For most U.S. merchants, business checks remain the primary payment tool used in routine business transactions. Due to the constant threat of check fraud, it is crucial for owners of both new and established businesses to understand and identify the various forms of fraud. To better protect businesses, merchants may utilize the latest and most effective check security features offered by top business check printing providers.Read More
Tags: Check Fraud
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.”Read More
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.Read More
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.Read More
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.Read More
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.Read More
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.Read More
The Cost of One Bad Check
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.
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.