Demonstrations of the interoperability of Interoperable image-survivable Check Security Features (ICSFs) are vital for educating the industry and for encouraging the adoption of both ICSFs and the necessary element of interoperability. Advanced Software Design Corporation (ASD) and PaymentsNation are part of a collaborative effort working together to help banks stop fraud by creating a framework that allows multiple vendors’ sophisticated ICSFs to be easily validated from any check image through a common set of messages and using a single process, said ASD.
Karroll Searcy, COO of PaymentsNation, said: Working with ASD makes it possible for our members and other financial institutions to more easily experience the value that interoperable validation plays in fraud detection for the bank of first deposit. Through this arrangement ASD continues to tangibly demonstrate its commitment to the industry with technology, products and knowledge for the detection and prevention of payments fraud.
Calin Sandru, president of ASD, said: ICSFs are necessary in a Check 21 image-exchange world. We are pleased to support PaymentsNation, an organization that has taken a leadership position in the effort to educate the industry about interoperability and implementation of the X9 standard for ICSFs.
