Fraud Security and PreventionThe Future of the Bank Cheque

Francisco Caeiro – CEO Brithol Michcoma Mozambique

The Future of the Bank ChequeCheque Usage in Nigeria

• Nigeria Clearing House Statistics

Fraud Security and PreventionOldest Cheque in Record

• Oldest cheque in record in the UK• 16th of February 1659

Fraud Security and Prevention Oldest Cheque Fraud in Record

• Oldest cheque FRAUD in record in the UK• 18th of February 1659

Fraud Security and PreventionWhy the upward trend?

• Simply because of:– Lack of reach;– Lack of infrastructure;– Lack of confidence;– Lack of commodity;

Fraud Security and PreventionCheque fraud types

• Most used cheque fraud types:– Cheque cloning;– Stolen/Forged cheque;– Cheque washing and alteration;– Conterfeit cheques

Fraud Security and PreventionHow can we help you fight fraud?

• How to fight cheque cloning?– UV (two or more colours);– Hologram;– Object Positioning Technology;– Brithol Michcoma’s proprietory 2D magnetic

barcode system;– Brithol Michcoma’s SMS code authentication

system;

Fraud Security and PreventionHow can we help you fight fraud?

• How to fight cheque theft and forgery?– Don’t leave your cheque book unattended!!!– Customer education and information;– Brithol Michcoma’s proprietory 2D magnetic

barcode system (information encryption);– Brithol Michcoma TruID Verification System;– Brithol Michcoma SMS InstAlert System;

Fraud Security and PreventionHow can we help you fight fraud?

• How to fight cheque washing and alteration?– Personalise cheques with ink that bleeds red (or

another colour) when in contact with chemicals;– Brithol Michcoma’s proprietory 2D magnetic

barcode system;

Fraud Security and PreventionHow can we help you fight fraud?

• How to fight cheque conterfeiting?– ALL OF THE PREVIOUS!

So can you beat fraudsters? YES YOU CAN!

We help you erradicate fraudThank you!

Francisco Caeiro – CEO Brithol Michcoma Mozambique