Check Security For Personal Bank Checks, Buisiness Bank Checks Online and Check Fraud Prevention Measures

American National Standards Institute’s (ANSI) created a criteria for check printing which is the same standards followed by all accepted financial institutions.

• The lock icon to the right of the word "Dollars," indicating to the Bank or Credit Union that the check contains security features that will help them detect a COPY from the ORIGINAL document.
• The MP icon, indicating that micro-security print is used in the design. This is very small print that will break up if it is photocopied.
• A panel, on the check reverse, describing some of the security features incorporated into the check design.

Our check printer 4checks employees all these security features on all printed personal checks.

Ever since the evolvement from the barter age to when money was enacted as the medium for exchange, con artists appeared trying to make a dishonest living cheating people.

With gold, silver, jewels, wampum and other physical hard money the only alternative was using false weights and measures or outright stealing. But with the onset of paper money and electronic record keeping, these fallen souls and thieves could resort to other methods to steal your money. Check fraud is the number one crime for fraudulent money transaction according to statistics in the United States.

To better understand how this happens, let’s look at what happens with personal or business checks at banks. When you issue a busines check to someone then brings it to a bank and deposits it in his or her account. The bank then sends the check to a clearinghouse. This clearinghouse verifies that there are sufficient funds in your business checking account and verifies this information to the bank. With this information, the bank deposits that amount into the account of the person the check was issued to.

The most common fraud is check forgery. The con artist will sign your check with a likeness of your signature and make it look like you are issuing the check. He/she then cashes it and disappears with the loot.

Another variation appears when a check is stolen in transit. A stolen check issued by you can be intercepted and endorsed and cashed by someone other then the person the check was intended for. He/she again cashes it and disappears with the loot.

Counterfeit check can be created using a computer, graphic programs, access to security paper and a good printer. Finding the equipment to create phone personal checks is easy to get and relatively inexpensive for forgers. Even with built in security features, check fraudsters are still successful in copying these security features.

Altered checks are genuine checks with a twist. The intended recipient can be altered or the account number details altered so a con artist can reap the benefit.

The best means of preventing check fraud is to pay attention to your financial statements. Banks can only do so much. Look over suspicious checks and to be on guard. Left unchecked, fraud can damage you business or personal finances.

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