I recently asked if anyone could assist regarding password breaking on a Versacheck program being used in an identity theft case. Thanks for the feedback from those who responded. If anyone's interested, the attached is a response I received from G7 Productivity Systems that produces Versacheck. They've been very supportive and have provided the resources needed to solve our problem. By the way - my apologies for not adding a political commentary. Jeff, In my position I see unfortunately that VersaCheck is quite popular with the bad guys, but at the same time, its probably beneficial that you all know what they are using because you learn how to corner them... its clear that our current checking systems using pre-printed checks can only attempt to thwart fraud using fancy paper or ink because it fails miserably in keeping data private, since its all visible right there on the check. Those methods will continue to fail because they are too easy to copy in this world. With the VersaCheck model, we have implemented the means in products that are currently shipping, the ability to encrypt sensitive personal and financial data that is on a check, and provide the ability to verify in real time the data on the paper with a record on the servers created by an "underwritten" payor (ie...we have vouched their identity). With our Qchex.com system, we've created and implemented the ability to deliver checks "person to person" with no prying eyes.. These systems VersaCheck, Qchex, Checkscape, are in place, and many people are adopting them, for the speed, and the security and the lower cost. We are sure that the benefits to society of making our checking system more secure outweigh the costs of the changeover from the old system, and we will continue to work towards a VersaCheck solution that is so compelling that the changeover will be bought into and pushed by those at the very highest level of government. The only favor we would need to ask is to forward my email up the chain, so people can talk about it. Many people don't view Versacheck as a solution until they really look closely at what we are doing. In the meantime, we will continue to refine our productivity based products and work hard. Thanks James Danforth, EVP/CFO G7 Productivity Systems
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