Check verification and fraud
Before buying personal or business
checks it is better to be informed about
check fraud protection. Check frauds
occur when a check is photocopied or
altered in order to make some quick
money. There are several ways in which
to reduce the occurrence of fraud with
regard to checks. Once these security
measures are in place, the probability
of fraud occurrence reduces to a great
extent. There are a few basic security
measures taken by check firms to protect
people from thieves.
Check Security – A number of check firms
now provide customers with special
features so that fraud can be prevented.
The most common measures taken to
protect consumers from fraud are as
Micro-printing – This is
a print present on the check that is
minute enough to avoid thieves from
photocopying the data on the check.
Erasure protection –
Erasure protection prevents people from
erasing the information printed on the
check. If this is attempted, a white
spot can be seen which indicates the
Original document – All
the checks are printed with the original
document words that cannot be
There are several other measures adopted
by other companies such as QuickBooks
and Quicken which include special
detailing such as embossing and foil.
This prevents thieves from taking a
photocopy of the check.
By balancing the check book and
reconciling monthly statements you can
guard yourself from fraudsters. While
buying cheap personal checks, it is
necessary to ensure that the print on
that the print on these checks is
minute. This will prevent fraudsters
from photocopying. If the checks are
simple, it will be easier for thieves to
photocopy them. Finally, if a check book
is stolen, it is important to inform to
same to the bank immediately. Several
measures can be taken in order to
protect a person’s identity. Further
details about identity protection can be
obtained from banks.
Check verification – Retail business
owners too are taking measures to
protect themselves from fraudsters. The
best method for keeping check frauds at
bay is by check verification. There are
a number of check verification firms
that use devices to see if a check
clears or not. If the check verification
machines recognise your check as a bad
one when there is sufficient balance in
the account, there is a possibility that
checks are being passed in your name.
The check verification firm can be
called upon to enquire about the wrong
and correct information.
It is important to remember that not all
bad checks or checks that bounce are
written intentionally. However, if a
person does so intentionally then they
will be spotted without doubt by these
check verification machines. Keeping
these points in mind, people can easily
protect themselves from check fraud.
Finally, with check verification
processes and check security in place,
it is difficult that you will face
problems while accepting checks. Hence,
by using the services of check
verification firms, one can prevent
monetary loss due to the occurrence of
fraud and also keep fraudsters away.
one of our helpful account
representatives to assist you in the
high risk merchant account or
offshore merchant account for a
high risk merchant.