Ethent - Interactive Demonstration: Ethent's Positive Pay using one-way fingerpritys can eliminate losses from counterfeit bank checks.

Interactive Demonstrations

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One-Way Fingerprints Demo

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Problem

Altered and counterfeit bank checks are:

cashed by banks and other check payers.

accepted as payment for goods and services.

accepted for deposit by banks.

Solution

Provide Free web-based authentication so that:

a bank check's information can be authenticated before cashing or accepting as payment or for deposit.

counterfeiters cannot produce a bank check with the correct information without access to the actual check.

Benefits

Eliminate losses from counterfeit bank checks by detecting:

altered and counterfeit bank check dollar amounts and payees before cashing or accepting as payment or for deposit.

counterfeit bank check numbers before cashing or accepting as payment or for deposit.

Authentication

This demo will show how Ethent's Positive Pay using One-Way Fingerprints system can be used to authenticate a bank check's amount and payee information - even though Ethent doesn't know the bank check's amount and payee information.

Positive Pay Authentication

Positive Pay Authentication is a system in which a paying bank compares the amount and payee information printed on a bank check with the amount and payee information previously received from the bank check issuer. If there is a match the check is paid - if not the check is not paid.

One-Way Fingerprints Authentication

In this demo One-Way Fingerprints of a bank check's amount and payee are calculated and these fingerprints are used to authenticate the amount and payee information printed on a bank check.

Fingerprint

A Fingerprint of a bank check's amount or payee is a unique mathematical representation of the bank check's amount or payee.

One-Way

A bank check's fingerprints are One-Way if the amount and payee cannot be calculated from their fingerprints.

Example

For example, If the amount printed on a bank check is $945.62 and its fingerprint is "5a37b15891678db6b6f77ab35cde7949a20dcc1c", then this fingerprint is one-way if the $945.62 cannot be calculated from this fingerprint.
See Ethent Notes: "One-Way Fingerprints" for a more complete discussion.

Calculate One-Way Fingerprints

For this demo these bank and account numbers are assumed:

Bank Number: 1234

Account Number: 5678

Provide a real or imaginary Check Number, Dollar Amount and Payee for a check - then click Submit.

Check Number

Amount $

Payee