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Social media is promoting a “deposit hack” This “deposit hack,” unfortunately, is simply check kiting Consumers must be careful about financial advice via non-credentialed sources Social media is known for resurrecting old trends, bringing nostalgia to the older generations and exposing them to the newer generations. Unfortunately, social media appears to be resurrecting some old…

A Valid Systems webinar explores Fighting Check Fraud in Real Time Session guests include Frank McKenna (FrankonFraud), Ronald Praetsch (About Fraud), La Shonna Sharp and Nickolas Ledford (VALID) Positive Pay can be “supercharged” for increased effectiveness Among those in tune with the check fraud landscape, there are some who strongly advocate Positive Pay as the…

the United States Federal Reserve has created and published two valuable new resources The Fed are proponents of a multi-layered tech approach Educating the industry is vital Recently announceed via LinkedIn, the United States Federal Reserve has created and published two new resources – the Check Fraud Mitigation Toolkit and Scams Mitigation Toolkit. Both are…

There are several security symbols on checks that can help detect fraudulent checks. These include microprinting, multi-colored backgrounds, and chemical reactive check stock OrboGraph’s upcoming Innovation Conference and Check Fraud Roundtable explore these issues, among many others A few weeks ago, we took a look at the re-emergence of check security symbols, noting that fraudsters…

FOX News recently covered the topic of check fraud The segment examined emerging techniques, including AI Some of FOX’s information requires clarification In a recent article, FOX News informs its readers on the dangers of check fraud, going through the basics of how it’s committed, while also explaining how AI is being utilized by fraudsters…

Have financial institutions waited too long to address check fraud? There has been a sharp increase in check fraud over the past two years A majority of bankers want regulators to outline clearer rules While various publications and other media point out the sharp increase in check fraud over the past few years, many industry…

“The Big Three” in check security are Paper, Ink, and Printing Security symbols are now making a comeback Treasury checks use symbols as well Only a few decades ago, physical security features on paper checks were a key component for detecting fraudulent checks. With a majority of paper checks flowing through tellers and back offices,…

The way people search for information has changed Grok AI’s knowledge is tested “Check fraud” research is getting easier and easier “Google it” has become a phrase synonymous with “look it up” in today’s society. And why not? It’s easy and convenient to find quick answers to questions you may have. To say the very…

A well-known fraud-fighter is hit with fraud The lesson: No one is immune from fraudsters Proactive identify protection is vital #FraudFighters has become a badge of honor in the industry. From industry experts to social influencers, it’s more important than ever to spread awareness of fraud and scams that are affecting business, financial institutions, and…