Security

Synopsis

FreeQuickWire.com provides one of the world's most popular and preferred methods to make send and receive electronic checks via the internet. The speed, economy and attractive features benefit almost everybody, from personal users making an occasional transaction on an auction site, to large companies handling volumes of check transactions every day.

Every year more than 80 billion non-cash payment transactions (such as Check, Credit Card, Debit Card and etc.) are processed in the US. The majority of these transactions account for check payments using US Postal Service or other delivery service provider. The cost and time loss associated with physical transport of checks amounts to over $40 billion annually or equivalent to over $500 per household. These unnecessary costs can be eliminated and freed up for other purposes by use of FreeQuickWire.com – A Free Service.

Note: The effective fee burden associated with most available forms of electronic payments, including debit and credit cards are typically even much higher than paper checks and are directly passed through to consumers. FreeQuickWire.com can be used as a free alternative to these expensive forms of payment. E.g.: The cost burden associated with a $250 payment can be estimated to be: $7.50 for PayPal, $6.50 for Credit Card, $0.50 – $4.50 for Debit Card – just to mention a few.

As a free and convenient online check delivery service FreeQuickWire.com does not endorse or guarantee transactions. The following questions and answers are presented to help FreeQuickWire users understand the security benefits of using this service and steps you can take if your transaction was not completed to your satisfaction.

As a general rule: You should always contact the other transaction party (i.e. the “check sender” if you are the “recipient”; the “recipient” if you are the “sender”) to clarify or settle any issue regarding your transaction. FreeQuickWire does not clear payments and has no control over users’ funds (unlike PayPal, Credit Card companies, banks and others providing financing and fund transfer services).

Does using FreeQuickWire.com help reduce your exposure?

• User email addresses are verified as part of the initial check transmission. No check data will be delivered unless the sender validates his/her email address and the recipient explicitly agrees to accept a check originated by the sender.
• Bank routing codes are automatically validated against a certified database and bank branches in addition to verification of check sender’s physical address.
• FreeQuickWire tracks check delivery status and confirms successful print at the recipient location.
• Checks are no longer handled by third party individuals or placed in unsecured physical mail boxes.
• FreeQuickWire does not offer user access to its data transmission server and temporary database records. Data are only temporarily stored on secure internet servers until printed at the recipient location or has expired (based on user defined expiration periods).

Is your FreeQuickWire.com information secure?

Your data is transmitted in real-time and only temporarily maintained using state of the art computer-based encryption and security methods (128-bit SSL, session monitoring, firewall, and secure access protection equipment). Security technologies advance frequently, and FreeQuickWire continually reviews the security model to ensure the highest level of privacy and safety for our customers. The FreeQuickWire system (patent pending) is one of the most secure, economical and fastest virtual document fulfillment systems available for consumers and businesses.

What can you do to conduct safe transactions and prevent fraud?

Conduct transactions with people and companies after you feel comfortable with their integrity as a check sender or recipient. In general, check account information is inherently unprotected since it is available on the face of every check you create in human readable form. Anyone you pay with a check is therefore theoretically enabled to conduct fraud, just like anyone who knows your credit card information can use it for fraud. In both cases, the unsuspecting consumer can mostly be held harmless by either a bank or the credit card issuer. Merchants on the hand have only little recourse in recovering from fraud – other than adding fraud losses into the “cost of goods” equation and passing it on to consumers and other businesses. To avoid damage you need to reconcile your bank records and account balances regularly. Please act immediately when you notice unusual activity by contacting your bank and/or the parties associated with any suspect transactions. However, whether you use the Internet or conduct transactions face to face, there is no perfect security against dishonesty and deceptive practices.

• Are careful with new customers or businesses you've never dealt with before
• Gather details before you deliver check information. E.g. make sure:
  • You know how to establish contact via telephone, fax, or email if questions arise
  • You understand how the service or product will be provided
  • You know when and how the goods are to be delivered
  • The Merchant promptly provides order, shipment and tracking data

What is FreeQuickWire Messenger?

The "FreeQuickWire Messenger" is a client software application that facilitates secure check printing and manages your communication with check senders.

• Conducts all transmissions using state-of-the-art encryption techniques
• Automatically notifies check senders when checks have been delivered and successfully printed by check recipients
• Prevents duplication or unauthorized reprinting of checks
• Monitors print status and manages reprint request (should checks be misprinted)
• Provides real-time notifications when new checks arrive
• Manages check sender list from approved to blocked check senders

FreeQuickWire Messenger ensures printed checks meet bank processing requirements. Accurate positioning of check data on blank security check paper is aligned precisely according to individual printer margins.

FreeQuickWire Messenger can be setup and ready to receive checks with just a few mouse clicks. This is a one-time download and installation process. The FreeQuickWire Messenger application installs as a regular Microsoft® Windows application and does not interfere with your system settings.

What should I do if I suspect a fraudulent transaction?

Take quick action! There are several steps you can take if you feel if you see suspicious activities on your bank statement, including:

• An unauthorized check transaction has appeared on my bank statement - Action:
  • Immediately notify your banking institution
  • If you suspect a deliberate fraud attempt: Close your bank account right away to void any further loss, your bank will provide you an "Affidavit of Fraud" form for you to complete
  • If applicable, file this document with your Bank to receive reimbursement
• A merchant has failed to deliver the goods or services I paid for - Action:
  • Contact the merchant and determine the status of your order
  • Visit the merchant's business and request order completion or refund
  • If you used a credit card, call the customer service number on the back of the card and dispute the charge
  • If you used a check, call your bank and issue a stop payment order
  • If the check has cleared your bank, refer to the steps above regarding unauthorized check transactions
• The check I received was returned unpaid by my bank - Action:
  • Contact the check sender and determine why the check did not clear
  • Do not ship goods to the check sender unless you are sure the check will clear
  • If goods or services were already provided, you need to undertake collection steps

Summary

The FreeQuickWire.com system provides "state-of-the-art" Internet security, strict adherence to privacy policies, accurate fulfillment monitoring and tracking, and data encryption during storage and transmission. Using FreeQuickWire.com to automate payments and commercial transactions significantly enhances productivity and saves cost while reducing the risk of fraud.