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, stop-payment 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.

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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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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, stop-payment 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.

In addition to detecting check fraud, our solutions provide check data extraction capability. Extraction of data, such as, Date, Amount, Check Number and MICR can facilitate electronic deposit of the checks. Alternate data that can also be extracted can include Maker, Payee and Memo Line. Which can be used in downline reporting.

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.

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SignatureXpert.AI SDK

A high‑accuracy signature verification SDK supporting both American and European styles. Uses multi‑feature analysis to detect anomalies, authenticate signatures, and prevent fraud. Ideal for banking, lending, and government applications requiring reliable, automated signature validation at scale.

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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.

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.

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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.

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Document Classification

Classify and separate documents with AI to accelerate workflows, reduce manual effort, and enhance data accessibility.

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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 — all with a scalable per-item pricing model.