I have developed an application which fills in a check with the whole MICR line and all details on the check.
It encrypts the Name and the MICR line including the Amount and generates a QR Code on the check.
Receiver can scan the QR Code and send it to a Server and the payer's account is debited and the payee's account is credited.
Advantages and Benefits:-
Banks need not print details on the checks.
Blank checks are delivered to clients reducuing risks of counterfeiting
Signee need not employ accountant to fill in the check
Receivers need not queue up to cash the check or wait 2 to 3 days to have the check cleared
Here are Screencast >>
ABOUT THE ENTRANT
Name: Louis Alain Desire Bastien
Type of entry: team
Louis Alain Desire is inspired by:
Fraud and usurper on Cheques
Software used for this entry:
RAD Studio XE10
Patent status: pending