Check fraud has many ugly faces.
Check fraud does not discriminate. It doesn’t care if you’re a person or a business, wealthy or not, the customer or the Bank. Check fraud and those committing check fraud look for ways to deceive, manipulate, alter and perpetrate. Simply put, a way, any way, to illegally acquire, nay steal, funds that do not exist within an account balance or account holder’s legal ownership.
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According to FinanceNook, in one...
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Tags: Check Fraud, What is check fraud, bad checks, check loses, counterfeiting, check fraud protection, 1st Mariner Bank, preventing check fraud, fraud, forgery, alteration, paperhanging, Positive Pay
Business Tips & Banking | Security
Positive Pay is, quite frankly, one of the best ways to prevent check fraud scams on a business checking account. Basically, a business owner writes checks and if there are any discrepancies between the checks written and the checks clearing the account, the business owner has the option to either pay or return the items. No check will clear the account without going through this process and thus limits the possibility of check fraud scams.
Most business owners understand and appreciate the secu...
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Tags: Check Fraud, Checking Fraud, Positive Pay, Check Fraud Preventions, 1st Mariner Bank, Business Banking, Cash Management, What is check fraud, check fraud losses, check fraud example, fraudulent checks
Business Tips & Banking | Security