ROCHESTER, N.Y. July 27, 2011
Under the Federal "Check Clearing for the 21st Century Act," banks are no longer required to return cancelled checks to customers. High-speed scanners are used by banks, as well as corporations to create electronic images of checks and paper documents for digital storage. In addition, businesses are now digital imaging checks using desktop scanners.
According to Mr. Caton, "This technology is a major breakthrough. Banks, consumers and corporations are now scanning checks and documents using commercial grade high speed scanners and desktop scanners. This new digital processing created a need to verify the authenticity of the scanned check or document. DSS was the first in the world to create a ‘survivable’ hidden check image that is embedded on the paper check or document during the traditional printing process. When a consumer or business scans a paper check or document that contains our technology, a hidden image reveals itself on the digital version of the check (shown on monitors) to prove authenticity."
DSS has one of the most extensive, effective optical deterrent and authentication patent portfolios in the world. No other company has developed effective anti-scanning technologies to prevent counterfeiting and brand fraud, which are crimes that continue to grow uncontrollably around the globe.
In 2010, DSS’s valuable, patent portfolio was ranked in the 90th percentile of 1,600 small cap companies with U.S. Patents according to a MDB Capital Group analysis. This analytic is based on PatentVest, which was developed by MDB’s proprietary intellectual property intelligence program.
About DSS (Document Security Systems, Inc.)
SOURCE Document Security Systems, Inc.