- Unlike a notary stamp, a Medallion stamp assures the protection of the transaction. Each financial institution will typically only guarantee the signatures of its own customers. In the event of fraud, the organization that guaranteed the signature is liable.
- Over 7,000 financial services companies participate in the Medallion program as a courtesy to their customers. The Medallion program is widely recognized throughout the United States and Canada.
- Financial organizations must apply to Kemark Financial Services in New York to take part in the Medallion Guarantee program. Each organization must receive approval by the Securities and Exchange Commission and other agencies and execute a surety bond with an insurance company.
- Once a financial institution becomes a member, Kemark issues a STAMP2000 imprinter. This stamp uses a patented ink with a unique green pigment and incorporates bar code technology. The stamp produces an invisible security compound that is detectable only when using a STAMP2000 Transfer Agent Document Reader.
Protection
The Medallion Program
Applying
Special Equipment
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