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When “Insufficient Funds” is Check Fraud – And When It’s Not

Posted by Tom Lombardo on Sat, Jul 05, 2014 @ 10:00 AM

Ask any business owner why she accepts checks and she’ll probably point out a few critical facts: Baby Boomers, who make up 44% of the population, hold 70% of disposable income and buy 49% of consumer goods. They also write checks more often than any other demographic, which helps explain why checks account for 33% of the value of all transactions in the United States – even in an era of proliferating digital payment innovations.

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Tags: Check Fraud

Fake Checks?: Mystery Shopping, Lottery Winning and Over Paying

Posted by Brandon Weaver on Fri, May 30, 2014 @ 10:00 AM

According to Fraud.org, checks were targeted as the most prevalent vehicle in 2013, accounting for 23% of all gamuts. They can happen in your store or online and can burn your profits, give you headaches, and cause you to waste time recovering what is rightfully yours – payment for goods and services. They’re not all as obvious as the notorious Nigerian check, and some are downright clever.

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Tags: Check Fraud

How to Spot a Fake Check ... Guaranteed!

Posted by Heather Brautman on Mon, Feb 24, 2014 @ 10:19 AM

Collecting payment for your goods and services may often feel like you’re in the midst of a constant battle. You’ve got to swipe high-value paper cash with security markers, you eyeball credit card machines for “Declined” messages, but what are you doing to combat counterfeit checks?

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Tags: Check Fraud

Bad Checks at Home Furnishing Stores: A Tail of Nine Lives

Posted by Heather Brautman on Tue, Aug 27, 2013 @ 10:00 AM

Cat got your tongue? It may feel a whole lot worse than cat scratch fever when your bank starts levying bad check deposit fees against you, or worse, you’re out both the money for your furnishings as well as the furnishings themselves. Beware this morality story unless you and your home goods store have nine lives to spare.

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Tags: Home Furnishings, Check Fraud

6 Tips To Reduce Bad Checks Without A Verification Service

Posted by Kris Coughtry on Tue, Aug 06, 2013 @ 10:00 AM

The sign is up, the inventory is in, your staff is trained. You’ve done it - you’ve opened the doors to your new retail store and are ready to welcome customers. As a new business, in addition to forecasting sales and stocking shelves, you’re probably thinking about what payments to accept. For some business owners, it may seem that the best way to avoid the risk of a bad check is to not accept checks at all. But to do so means fewer sales and fewer customers, not exactly the best way to start off a new business.

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Tags: Check Fraud, Check Verification

Tell Check Cheaters to Go Fly a Kite

Posted by Heather Brautman on Tue, Jun 25, 2013 @ 10:00 AM

Two kinds of check fraud are on the rise – but you’d never know it from their fun, outdoorsy, active-sounding names. Check kiting and paperhanging are far from their enjoying-nature and decorating-the-home monikers. They’re damaging enough to take down your company, and even the most vigilant and educated of business owners stand to lose millions to these scams.

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Tags: Check Fraud

Tips to Tackle Check Fraud Crimes

Posted by Kris Coughtry on Fri, Feb 01, 2013 @ 10:00 AM

Check fraud and forged checks mean losses for several parties: the business receiving the check, the person, or business, whose account was compromised and the financial institutions sorting it all out. Recently, several arrests for check fraud have made the news. One arrest involved a woman in California who created checks using blank stock in her home and then purchased gift cards with them. 

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Tags: Check Fraud

Frank Abagnale vs. Nigerian Prince: Fake Check Battle!

Posted by Brandon Weaver on Fri, Dec 21, 2012 @ 02:37 PM

The Jerusalem Post reports that 507 checks from around the world, signed but not made out to anyone, were found in an envelope at Jerusalem's Western Wall on Wednesday. The checks are worth about a half a billion dollars! Hoax or not, this got my attention.

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Tags: Check Fraud

Check Fraud Victim's 6 Step Guide for Recovery

Posted by Kevin Walli on Fri, May 04, 2012 @ 01:00 PM

If you believe that you are a victim of check fraud
there are several steps that you should take immediately to protect yourself from legal issues, cut your losses and to assist law enforcement in pursuing a case against those who have defrauded you. 

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Tags: Check Fraud

Check Services vs. Check Fraud

Posted by Kevin Walli on Mon, Apr 30, 2012 @ 10:00 AM

Startling Check Fraud Stat of the Day - What is Check Fraud? Ernst and Young reports that more than 500 million checks are forged annually in the U.S., with losses totaling more than $10 billion.

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Tags: Check Fraud