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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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... [More]
Identity theft can still happen, which is why it is very important to know how to properly protect yourself. To date, there are many compaines that provide safety and security from identity theft, but the safest option still starts with you properly securing your financial information. A common means for thieves to steal your identity is through improper disposal of credit cards and their statements.
In the video below, Cynthia Drake demonstarates Bargaineering blogger Jim Wang's method for ho... [More]