Since the creation of the check, individuals have been continuously creating new methods to pass deceitful checks. seo The National Check Fraud Center estimates that 1.4 million fraudulent checks are written each day, costing services over ten billion in losses each year. With the advent of MICR toner and desktop laser printers, anybody with the right software, an HP LaserJet printer and blank check stock can print a check.
As a company owner, you and your company are vulnerable to check scams; however, there are ways to defend against it. Here are 6 steps that you and your company can follow to successfully prevent check scams.
1. Print Your Own Checks– Real Time – The main benefit to printing yourself is security. Typically an organization 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 unethical individual that encounters them – all they have to do is get a check from the bottom of the stack, eliminate it. In all probability, you’ll never ever understand that last check is missing till a minimum of a month later on, and that’s if you are lucky and you routinely reconcile your check book and take a look at each deal. We understand because that’s exactly what took place to us.
In 1993, we had an employee that unwisely took the last page in our check book. Our Ex-Employee filled them out to herself and passed them as payroll checks at a used car dealership. 구글 검색 광고 She did get that automobile and several weeks later on my partner’s better half noticed the uncommon checks.
By printing your own checks you just stock blank check stock and a MICR toner cartridge. There is nothing to take with your account details, they have absolutely nothing however a piece of blank check paper.
Another great advantage of printing your own checks real time is that if you move our modification savings account, you lose nothing. Simply modify your address or account numbering in your check printing software and you’ve made the switch– No wasted checks, no wasted cash, no awaiting new checks.
2. Purchase Secure Check Stock– When picking a blank check stock, ensure the check stock is packed with security functions– this will make it tough for a fraudster to copy or scan the check. Recently the US treasury department invested millions including security features the newly redesigned notes. A number of these same security features are now offered for check stock. Here are some security features to look for in check paper:
Photo Copier Void Pantograph– This causes the word VOID to appear in the background of a check when copied. A Void Pantograph is produced by engraining a precision pattern of lines and dots in the background of the check. The printing of the pantograph is so accurate that the VOID is not visible to the human eye, however when copied or scanned they appear making the copied check useless.
Micro Printed Border– This exact same technology is used on brand-new United States currency – amplify the border line around the portrait on the face of one of the freshly designed US expenses and you will see the border that appears to be a line is actually comprised of words. Even modern-day high resolution printers can not replicate type this little.
Chemically Reactive Check Paper– A typical method to ruin a check is to utilize chemicals to eliminate the existing composing to alter the amount or to whom a check is written to. When it comes in contact with chemicals or solvents 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 be visible on a copied or scanned check.
Listing of security features– An excellent check stock will list the security includes on the back of the check. What good is a security feature if no one knows what security features to try to find?
Positive Pay File Transmittal– A fantastic way to stop check fraud is to produce a favorable pay file and send it to your bank. Every time you print a batch of checks, you transfer a positive pay file noting the checks and their quantities to your bank. If a check amount is altered or a check is duplicated the bank will reject it because it does not match the positive pay file.
4. Inspect Storage/ Access– One key to preventing check fraud is removing, or a minimum of, decreasing access to files with your savings account number on them.
Mail Theft– Mail theft is a really common way checks
Given that the creation of the check, individuals have actually been continuously creating new methods to pass deceptive checks. With the development of MICR toner and desktop laser printers, any person with the ideal software application, 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 packed with security functions– this will make it difficult for a scammer to copy or scan the check. Every time you print a batch of checks, you transfer a favorable pay file listing the checks and their quantities to your bank. If a check quantity is altered or a check is duplicated the bank will decline it because it does not match the positive pay file.