What Cheque Guard does

Cheque Guard Inc. is a privately held, founder-owned US company founded in 1991 and headquartered in Burbank, California. It develops and sells check fraud prevention software for banks, credit unions, small and medium-sized businesses, and (more recently) family offices serving high-net-worth clients. The company's defining technology is the patented ChequeSeal™ encrypted barcode, granted a US Patent in 2001, which encodes critical check data (payee, amount, date, serial number) into an image-survivable barcode applied at the moment of printing and decrypted for verification at the bank. The product portfolio comprises four integrated solutions: ChequeSeal™ (encrypted issuance), CheckTeller™ (desktop authentication at point of deposit), CheckPoint™ (centralized validation and exception management), and Positive Pay (bank-clearing verification), forming a closed-loop fraud prevention system that also supports Barcode Positive Pay — a next-generation service that removes the issuer-file burden of traditional Positive Pay.

The underlying architecture integrates with major accounting platforms (QuickBooks, Sage, SAP, Oracle/PeopleSoft, Microsoft Dynamics, Acumatica, Yardi, MYOB, MAS, Timberline) and custom systems without requiring changes to those platforms. Revenue is generated through a mix of one-time software licenses (ChequeSeal™, ChequeSuite™), hardware sales and full-service maintenance agreements for MICR printers, recurring Positive Pay service subscriptions, and ongoing consumables revenue from check stock, secure envelopes, and toner cartridges distributed via an e-commerce storefront. Distribution is primarily direct enterprise sales supplemented by an e-commerce channel and a partner channel (notably Plumb Bill Pay, which embeds ChequeSeal into bill-pay workflows for HNW clients).

The company is led by President Emil Ramzy, has operated continuously for over three decades, holds active participation in ANSI X9 standards committees and the Financial Services Technology Consortium, and has received trade-press recognition (Banking CIO Outlook 'Top 10 Retail Banking Solution Companies 2021'). All operations are US-domestic, no external institutional investors or parent companies have been disclosed, and revenue figures are not publicly reported.

Name

Cheque Guard

Legal name

Cheque Guard Inc.

Website

https://cheque-guard.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Cheque Guard Inc. provides patented encrypted-barcode check fraud prevention software — ChequeSeal™, CheckTeller™, CheckPoint™, and Positive Pay — to US banks, credit unions, small and medium-sized businesses, and family offices, with revenue from licenses, MICR printers, consumables, and subscriptions.

Ownership category

akta.pro rank

Product category

Check Fraud Prevention Software

NAICS

Investigation, Guard, and Armored Car Services (56161)

SIC

Blank Checks (6770)

akta.pro primary industry

Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE)

akta.pro secondary industry

Cheque & Paper Instrument Clearing (FSABAJAG)

Keywords

• Check fraud prevention
• Positive pay solutions
• Check printing software
• Payment authentication
• Encrypted check barcode

Headquarters

HQ city

Burbank

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Operations, Infrastructure

Revenue model

1. Software Licenses (ChequeSeal™, ChequeSuite™): Software products for secure check printing and management. ChequeSeal™ provides tamper-proof check printing with encrypted barcode encoding. ChequeSuite™ integrates check printing with ACH payment capabilities. Products are sold as licenses with maintenance and support.
2. MICR Printer Sales: Sale of MICR (Magnetic Ink Character Recognition) printers with toner supplies for check printing. The company sells and maintains printers with toner low systems under full-service maintenance agreements.
3. Check Verification Hardware/Software (CheckTeller™): Desktop verification solution for banks and credit unions to authenticate checks at point of deposit. Sold as software/hardware bundle with scanner integration.
4. Positive Pay Services: Bank-integrated fraud prevention service that connects issued check data with clearing processes. Supports automatic file creation and secure transmission.
5. Check Stock and Supplies: Sale of check stock, secure envelopes, and toner cartridges. Free FedEx ground shipping on toner cartridges for online orders.

Distribution channels2 records

Marketing channels4 records

Core offering

Cheque Guard develops and sells a suite of check fraud prevention software anchored by its patented ChequeSeal™ encrypted barcode technology. The portfolio spans four flagship products—ChequeSeal™ (encrypted check printing at issuance), CheckTeller™ (real-time authentication at the teller line), CheckPoint™ (centralized validation, audit, and exception management), and Positive Pay (bank-integrated verification)—together with MICR printers, check stock, and toner supplies sold via an online shop.

Product overview

Cheque Guard offers a suite of integrated check fraud prevention and payment security products. The core portfolio consists of four flagship solutions: ChequeSeal™ (patented encrypted check printing and management software applied at issuance), CheckTeller™ (real-time desktop authentication at point of deposit), CheckPoint™ (centralized validation and audit platform for banks and enterprises), and Positive Pay (bank-integrated verification that transmits issued-check data to financial institutions). Together these products form a closed-loop fraud prevention system — ChequeSeal secures each check at the point of printing, CheckTeller verifies at the point of deposit, CheckPoint provides centralized oversight and exception management across the organization, and Positive Pay delivers the bank-clearing verification layer. The suite supports integration with major accounting platforms (QuickBooks, Sage, SAP, Oracle, Microsoft Dynamics, Acumatica, Yardi, MYOB, MAS, Timberline) and is designed for financial institutions, banks, credit unions, and small-to-medium businesses.

Differentiator

Problem solved

Functional benefit

Brands

• ChequeSeal™: Digital check encryption software that applies a tamper-proof encrypted seal to each check for fraud prevention.
• ChequeSuite™
• CheckTeller™
• CheckPoint™
• Positive Pay
• FormSuite

Products and services

• ChequeSeal™ Check printing and management software that applies a patented, encrypted digital seal (barcode) to every printed check, providing tamper-proof document integrity and end-to-end traceability from issuance to clearing. Integrates with all major accounting platforms and applies a unique encrypted seal per check.
• CheckTeller™ Desktop verification solution for banks, credit unions, and high-volume check recipients to instantly scan and verify the authenticity of incoming checks against ChequeSeal encrypted codes in real time at the point of deposit, using any standard desktop scanner.
• CheckPoint™ Centralized check validation platform serving as the command center of the ChequeGuard fraud-prevention ecosystem, providing real-time authentication, audit trails, exception reporting, and end-to-end visibility and control over check issuance and deposit validation, with daily check run uploads and Positive Pay integration.
• Positive Pay (Barcode Positive Pay) Bank-integrated fraud-prevention service that bridges a company's issued-check data directly with bank-clearing processes, feeding verified issue data to banks so altered or counterfeit checks are stopped before hitting the account. Works with ChequeSeal, CheckTeller, and CheckPoint as the bank-clearing verification layer of the closed-loop fraud-prevention system.
• MICR Printers and Check Stock Supplies Sale of MICR (Magnetic Ink Character Recognition) printers with toner supplies, check stock, and secure envelopes for use with the ChequeSeal check printing system. Sold via the online shop with free FedEx ground shipping on toner cartridges under full-service maintenance agreements.
• ChequeSuite™ (Check Printing with ACH) Windows-based check printing and management software integrated with accounting systems that enables secure, controlled check printing and electronic payment via ACH, concurrently creating a Positive Pay file for the bank as cheques are printed.
• FormSuite Check form software solution for IBM AS/400 series systems, allowing deployment of secure, controlled cheque printing in IBM AS/400 environments.

Quantifiable outcome

• CheckPoint™ implementation achieves 45-60% adoption rate compared to traditional Positive Pay adoption rate of only 11-25%
• +1 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration14 records

Feature6 records

Partnerships

One partnership is on record.

• Plumb Bill PaycoreStrategic or Co-development Partner · 25 July 2019Plumb Bill Pay, a premier back-office accounting and bill pay firm for family offices and high-net-worth individuals, partners with Cheque Guard for check fraud detection tools and software. The partnership combines Plumb Bill Pay's secure cloud infrastructure with Cheque Guard's top-rated ChequeSeal™ check printing security. Plumb Bill Pay uses ChequeSeal to replace individual check purchases from financial institutions, encrypting account data into a barcode for verification at the bank.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• OrboGraph: Private specialist in image-based check fraud detection and recognition (OrboAnywhere, OrboVerify). Highly comparable niche peer focused on the same bank and processor buyer for check authentication.
• Mitek Systems: Public company specializing in mobile check deposit, check image analytics, and identity / fraud prevention. Targets the same financial-institution check-processing workflow with overlapping check-authentication technology.
• Bottomline Technologies: Public fintech that offers Payee Positive Pay and broader check fraud / treasury fraud solutions to banks and corporates. Most direct head-to-head competitor to Cheque Guard's Positive Pay and barcode products.
• Digital Check: Established manufacturer of branch and back-office check scanners used at the point Cheque Guard's CheckTeller verifies checks. Same buyer ecosystem (banks, credit unions, processors) with complementary hardware vs Cheque Guard's software stack.
• RDM Corporation: Specialist in remote deposit capture and check-processing hardware/software for banks and merchants. Comparable niche peer serving the same check-image-processing workflow Cheque Guard authenticates.
• TROY Group: Private provider of MICR toner, secure check printing supplies, and check-security hardware/software. Directly comparable on the check-printing and physical-document security side of Cheque Guard's portfolio.

Broad incumbents

• Jack Henry & Associates: Large incumbent core-banking and treasury software provider whose jhaPayee Positive Pay and related fraud modules compete with Cheque Guard's offerings as part of a much broader bank-platform suite.
• FIS (Fidelity National Information Services): Mega-cap banking technology and payments processor whose Positive Pay, image check processing, and treasury solutions directly overlap with Cheque Guard's bank and corporate offerings, though delivered within a much broader platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/cheque-guard-inc.

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cheque Guard