Since the Middle Ages, a bonafide cheque has been the most reliable and equitable means of doing a financial transaction. The concept is still valid in the complex contortions of modern commerce. The weakest link has always been the document itself, requiring compliant recognition by the Banker, that it was valid and genuine. The value, was in the cash promise.
As technologies improved, the escalation of cheque fraud elevated accordingly. Since a cheque is only useful between the designated respective parties with only promissory payment to the payee holder, explicitly limited to the amount as written…fraudulent schemes rocketed into fabrication of cheque instruments, to fool the merchant into handing over the goods, and the payee bank to hand over the cash. An unsuspecting Banker paid the price…in revenue loss, integrity and marketplace reputation. It was an expensive mistake to make.
In 1999 ORBIS changed cheque commerce industry banking in the Western Hemisphere.
By Design.
Cheque Security = The Sum of Its Parts
Beginning with specially layered cheque paper composed like currency, of embedded recognizable colored security fibers that fluoresce under black-light, color toners, inks and tints that evaporate if data or signature is altered, micro-prints visible as a line, but composed of ultra-small letter symbols and codes defeating high resolution replication or copy, and a matrix of 17 additional security element of covert document security features applied to the face AND the back of the instrument, ORBIS caused the Caribbean cheque fraud industry to plummet.
Our integration of custom ultra-high resolution LASER printers to manufacture the cheque product via “on-order” demand , produced security features that a WEBB offset printing press is incapable of. Coupled with custom production software that explicitly controls and manages every process of cheque order production preventing “extras” from walking out the back door and into the marketplace, The industry of making “fake cheques” was bankrupted.
Thieves lost their long-standing Bank cash conduit, while our Bank clients watched cheque fraud losses dwindle rapidly toward NIL. As their business improved, their marketplace reputation soared, and the bottom line became a lot larger. We all recognized a “trend” in motion.
From single greedy tricksters to multi-national criminal enterprises, when ORBIS entered the Caribbean Banking community replacing “other cheques“ in commerce, cheque fraud losses dropped, and then fell, and then plummeted to staggeringly small numbers. International correspondent Banks across the Caribbean began to feel the joy as the trend spread, and today we have become well acquainted across the Caribbean, for all the right reasons.
Today…our Bank clients enjoy a fraud loss ratio average of .0000001%. This number is actually the basis number of Bank high-speed processing equipment MICR code/ optical scanning “ misreading” error rates per written numerics, routing codes or account data of millions of cheques scanned daily, at 70 miles an hour. ORBIS is the only company in the Western Hemisphere providing this level of security and processing reliability prosperity.
Every cheque we touch, every day. We’ll do it again tomorrow.
Technology Cultivates Innovation
ORBIS has two US based Laboratories , each specifically structured and oriented to a designated purpose attendant to making Bank commerce safer, more secure and fiscally rewarding, while integrating factors and elements to make any Bank stronger and more resilient by preventing and sustaining crisis events, and assure Business Continuity. Our Cheque Protective Activities Laboratory provides our best efforts and wide spectrum of strategies and technology to protect customers and Bank cheque commerce from fraudulent impact. Our range of performance extends from super-secure small customer private accounts of four books comprising 100 cheques, to Bearer Bonds valued at Billions of US Dollars structured with our “Applied Patent” validation recognition profile confirmed by decoding radio wave isotopes embedded characters in a “unique” textual/graphics map for each Bond document. ( the Patent will never be issued, due to this technology deemed by the US Government as a Designated National Security Technology Asset )
We begin our security processes to secure and protect every ORBIS financial instrument with carefully vetted staff, specifically trained and performing tasks and duties in isolated departments, under extreme audio/visual and roaming armed security surveillance. Every aspect of every procedure, task and operation attendant cheque production is carefully monitored and restricted with ultimate control and accountability…. from key stroke, to delivery. These processes are designed, structured and back-up monitored at this Laboratory and constructively reviewed constantly to assure reliable composite performance, and targeting ways and means to conduct our commerce more safely, efficiently and reliably.
All confidential data is encrypted and redundantly digitally stored in fireproof safes. All work product paper waste is shredded and burned. All communication in any format, is encrypted.
Every single cheque, instrument, accountable intra-Bank form and numerically managed financial document undergoes rigorous monitoring and control under specific procedures and policy designed and integrated by this Laboratory, from loading the paper, to invoice payment deposit. Every single piece of paper from covert US origin manufacturer, to the specially designed inks, toners and varnishes, to cyber integration production operations security, to plain hardened multi-vehicle deliveries using alternative routes with rolling support armed plain-clothes security, is designed, tested and integrated by this Laboratory. It’s an ongoing process, that has no end. And it shouldn’t…we target our objectives very strenuously.
Is It Really Money ? Yes.
Digital currency in the form of plastic, cell phone apps, and ether-ware programs are becoming more “new user” prevalent while experienced victims become less enchanted as they suffer hacks, thefts, frauds and revenue losses by digital evaporation. The new found technological freedom of convenience has been easily adopted, while predators enjoy a windfall by simple long-distance key-stroke contrivance. ORBIS has a deep field “Cyber Unit” at the Security Laboratory, supporting our Bank clients with comprehensive elements, practices and technology to prevent such losses, but we can’t prevent their customers from playing “Digital Currency Roulette” where touch screen convenience can cost every cent in the account…at the speed of light. ORBIS cheques of course, defeat this technological access point by reliably putting the exact amount of money in commerce, into precisely the correct hands. However, digital currency commerce is becoming more marketplace integrated, with an ongoing race between Banks, merchants and consumers to prevent and protect against fraudulent acts, thefts and digital data formatted Kidnap for Ransom. Banks typically DO NOT cover digital fraud losses for a reason. The loss is almost never recovered. Intra-Bank technology thru the on-line routing processes can facilitate stopping the loss and reversing the charge if a Credit Card event is identified early in the process …usually. But customer losses via personal account cards are usually unrecoverable, and to sustain customer-Bank relationships, Banks often simply cover the loss and add fees to their marketplace performance to cover the annual numbers.
Not really a good way to do business. And the risk escalates, with every digital transaction.
Prevention is always the best course of action to prevent fraud loss, of any kind.
ORBIS has depth and strategic options to minimize losses and mitigate commerce impact. You should consider this very carefully, if you want to continue to conduct business, profitably.
What’s It Worth ?
The ORBIS security operations Laboratory is a weapon in our comprehensive arsenal to prevent, combat, mitigate and defeat Bank commerce revenue losses contrived thru fraudulent commerce schemes and criminal enterprises. The derivative value of this extreme security bias, is built into every element of our products and services as an “Added Value” performance objective. We construct comprehensive solutions to productively resolve critical event circumstances with predictably reliable tactics and strategies, promoting profitable Bank commerce and Business Continuity resilience. What’s it worth ? Everything you’ve got.
What’s it cost ? A fraction…of what everything you really want to keep. Today, and tomorrow.
ORBIS has designed and integrated a comprehensive program of systems, technological integrations and protocol procedures to prevent and defeat cheque fraud, protect and secure digital commerce, and assure intra-Bank trade data is secure, accurate and timely. We assist in confidential, explicit trade transactions by our Bank clients, by the millions every month. All of the them enjoy the same level of sophisticated security integrations.
Cost effectively, proactively, securely and rapidly making money move precisely where it belongs, is our sole objective. We strive to do this better every day, and prove we can.
Our “first” Bank client is still our client, mutually celebrating a 23 year relationship.
There’s a really good reason.
It all began with the paper…..