WafaBank

E-PAIMENT : VISA & MASTERCARD