Cheque Authentication and Verification using Automatic Scanning Machine
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From the earlier days, the conventional method of filling up a credit form in the respective banks for the deposition of the cheque and need to submit it. The disadvantages of this system are that the follow-up or the enquiry for the crediting of the cheque need to be done and also manual intervention is very much needed. To eliminate these disadvantages, an automated system which includes a QR code scanner and authenticator at the back-end. The check included with a QR code is scanned of which information obtained is verified with the details of the person’s account in the database maintained at the bank server. Once the authentication is done, the amount specified in the cheque of the respective bank and from respective account is being transferred to the intended person’s bank account. This mode of transaction reduces human intervention and instant transfer is possible.