Considering that the development of the check, individuals have been continuously developing brand-new ways to pass fraudulent checks. 구글seo The National Check Fraud Center approximates that 1.4 million deceptive checks are composed each day, costing organizations over 10 billion in losses every year. Deceitful check authors have found a friend in brand-new technology such as color copiers, high resolution scanners and magnetic or MICR toner. MICR stands for Magnetic Ink Character Recognition, and it refers to the magnetically encoded line at the bottom of each check. Generally, this line might just be printed with a highly specialized magnetic ink on a balanced out press. However, with the introduction of MICR toner and desktop printer, anybody with the right software application, an HP LaserJet printer and blank check stock can print a check.
As a business owner, you and your company are vulnerable to inspect fraud; nevertheless, there are ways to defend against it. Here are 6 actions that you and your organization can follow to successfully prevent check fraud.
1. Print Your Own Checks– Real Time – The main benefit to printing yourself is security. Generally a company orders check stock from a company like Harland or Deluxe and they put the checks in a supply room or closet. These unused checks are a goldmine for any disreputable person that runs across them – all they have to do is get a check from the bottom of the pile, eliminate it. In all probability, you’ll never ever understand that last check is missing out on up until at least a month later, and that’s if you are lucky and you regularly reconcile your check book and examine each deal. Since that’s exactly what occurred to us, we know.
In 1993, we had a worker that unwisely stole the last page in our check book. We never ever understood they were missing out on. Our Ex-Employee filled them out to herself and passed them as payroll checks at an utilized vehicle dealership. She did get that vehicle and several weeks later my partner’s other half saw the uncommon checks. Had she not discovered the problem who understands just how much more money would have been taken prior to we got sensible to it. Long story short the bank had to eat the bad checks and they squandered no time making sure the case was prosecuted to the full degree of the law. We were fortunate and it only cost us time. Had actually the employee been licensed to sign checks we would have lost the money.
By printing your own checks you only stock blank check stock and a MICR toner cartridge. There is absolutely nothing to steal with your account information, they have nothing but a piece of blank check paper. If somebody is able to access your check printing software, of course you are still open to a new kind of fraud. Be sure it’s password protected and your network rights are setup so that regular users can’t access the directory that it resides in.
Another terrific advantage of printing your own checks actual time is that if you move our modification bank accounts, you lose absolutely nothing. Just edit your address or account numbering in your check printing software and you’ve made the switch– No lost checks, no lost money, no waiting on new checks.
2. Buy Secure Check Stock– When selecting a blank check stock, make sure the check stock is loaded with security functions– this will make it difficult for a fraudster to copy or scan the check. Just recently the United States treasury department spent millions including security includes the freshly upgraded notes. Many of these exact same security features are now available for check stock. Here are some security features to look for in check paper:
Photo Copier Void Pantograph– This triggers the word VOID to appear in the background of a check when copied. A Void Pantograph is produced by engraining an accuracy pattern of lines and dots in the background of the check. The printing of the pantograph is so exact that the VOID is not visible to the human eye, however when copied or scanned they appear making the copied check worthless.
Micro Printed Border– This same technology is used on new US currency – amplify the border line around the picture on the face of one of the recently created US expenses and you will see the border that appears to be a line is actually comprised of words. Even contemporary high resolution printers can not replicate type this little.
Chemically Reactive Check Paper– A common way to deface a check is to utilize chemicals to remove the existing writing to change the amount or to whom a check is composed to. When it comes in contact with solvents or chemicals making the check unusable, chemically reactive check paper will change colors.
When held up to the light, Watermark– Check paper with a real watermark will reveal up. A watermark will not show up on a copied or scanned check.
Listing of security features– A great check stock will note the security includes on the back of the check. What good is a security feature if no one knows what security functions to look for?
Favorable Pay File Transmittal– A terrific way to stop check fraud is to create a positive pay file and transmit it to your bank. Every time you print a batch of checks, you send a positive pay file listing the checks and their amounts to your bank. If a check quantity is altered or a check is duplicated the bank will decline it since it does not match the favorable pay file.
4. Examine Storage/ Access– One key to preventing check scams is eliminating, or at least, decreasing access to files with your bank account number on them.
Mail Theft– Mail theft is a very typical method checks
Because the creation of the check, individuals have been continuously creating new ways to pass deceptive checks. With the development of MICR toner and desktop laser printers, any person with the right software, an HP LaserJet printer and blank check stock can print a check.
Buy Secure Check Stock– When selecting a blank check stock, make sure the check stock is filled with security features– this will make it difficult for a scammer to copy or scan the check. Every time you print a batch of checks, you send a positive pay file listing the checks and their amounts to your bank. If a check amount is altered or a check is duplicated the bank will reject it since it does not match the positive pay file.