Because the invention of the check, individuals have actually been constantly creating new ways to pass deceitful checks. The National Check Fraud Center approximates that 1.4 million deceitful checks are written each day, costing businesses over ten billion in losses each year. With the advent of MICR toner and desktop laser printers, anyone with the best software application, an HP LaserJet printer and blank check stock can print a check.
As a business owner, you and your company are susceptible to check scams; nevertheless, there are methods to guard against it. Here are 6 actions that you and your company can follow to successfully prevent check scams.
1. Print Your Own Checks– Real Time – The primary benefit to printing yourself is security. Generally a company orders examine stock from a business like Harland or Deluxe and they put the checks in a supply space or closet. These unused checks are a goldmine for any disreputable person that runs across them – all they need to do is grab a check from the bottom of the pile, remove it. In all likelihood, you’ll never understand that last check is missing out on till a minimum of a month later, and that’s if you are lucky and you routinely reconcile your check book and examine each deal. We know since that’s precisely what happened to us.
In 1993, we had a staff member 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 cars and truck dealer. She did get that car and a number of weeks later my partner’s better half noticed the uncommon checks.
By printing your own checks you only stock blank check stock and a MICR toner cartridge. There is nothing to steal with your account info, they have absolutely nothing however a piece of blank check paper.
Another great benefit of printing your own checks real time is that if you move our modification bank accounts, you lose nothing. Just edit your address or account numbering in your check printing software application and you’ve made the switch– No wasted checks, no squandered money, no waiting on new checks.
2. Purchase Secure Check Stock– When selecting a blank check stock, ensure the check stock is loaded with security features– this will make it tough for a scammer to copy or scan the check. Recently the US treasury department spent millions including security features the freshly redesigned notes. A lot of these very same security functions are now offered for check stock. Here are some security features to look for in check paper:
When copied, photo copier Void Pantograph– This triggers the word VOID to appear in the background of a check. A Void Pantograph is created by engraining a precision pattern of lines and dots in the background of the check. The printing of the pantograph is so exact that deep space is not visible to the human eye, but when copied or scanned they appear making the copied check ineffective.
Micro Printed Border– This exact same technology is utilized on new United States currency – amplify the border line around the portrait on the face of among the newly designed United States bills and you will see the border that seems a line is really comprised of words. 구글상위노출 Even modern high resolution printers can not replicate type this small.
Chemically Reactive Check Paper– A common method to deface a check is to utilize chemicals to remove the existing writing to alter the amount or to whom a check is written to. Chemically reactive check paper will change colors when it can be found in contact with solvents or chemicals making the check unusable.
Watermark– Check paper with a true watermark will show up when held up to the light. A watermark will not be visible on a copied or scanned check.
Listing of security functions– An excellent check stock will note the security includes on the back of the check. What good is a security function if no one understands what security functions to try to find?
Favorable Pay File Transmittal– A terrific way to stop check scams is to generate a favorable pay file and transmit it to your bank. Every time you print a batch of checks, you send 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 since it does not match the favorable pay file.
4. Examine Storage/ Access– One key to avoiding check scams is getting rid of, or a minimum of, reducing access to documents with your checking account number on them.
Mail Theft– Mail theft is a really typical way checks
Because the development of the check, individuals have been continuously developing new methods to pass fraudulent checks. With the arrival of MICR toner and desktop laser printers, anyone with the right software application, an HP LaserJet printer and blank check stock can print a check.
Purchase Secure Check Stock– When choosing a blank check stock, make sure the check stock is loaded with security functions– this will make it tough for a fraudster to copy or scan the check. Every time you print a batch of checks, you send a positive pay file listing the checks and their quantities to your bank. If a check quantity is modified or a check is duplicated the bank will decline it because it does not match the positive pay file.