Given that the creation of the check, people have actually been constantly developing brand-new ways to pass deceptive checks. The National Check Fraud Center approximates that 1.4 million deceptive checks are composed each day, costing businesses over 10 billion in losses annually. Fraudulent check authors have found a friend in new technology such as color photo copiers, high resolution scanners and magnetic or MICR toner. 트래픽 프로그램 MICR represents Magnetic Ink Character Recognition, and it refers to the magnetically encoded line at the bottom of each check. Generally, this line could just be printed with an extremely specialized magnetic ink on a balanced out press. With the development of MICR toner and desktop laser printers, anyone with the ideal software, an HP LaserJet printer and blank check stock can print a check.
As a business owner, you and your business are susceptible to check fraud; however, there are ways to guard against it. Here are 6 actions that you and your organization can follow to effectively resist check fraud.
Typically a business orders inspect stock from a company like Harland or Deluxe and they put the checks in a supply space or closet. These unused checks are a goldmine for any disreputable individual that runs across them – all they have to do is grab a check from the bottom of the pile, eliminate it. In all likelihood, 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 fortunate and you frequently reconcile your check book and analyze each deal.
In 1993, we had a staff member that unwisely stole the last page in our check book. Our Ex-Employee filled them out to herself and passed them as payroll checks at a used automobile dealer. She did get that vehicle and numerous weeks later my partner’s partner discovered the unusual checks.
By printing your own checks you just stock blank check stock and a MICR toner cartridge. There is absolutely nothing to steal with your account details, they have absolutely nothing however a piece of blank check paper. Naturally you are still available to a new kind of fraud if somebody has the ability to access your check printing software. Be sure it’s password safeguarded and your network rights are setup so that normal users can’t access the directory that it resides in.
Another fantastic advantage of printing your own checks real time is that if you move our change bank accounts, you lose absolutely nothing. Simply modify your address or account numbering in your check printing software and you’ve made the switch– No lost checks, no lost cash, no awaiting new checks.
2. Buy Secure Check Stock– When choosing a blank check stock, make sure the check stock is packed with security features– this will make it tough for a fraudster to copy or scan the check. Recently the United States treasury department invested millions adding security features the newly upgraded notes. A number of these same security functions are now offered for check stock. Here are some security includes to look for in check paper:
Copier Void Pantograph– This causes the word VOID to appear in the background of a check when copied. A Void Pantograph is developed by engraining a precision pattern of lines and dots in the background of the check. The printing of the pantograph is so precise that the VOID is not noticeable to the human eye, but when copied or scanned they appear making the copied check useless.
Micro Printed Border– This very same technology is used on new United States currency – amplify the border line around the picture on the face of one of the newly developed US bills and you will see the border that appears to be a line is really consisted of words. Even modern high resolution printers can not recreate type this small.
Chemically Reactive Check Paper– A typical method to ruin a check is to use chemicals to remove the existing composing to alter the quantity 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 alter colors.
Watermark– Check paper with a real watermark will appear when held up to the light. A watermark will not be visible on a copied or scanned check.
Listing of security features– A good check stock will list the security includes on the back of the check. What good is a security feature if nobody knows what security features to look for?
3. Positive Pay File Transmittal– A terrific method to stop check scams is to produce a favorable pay file and transmit it to your bank. Every time you print a batch of checks, you transmit a favorable pay file listing the checks and their total up 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. Favorable pay is fairly common in large companies, however a little company might not have the resources or the software to produce the file and transfer it. Contact your bank about this service.
4. Check Storage/ Access– One secret to preventing check scams is getting rid of, or at least, reducing access to files with your checking account number on them.
Mail Theft– Mail theft is a very typical method checks
Considering that the development of the check, individuals have been continuously creating brand-new ways to pass deceptive checks. With the arrival of MICR toner and desktop laser printers, any person with the right software application, an HP LaserJet printer and blank check stock can print a check.
Buy Secure Check Stock– When choosing a blank check stock, make sure the check stock is filled with security functions– this will make it hard 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 amount is transformed or a check is duplicated the bank will reject it because it does not match the positive pay file.