Finance committee  Mr. Chair, thank you for the opportunity to address you. I'm the COO of VisionCraft Development. Nationally VisonCraft supports corporations large and small with a cheque system, EFTs, positive pay, and fraud audits. Today I am speaking with respect to the cheque-scanning portio

Finance committee  You're right. Now my clients--large and small business and individuals--are open to excessive amounts of fraud because all of these fraud features are taken off their cheques, as opposed to in the U.S., as I said, where they're expected to put them on. What do we do? They're go

Finance committee  So your auditors come in and say they need to see the last 400 cheques from the last couple of years. It's going to cost you a great deal of money, or you're going to have to have been paying your bank for the cheque-scan database.

Finance committee  Right now, corporations--my clients, anyway--big oil and gas, government bodies, are getting either a disc with their cheque scans on it, some of them or they're not receiving their cheques back at all or they are receiving photocopies, in which case the bank is destroying the ac

Finance committee  They actually aren't. My clients are not receiving their cheques back, and they have asked.

Finance committee  They may be entitled, but the banks are not—

Finance committee  I'm not agreeing.

Finance committee  Will there be something in a bill to ask that the fraud features be put back on cheques? Corporations are now being put in the place of having extensive fraud they can't prevent.