Benefits and Features

Inside CheckwashAlert.AI

Check washing, a prevalent form of financial fraud, involves the malicious alteration of payee names and amounts on checks, often leading to unauthorized deposits. Criminals adept at this technique remove handwritten details from legitimate checks, enabling them to rewrite crucial information to their advantage. Mailbox theft is a frequent source of these genuine checks, creating an urgent need for advanced fraud prevention measures.

CheckwashAlert.AI is a next-generation product designed to combat check washing fraud with unparalleled efficacy. By automatically analyzing the style of handwritten text in both the payee name and legal amount fields on US business or personal checks, CheckwashAlert.AI establishes the highest standards for check analysis.

Innovative AI Technology at the Core

CheckwashAlert.AI employs multiple unique and fundamentally different algorithms to analyze the style of text on a check-in-question and to compare it to the authentic text style on reference images or the style of text in fields other than the payee name and/or amount on the presented check. The core algorithms utilize the most innovative Artificial Intelligence (AI) methods in image analysis and pattern recognition to enable the product to analyze handwriting patterns on a check presented for verification. It works to identify anomalies that may be indicative of check washing.

Next-Generation Fraud Prevention

Versatile Reference Source Options

To ensure comprehensive analysis, CheckwashAlert.AI utilizes multiple handwriting reference sources. In cases of fully washed checks, the product compares text styles against authentic samples of handwriting from checks or other documents. For partially washed checks, unaltered handwriting from various fields, including the memo line, date, CAR, and signature, is used for comprehensive comparison, providing results for different fields found on a document.

Field-Specific Confidence Analysis

For each specified field on a check presented for verification, CheckwashAlert.AI will return results that include the following: the indicator of a reference image with the best text style match, the name of the field on the reference image that had the best text style match with the specified field, and the confidence value of the best match. Additionally, CheckwashAlert.AI will provide an aggregated result of text style comparison for the entire check presented for verification.

Patent-Pending Cutting-Edge Technology

CheckwashAlert.AI features patent-pending technology, adding to Parascript's robust portfolio of over 20 patents. This highlights Parascript's dedication to delivering innovative software solutions that empower customers to effectively safeguard their assets and clients.

Versatile Reference Source Options

CheckwashAlert.AI utilizes multiple handwriting reference sources.

Utilize Unaltered Fields as a Reference Source

For a partially washed check, unaltered handwriting from the memo line, date, CAR, and signature can be used for comparison. CheckwashAlert.AI will return results for different fields found on a document.

Reference Authentic Handwriting

In the case of a fully washed check, CheckwashAlert.AI analyzes the style of text in specified fields on a check presented for verification and compares it against authentic samples of handwriting, which may be available as checks or any other documents or document snippets.