Cheque Fraud Prevention

Cheques are vulnerable to the following threats:cheque-secure

  • Copying – by simple scanning or photocopying
  • Data Alteration – names and values of valid cheques altered between writing and cashing
  • Stolen documents – blank secure cheques or cheque books stolen often without the owner’s knowledge

 

Security Foiling can offer a complete solution to help combat these threats:

  • Paper – supply of security paper with bespoke and generic watermarks, taggents etc
  • Security printing including: Aqua security inks, Heat reactive inks, Invisible UV, Fugitive inks, Solvent security ink, MICR, Invisible UV, Microtext features, laser toner secure and numbering.
  • Holograms, foil based security features including Datafoil – a highly secure transparent foil film embedded over the top of data
  • Hologram application systems – cost effective application units to put you in total control of your secure documents at the Point of Issue. Give you document instant optical recognition by placing your own unique security feature when youwant the document to be valid
  • Secure Laser & Inkjet Printers and consumables to put you in total control of your secure documents at the Point of Issue. Using your variable data to create unique security features on each and every document you produce.
  • Please follow the blue link button to Security Foiling Cheque-SECURE for more information
  • Without suitable protection Cheque Fraud is Easy

    With today's IT technology, cheque fraud can be easy if proper protection and systems are not in place. There are no `rocket science' qualifications required to achieve it.

    Cheque duplication could be achieved just by scanning the original cheque, then digitally changing the payee name and amount, then printing the `new' cheque on a colour laser printer... which looks very close to the original.

    Cheque alteration could be achieved by carefully scratching off the amount details on the original cheque, or pulling them off or using chemicals to remove the ink or toner, then just pasting on the `new' amount details.

  •  Protect your cheques today with Cheque-SECURE from Security Foiling

Different names for a Cheque

A cashier's check (cashier's cheque, banker's cheque, bank cheque, official cheque, demand draft, teller's cheque, bank draft or treasurer's cheque) is a check guaranteed by a bank, drawn on the bank's own funds and signed by a cashier. Cashier's checks are treated as guaranteed funds because the bank, rather than the purchaser, is responsible for paying the amount. They are commonly required for real estate and brokerage transactions.

When a customer asks a bank for a cashier's check, the bank debits the amount from the customer's account immediately, and then the bank assumes the responsibility for covering the cashier's check. This is in contrast with a personal check, where the bank does not debit the amount from the customer's account until the check is deposited or cashed by the recipient.

Cashier's checks deposited into a bank account are usually cleared the next day. It is the customer's right to request "next-day availability" when depositing a cashier's check in person. Most banks do not clear them instantly. However, banks are permitted to take back money from a "cleared" check one or two weeks later if subsequent processing finds it to be fraudulent. Because customers believe the checks have been found valid and have been converted to cash in hand, customers are readily defrauded by schemes that ask them to part with goods or a portion of the money if it is cleared in a timely manner.

A cashier's check is different from a certified check, which is a personal check written by the customer and drawn on the customer's account, on which the bank certifies that the signature is genuine and that the customer has sufficient funds in the account to cover the check.  And it should not be confused with a counter check, which is a non-personalized check provided by the bank for the convenience of a customer in making withdrawals or payments, but which is not guaranteed and is functionally equivalent to a personal check.

 

 

 

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Tel: +44 (0) 1473 707204
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Security Foiling

Unit 18 Foxtail Road,
Ransomes Europark,
Ipswich, IP3 9RT England

Contact Information

Tel: +44 (0) 1473 707204                
Fax: +44 (0) 1473 271601  

Accreditations

ISO 14001   ISO 2008