5 important ways to protect your business against check fraud
TRANSCRIPT
The 5 Most Important Ways to
Protect Your Business Against
Check Fraud
relyco.com
3 Questions to Consider
1. How important is it to protect your
corporate assets?
2. What damage could be done if your
information was stolen/altered?
3. Are you currently at risk of fraud or
worse, a victim?
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Knowledge is Key
Knowledge of current
payments fraud
practices and
preventative measures
helps companies
implement products
and processes
necessary to protect
corporate assets.
relyco.com
1. Get to Know the Numbers
Payment Fraud Continues to Rise – With Checks in the Lead
60% 27% 82%Organizations
exposed to actual or
attempted payments
fraud
Financial
professionals that
experienced an
increase in payments
fraud from 2012
Checks are the
primary target for
fraud attacks
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2. Think Like a Criminal
“Know your enemy
as you know yourself
and you can fight a
hundred battles with
no danger of defeat”
~ Chinese ProverbLifting Toner Off the Check Altering the MICR Line
Chemical Washing Photocopying & Scanning
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3. Outsmart with Security
Overt Covert
Anti-alteration Anti-copy
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3. Outsmart with Security – Real Examples
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3. Outsmart with Security – Real Examples
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4. Combine Technology to Fight Fraud
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5. Work with a Trusted Advisor
• Relyco has been a pioneering force in the
continuing research of fraud prevention
strategies since 1989.
• Member of the American National
Standards Institute (ANSI) ASC X9AB check
processing subcommittee
• Combined experience of over 100 years in
check security and customer service
relyco.com
Products We Offer to Help You Prevent Fraud
relyco.com
Custom Check Solutions
When “out of the box” isn’t enough
• Expert advice and ability to create checks to
meet your needs
• All major security papers available: chemical
stain reactions, bleach voids and stains, toner
bond enhancers, Fourdrinier watermarks
• Unlimited colors and color matching
• Checks designed to meet U.S. (ANSI) or
Canadian (CPA) Standards
• Free design and security consultation
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2014 AFP Payments Fraud and Control Survey.
Retrieved February 27, 2015
www.afponline.org
Overview of Positive Pay.
Retrieved February 27, 2015
www.positivepay.net
How to Prevent Check Fraud: Check Security Q&A.
Retrieved February 27, 2015
www.relyco.com/blog/laser-check-printing/prevent-check-fraud-check-security-qa/
Security Checks vs. Positive Pay for Preventing Check Fraud.
Retrieved February 27, 2015
www.relyco.com/blog/laser-check-printing/security-checks-vs-positive-pay-preventing-
check-fraud/
Resources
relyco.com
Who We Are
Since 1989, Relyco has been a leading supplier of
business printing and payment solutions to
corporations, governments and institutions around
the world..
The Specialty Paper Experts
Our vision at Relyco is to serve our customers as an innovative and strategic print and
payment expert.
Our Vision
Our Mission
To provide customers with dependable, guaranteed products and consultative services that
meet their unique business requirements.
relyco.com
Our Solutions:
Business Printing & Payments for Any Industry
Insurance
Mail House & Direct Mail Print Shops & Printing EducationAccounts Payable & Payroll
Financial & Banking Government Manufacturing & Shipping
Legal Custom SolutionsRetail
Healthcare
Connect With Us to Learn More!
121 Broadway • Dover NH 03820 • (800) 777-7359
[email protected] www.relyco.com store.relyco.com
