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SAFEChecks | Articles

Uncontrolled Check Stock and Check Fraud

Uncontrolled check stock is generic, non-customized stock that is sold entirely blank to multiple parties, and is a major source of check fraud. This is because uncontrolled check stock is readily available to anyone, including forgers, counterfeiters, embezzlers, and other criminals. Read More...

Legal Reasons to Implement Positive Pay

Wachovia Bank Wins Lawsuit Over Customer That Refused Positive Pay - The Legal Rationale to Implement Positive Pay and High Security Checks. Read More...

Check Fraud Data

Check fraud causes more financial losses than all other forms of payment fraud combined, rising from 60% in 2012 to 69% in 2013. Read More...

Holder In Due Course and Check Fraud—Summary and Detailed Explanation

Holder in Due Course (HIDC) is part of the Uniform Commercial Code (UCC) that significantly impacts an organization’s liability for check fraud and the checks it issues. After learning about HIDC claims, prudent companies are often motivated to use high security checks and change check disbursement procedures to protect themselves. The following is a brief, understandable explanation of Holder in Due Course. Read More...

Blank Check Stock and Check Fraud

Using blank check stock presents two significant security flaws. First, if a company is able to purchase checks that are entirely blank, they come from uncontrolled check stock. This means the stock is readily available to anyone across the country, including forgers, counterfeiters, embezzlers, and other criminals involved in check fraud. Read More...

Secure Check Writing Software

SAFEChecks partners with ChequeGuard, a software company that specializes in secure laser check writing solutions. This state-of-the-art software includes a printer driver which produces a unique encrypted, “secure seal” barcode that is laser printed on the face of each check. Read More...

High Security Checks and Check Fraud Prevention

How can using high security checks reduce and prevent check fraud? An analogy answers this very well: imagine there are two houses on a street. One has a picket fence around it, and one has a chain link fence topped with barbed wire, a guard dog, and an armed guard. If you were a burglar, which house would you try to hit first? Read More...

The True Cost of a Cheap Check

One of the most common objections to using a high security check is price. High security checks usually cost more than checks that are less secure. However, check fraud is by far the most dominant form of payment fraud and produces the greatest losses. It is also one of America’s least prosecuted financial crimes. Read More...

Toner, Laser Printers and Check Fraud

Toner is not ink. It is black powder mixed with tiny bits of plastic. The heat from the printer melts the plastic, which then mixes with the powder, and prints onto the paper. Some people think of it as ink (especially those who grew up with typewriters), but it is not. It is toner. Read More...

Check 21, Remote Deposit, and Check Fraud

Check 21’s Final Rule includes an “Indemnity” provision that seriously affects an organization’s liability for check fraud, under certain conditions. Because this provision is buried on page 58 of 114 pages, few people are aware of it or understand its implications. Read More...

Remote Deposit Capture—The Dark Side

Under the Check 21 Indemnity provision, the entity that originally converts a paper check into an electronic image provides the Indemnity. While there are many benefits for using RDC, companies should understand the risks and weigh the benefits against those risks. Read More...

What SAFEChecks Can Do For Financial Institutions

SAFEChecks is different from other check manufacturers. We did not begin as a printer trying to capture a new market niche by adding a few security features to our checks. We began in 1994 as a division of a Southern California business bank battling an epidemic of check fraud. In the early 1990’s the bank’s check fraud losses skyrocketed from $90,000 to over $3 million in just a few years. Read More...

Combating Check Fraud—the Teller's Perspective

There are several things tellers and cashiers can do to help reduce and prevent check fraud. In fact, they are the “front lines” in the fight against it. Read More...

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