Welcome to Qcheque - 08-066-5176

Pairing Paper Checks.... with FinTech

QCheque Inc., is tokenizing & reinventing check payment system for banks to reduce fraud and increase revenue/fee income with new product qTcheck™.
Problem: The traditional paper check shows account number and makes you vulnerable to fraud. US Postal Service intercepted fraudulent checks worth $62 billion last year.
Solution: QCheque masks the account number with an encrypted token and facilitates every phase of check life cycle.

Vision: Eliminate check fraud.
 
Mission: Make checks the most secure form of payment.

How It Works

Bank or Credit Union offers tokenized check as a new product to reduce fraud and increase revenue. Customer opts-in because it does not show the account number. Team QCheque facilitates every phase of check processing life cycle.




Blog

Title: Strong Tail of Check Summary: Three reasons why checks are still going to be around in

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Financial Institute

A bank or credit union that facilitates the account number. Financial institutions issuing

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Qcheque Verify

Merchant is a recipient of the Qcheque. Anyone who accepts Qcheque (paper check) as a method of

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Awareness

Magnetic Ink Character Recognition aka MICR line is printed at the bottom of every check. It

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Brief History of checks

Checks have been around since 352 B.C. However, we'll fast forward and tell you what's relevant

  • 1950s

    Magnetic Ink Character Recognition aka MICR line printed at the bottom of every check was introduced for faster check processing.

  • 2003-04

    The Check Clearing for the 21st century Act aka Check21 was passed by the congress to allow the recipient of a check to create digital copy of the check and process it electronically / remotely.

  • 2017

    Introducing QCheque™ a new type of check, product line that is offered by banks and credit unions establishments. It replaces the account number withing the Magnetic Ink Character Recognition aka MICR line with a token on the checks.