SAFETY
FIRST™
PROGRAM
|
Check Fraud Protection Techniques
[
Alarming Facts ]:
| "Each
day $1.2 million worthless
checks are presented for payment.
Half of these are presented with the expressed
intention of deceiving, swindling, and defrauding."
1 |
It has never been easier to commit check fraud against your business. The inexpensive cost of
automation technology has provided counterfeiters with additional
weapons to be used against your organization.
Here are just a few counterfeiting methods:
-
Desktop Publishing
-
PC’s & Scanners
-
Laser Printers
-
Color Copiers
-
Chemical Alteration
-
Cut/Paste
-
Check Washing
-
Offset Printing
The same computer
automation used to create newsletters is also used to create
counterfeit documents that can cause your organization problems and
cost you money!!
Difficult to Enforce!!!
Attempted check fraud at
the nation's commercial banks have doubled in the past two years,
exceeding 2.2 billion in
1999. Since the last survey, the number of check fraud cases
rose more than 60 percent.
American Bankers Association, 2000 Deposit Account
Fraud Survey
Report
How can you protect yourself?
InFlowTech has developed a "toolbox of solutions" that
target those areas of exposure within your
organization. Our focus includes printed and electronic forms,
business processes and operations, and innovative technologies that
reduce your threat potential and provide you with additional
safeguards against fraud.
New techniques in paper-based solutions are not enough!! There
are any number of suppliers more than willing to replace your existing
check stock with new, more modern checks with fraud safeguards built
in.
We feel this single solution, while an excellent step in the right
direction, is generally inadequate against professional fraud
operations and provide you with slighter higher protections than your
current solution.
This same choice, however, when part of a carefully designed anti-fraud
strategy, has far-reaching implications for your organization and
offers you increased options in the event you are the victim of
fraud.
What is the "best" solution?
Fighting check fraud is an
ongoing responsibility of management. There is no single "best" solution.
InFlowTech has been providing check fraud solutions since 1985.
The solutions we recommend include these basic, fundamental
principles:
- Deterrence, Prevention and Protection
is the best approach;
- Use multiple tools and techniques to achieve objective
and reduce potential threat;
- Realize total cost savings over current conditions.
|
No
client of InFlowTech has ever sustained a financial loss from
check fraud after implementing our
recommendations. |
InFlowTech "Safety First"™ Fraud Protection Program
InFlowTech is a recognized leader in developing enterprise-wide
solutions for organizations. Our efforts are pro-active, ongoing
and evolutionary. Recommendations to combat check fraud have
evolved over time to effectively combat the level of
threat.
Click Here
for free download material we have prepared and make available from
this site.
A well-developed, anti-fraud
strategy is a process. It must:
- Include procedures,
- Improve business
operations,
- Provide education, and
- Inform you about your liabilities
and responsibilities if you are a victim.
Our solutions are
wide-reaching and multi-faceted. Like many of our solutions, we present options based on those products
and services that have been proven effective.
InFlowTech philosophy regarding
recommended solutions:
- Be
Cost Efficient & Easy To Implement
- Provide
Easy & Absolute Verification of Authenticity
- Cannot
Be Easily Duplicated
- Include
Multiple Layers (hidden & obvious)
- Work
With Existing Systems
- Monitor
& Enhance
We provide suggestions on how to approach
this process based on sound, fiscally-responsible
business practices that blend with your existing strategic
focus. Each solution must provide a level of protection that
meets the threat, yet still provides flexibility against future
threats.
ANTI-FRAUD
"TOOLS OF THE TRADE"
( Some Examples ) |
| Click
on any image to see a larger view. For additional
information and/or questions, please contact
us. |
 |
NaNOcopy:
Creates an encrypted message that cannot be digitally
replicated. Color copy of image shows
"Void."
This image is an enlarged view of the same "V" in
"void" using Nanocopy technology. |
 |
 |
SafeImage:
Non-generic true watermark paper with unique security images
embedded into the paper, viewable only by translucent
"pass thru" light. |
 |
Thermo Safe:
Improved copy/void pantograph. Reveals a warning message
when photocopied or scanned. |
Please contact us if
you have questions or need additional information.
|
