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How Do I Prevent Returned Checks?

Posted by Joe Gargiulo on Mon, Feb 29, 2016 @ 07:00 AM

Americans love figures of speech and proverbs, especially those expressing a level of wisdom assumed by the speaker. Some people say “shoulda coulda woulda” while others believe “almost only counts in horseshoes and hand grenades."

“Good night and good luck” was introduced by Londoners bidding farewell the night before 1940 Luftwaffe bombing raids, and later assimilated by American radio legend Edward R. Murrow. That sense of finality, however, was best captured by Benjamin Franklin: “In this world, nothing can be said to be certain except death and taxes.”

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Tags: Check Fraud, Check Guarantee, Joe Gargiulo, Returned Checks

Payment Systems Fraud and Data Breaches: Risks and Consequences

Posted by Brandes Elitch on Wed, Jan 06, 2016 @ 07:00 AM

If you’ve been reading the CrossCheck blog for a while, you know that as a payment guarantee company, our role is to assist at the point of sale and guarantee a payment or stream of payments to be made in the future. Thus, we make a sale happen that would otherwise not happen.

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Tags: Check Fraud, Payments, fraud

Check Criminals Make Auto Dealer Check Acceptance Policies a Priority

Posted by Tom Lombardo on Sat, Sep 26, 2015 @ 07:00 AM

In 2012, a Chicago area man plead guilty to writing twenty-four worthless checks to auto dealerships, including ones in Illinois and Wisconsin that lost over $70,000. And he's at it again. 

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Tags: Check Fraud, Tom Lombardo, Auto Dealerships

Only One in Four Merchants Ready for October 1 EMV Credit Card Switch

Posted by Tom Lombardo on Fri, Sep 25, 2015 @ 07:00 AM

A survey of 2.42 million merchants found that only 27% of them expect to be EMV-ready on October 1.

That's not what regulators and the industry expected -- especially because, on October 1, merchants without the new technology will become liable for credit card fraud.

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Tags: Check Fraud, Tom Lombardo, Credit Card, EMV

As EMV Credit Card Processing Deadline Approaches, Fraud Explodes

Posted by Tom Lombardo on Thu, Sep 24, 2015 @ 07:00 AM

According to the latest fraud study done by LexisNexis, brick-and-mortar merchants have have seen a 25% spike in fraudulent credit card purchases in the past twelve months alone.

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Tags: Check Fraud, Tom Lombardo, Credit Card

EMV Deadline Fast Approaching - October 1, 2015

Posted by Tom Lombardo on Wed, Sep 23, 2015 @ 10:49 AM

On October 1 merchants who can't accept the new EMV chip-embedded credit cards will become liable for credit card fraud occurring at their business.

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Tags: Check Fraud, Tom Lombardo, Credit Card, EMV

The Cost of One Bad Check

Posted by Tom Lombardo on Tue, Jan 13, 2015 @ 11:29 AM

The Cost of One Bad Check

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Tags: Checks, Check Fraud, Tom Lombardo, Bounced Check, Returned Checks

Data Security Threats: Learning from Big Box Retailers - Part 2

Posted by Tom Lombardo on Wed, Oct 08, 2014 @ 10:00 AM

When two Canadian teenagers surfing the Internet found the manual for the ATM machine their bank stationed at their local mall they decided to see if they could hack into it. Following the manual’s instructions while standing at the ATM in the mall (on their lunch break from school, no less) they were able to launch the login for “operator mode” and promptly discovered that the bank had never changed the default password, which was conveniently included in the manual.

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Tags: Retail, Check Fraud, Check Guarantee, Tom Lombardo, Data Security, Fake Check

2 Check Fraud Methods Eating Away at Merchant Profits

Posted by Brandon Weaver on Tue, Sep 23, 2014 @ 10:00 AM

Have you ever been frustrated to get a red-alert email or call from your bank warning you of credit card fraud? I have, and while I am grateful for the precautionary steps the bank took in order to protect my account, it’s frustrating at the same time. First, because I was the victim of fraud. And second, because when they issue me a replacement card I have to re-save the new card information with all the online merchants I do business with.

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Tags: Check Processing, Check Fraud, Brandon Weaver, Fake Check

Payments and Payments Processing: Not All Paradigms Must Shift

Posted by Tom Lombardo on Tue, Sep 09, 2014 @ 02:00 PM

So tell the truth: how big was the largest QR code you ever had printed for your business’ website? Was it four feet square on a billboard? Two feet square on a tradeshow display? Was it on your business card? A promotional mailer?

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Tags: Check Processing, Payment Processing, Check Fraud, Tom Lombardo

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