Check fraud is rapidly increasing, with reports nearly doubling from 2021 to 2023. A major driver is mail theft, where criminals steal checks from USPS facilities or mailboxes, then alter or counterfeit them to withdraw funds before fraud is detected.
Criminals steal legitimate checks and financial data from the mail system. "Check washing" uses chemicals to change amounts/payees; "Check cooking" digitally manipulates stolen check images to create counterfeits. Stolen/altered checks are deposited by collusive account holders or sold to other criminals.
Businesses face payment delays, reputational damage, and operational disruptions. Consumers suffer credit score damage, stoppayment fees, delayed refunds, identity theft, and financial losses. Misallocated funds, time-intensive reissuance processes and the challenge of federal regulations that require banks to make funds available quickly, leave insufficient time to detect fraud before withdrawal.
eFraud Solution
A streamlined, single-stream check processing solution ideal for check cashing operations and nonprofits. It accurately extracts key fields-amount, payor, date, check number, stale date, MICR, and signature presence-reducing manual effort, improving accuracy, and enabling faster, more secure financial reporting and deposit processing.
eFraud360
A real-time, full-stream banking document processing platform delivering X9.37- compliant output. Supports checks, IRDs, deposit slips, money orders, and more. Designed for speed, accuracy, and compliance, it streamlines deposit workflows, reduces delays, and accelerates funds availability while maintaining rigorous fraud prevention standards.
Our eFraud Suite of products, powered by ParaScript's industry leading products, provides businesses of all sizes the ability to detect and remediate fraud before checks enter the banking system. Our single stream solutions also allow our customers to submit their deposit electronically avoiding the trip to the bank. Our products are deliverable on-premise and via a cloud based SAAS solution. Which enables us to provide this capability to both large and small businesses at a reasonable cost.
Check fraud is rapidly increasing, with reports nearly doubling from 2021 to 2023. A major driver is mail theft, where criminals steal checks from USPS facilities or mailboxes, then alter or counterfeit them to withdraw funds before fraud is detected.
Criminals steal legitimate checks and financial data from the mail system. "Check washing" uses chemicals to change amounts/payees; "Check cooking" digitally manipulates stolen check images to create counterfeits. Stolen/altered checks are deposited by collusive account holders or sold to other criminals.
Businesses face payment delays, reputational damage, and operational disruptions. Consumers suffer credit score damage, stoppayment fees, delayed refunds, identity theft, and financial losses. Misallocated funds, time-intensive reissuance processes and the challenge of federal regulations that require banks to make funds available quickly, leave insufficient time to detect fraud before withdrawal.
CheckXpert.AI SDK
An advanced deep learning SDK for check recognition, offering industry-leading CAR/LAR and MICR accuracy. Enables real-time deposit approvals with reduced manual verification, lowering operational costs while improving processing speed, accuracy, and fraud detection for financial institutions and payment processors.
CheckUsability SDK
CheckUsability combines image quality and usability analysis for financial documents. Uses artificial intelligence and machine learning to detect low-quality images on checks and Image Replacement Documents (IRDs).
Its Key Benefits includes helping financial institutions meet strict image quality and usability standards. It quickly validates critical image components for both personal and business checks.
CheckWashAlert.AI SDK
An AI‑driven SDK that detects altered payee names and amounts by analyzing handwriting patterns and styles. Compares against authentic samples to identify check washing attempts, providing a critical defense against one of the most common and costly forms of check fraud.
CheckStock SDK
A powerful SDK that detects counterfeit checks by verifying pre‑printed stock objects, layout relationships, and design integrity. Identifies even sophisticated forgeries, ensuring compliance, protecting assets, and reducing fraud losses for banks, credit unions, and payment processors.
Our eFraud Suite of products, power by ParaScript's industry leading products, provides businesses of all sizes the ability to detect and remediate fraud before checks enter the banking system. Our single stream solutions also allow our customers to submit their deposit electronically avoiding the trip to the bank. Our products are deliverable on-premise and via a cloud based SAAS solution. Which enables us to provide this capability to both large and small businesses at a reasonable cost.
Our eFraud Suite of products, power by ParaScript's industry leading products, provides businesses of all sizes the ability to detect and remediate fraud before checks enter the banking system. Our single stream solutions also allow our customers to submit their deposit electronically avoiding the trip to the bank. Our products are deliverable on-premise and via a cloud based SAAS solution. Which enables us to provide this capability to both large and small businesses at a reasonable cost.
WesTech provides cloud-based Intelligent Data Processing (IDP) solutions focused on document automation and data extraction. Our platform is designed to be accurate, secure, cost-effective, and easy to deploy, requiring no complex rules or add-ons.
Core Capabilities include Document Processing, which automated handling of scanned, faxed, and digital documents to cut costs and improve efficiency. Advanced Learning Solutions, that uses smart learning beyond basic OCR to capture data from both structured and unstructured sources, including handwriting. Cognitive Robotic Process Automation (RPA) which allows digital workers to automate workflows with high handwriting recognition and adaptability.
FormXtra.AI Capture
An enterprise‑grade intelligent document processing solution that captures, classifies, extracts, and validates data with exceptional accuracy. Features smart learning for rapid deployment, reduced configuration, and adaptability to evolving document types, enabling faster, more accurate workflows across diverse business processes.
FormXtra.AI SDK
A high‑performance capture engine designed for large‑scale, dynamic document environments. Automatically adapts to changing document streams, reducing maintenance and improving accuracy. Ideal for integrators and enterprises seeking scalable, customizable document capture and classification capabilities.
Invoice Data Extraction
Template-free, self-learning AI that handles tables, headers, and vendor addresses, extract complex invoice data with unmatched accuracy.
Receipt Capture
AI-powered, template-free accuracy, automatically extract and process receipt data, including handwritten tips, for faster expense management.
Document Classification
Classify and separate documents with AI to accelerate workflows, reduce manual effort, and enhance data accessibility.
Using ParaScript's industry leading products WesTech delivers ready-to-use, low-maintenance On-Premise and SaaS solutions that streamline workflows, reduce manual tasks, ensure compliance, and provide configurable reporting- allwith a scalable peritem pricing model.
Market Leading Products
Check Processing Solutions
Check Processing Solutions
eFraud Solution
A streamlined, single‑stream check processing solution ideal for check cashing operations and nonprofits. It accurately extracts key fields—amount, payor, date, check number, stale date, MICR, and signature presence—reducing manual effort, improving accuracy, and enabling faster, more secure financial reporting and deposit processing.
eFraud360
A real‑time, full‑stream banking document processing platform delivering X9.37-compliant output. Supports checks, IRDs, deposit slips, money orders, and more. Designed for speed, accuracy, and compliance, it streamlines deposit workflows, reduces delays, and accelerates funds availability while maintaining rigorous fraud prevention standards.
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