Statistics, Facts & Figures

Protect your Business

Because check fraud is illegal, it is impossible to place an exact dollar figure on how much money is stolen each year through fraud. By all accounts, however, the problem is measured in the billions of dollars annually, and continues to grow each year. Below are some basic facts, statistics and information about fraud that you may find valuable in understanding the scope and pervasiveness of check fraud.

Click here to request samples of our Secure Check Stock.

	The FBI estimates that losses from check fraud total $18.7 billion annually. The Nilson Report puts that number at over $20 billion.
	Over 500 million checks, over a million a day, are forged annually in the US.
	Because of demands on law enforcement, prosecutors fail to pursue 75% of bank check fraud cases, leaving most matters to be settled between the involved parties, and placing even greater emphasis on the concept of Due Diligence.
	The average fraud scheme lasts 18 months before it is detected.
	The most common method for detecting fraud is through tips from employees, customers, vendors, and anonymous sources. The second most common method of discovery is by accident.
	Many types of security features, such as Warning Bands and Microprinted lines, can be added at no extra cost to the consumer.

How Does Check Fraud Happen?

There are lots of fraud techniques, but some of the most widely used include:

		Chemical Washes Chemical baths are used to remove toner so that the new infromation (i.e., larger check amount, different payeee) can be printed. Because Relyco’s Deterachek™ and the UltraSeal™ 100 products are printed on safety paper with a Multi-Language Chemical Void and/or Solvent reactivity, exposing either product to most chemicals will cause indelible staining, rendering the paper useless to thieves. Relyco's Magnachek ^®, Basichek^®, and Futurachek^™ lines are also printed on safety paper to inhibit chemical tampering.
Multi-language Chemical Void

		Toner Lift-Off Toner is removed using a razor blade or adhesive tape. Both the Deterachek™ and the UltraSeal™ 100 feature Toner Adhesion Enhancement, which helps prevent toner removal. Relyco's Magnachek^® and Basichek^® lines also feature Toner Adhesion Enhancement, which is also commonly referred to as "Toner Grip" or "Toner Anchorage."
Enhanced Toner Adhesion

		Photocopying The mass duplication of a check allows many checks to be cashed at different banks. Features like Copy-Void Pantographs, Microprinting, Simulated Watermarks, Fluorescent Fibers and Two-Color Gradient Pantographs make undetected photocopying of both the Deterachek™ and UltraSeal™ 100 extremely difficult. All Relyco cut sheet Stock Laser Checks and Pressure Seal check lines, including Ultrachek^®, Futurachek^™, Magnachek^®, Basichek^® and UltraSeal ™ contain Copy Voids, Microprinting and other document security features designed to hamper fraudulent attempts at photocopying and duplication of checks.
Copy-Void Pantograph

		Stolen Account Information What if someone does not use one of your checks at all? Rather, they simply steal your information and print on totally different check paper. By setting the precedent that your institution uses the most secure check paper, you can clearly distinguish your organization from the criminal. Undoubtedly, the criminals will not use high-end security check stock. When dealing with the aftermath of the fraud, you can tell your bank that you do in fact use high security check paper. The checks that the criminal used clearly are not equal to the standards that you use. By doing this, you can clearly demonstrate that have done your Due Diligence.
Fourdrinier True Watermark

What Can You Do?

Relyco can provide you with the total secure check printing solution. In addition to secure check paper, Relyco recommends. security MICR printers and a secure check printing software environment including Positive Pay. By utilizing these three elements, you can maximize your institutions’ efforts to prevent becoming another check fraud statistic.

Click here for samples of our laser business checks or for information on check printing.

Check Printing Solutions
Laser Check Paper Secure Check Envelopes Check Printing Software
Laser MICR Printers Laser MICR Toner Post-Processing Equipment

Stock Laser Check Paper
Stock Security Features
Prochek™ Laser Check
Deterachek® Laser Check
Magnachek® Laser Check
Futurachek® Laser Check
Ultrachek® Laser Check
Basichek® Laser Check
Stock Canadian Checks
Stock Self Mailer Checks

Custom Laser Checks
Laser Check Borders
Laser Check Backgrounds
Copy-Void Check Backgrounds
Security Features
Self Mailer Checks
Securatek™ Copy Prevention


121 Broadway · Dover NH 03820 T (800) 777-7359 F (603) 742-9993 E info@relyco.com

*Search Our Site For Additional Products*

http://64.140.209.154/exchweb/bin/auth/owalogon.asp?url=https://64.140.209.154/exchange&reason=2