This post provides basics facts and information that describe the scope and pervasiveness of check fraud. Find check fraud statistics & common techniques.
Laser Check Printing
No single security method can prevent all payments fraud, but this blog offers two suggestions that you can incorporate into a multi-layered approach to security. Learn more about Positive Pay and security checks.
When printing checks, it's always best to use MICR toner in a MICR printer. We don't recommend ever using standard toner or a standard printer. Why? Because meeting ANSI standards is important. It shows that you have done your due diligence to prevent fraud, which could protect you from liability later.
While the MICR font is clearly visible on every paper check processed today, that wasn’t always the case. Prior to the mid-1940s, checks were processed manually. As the number of checks increased, finding an automated way to process them became essential.
What makes MICR so important? What constitutes “quality” MICR toner? Will generic toner work? Get answers to your MICR/check security questions here.
Learn about the laser check security features that checks must include in order to comply with the ANSI standards for check processing security.
We sat down with Relyco check expert Deanna Dorvillier to give you a first-hand account of the reality of check fraud and some measures you can take to prevent it from happening to you.
When banks create electronic check images, they scan the checks to create electronic files and then destroy the original paper check. The electronic image may be reprinted onto a new type of document called an Image Replacement Document (IRD).
Whether you own a small or large business, you can save time and money by printing your own checks. In the past, check printing was handled by large printing companies or banks, but you can print checks at your home or small business if you have access to a laser printer, blank check paper and magnetic ink/toner called MICR.
While it is sometimes very difficult to identify a fraudulent check, there are things you can look for. Here are several signs that may indicate a bad check.