Ways To Prevent Check Fraud

There is nothing more important than making sure your business is secure. You could spend your entire life building it up only to have it topped by a case of fraud. Identity fraud and check fraud are two of the biggest problems that we tend to face in life and in business, and it is crucial to prevent both. In your business, preventing check fraud should be at the forefront of your mind and there are a few ways to get the job done. First and most importantly, it comes down to human intervention, but it certainly would not hurt to make sure that you have a bit of technology, like Wycom Systems.

Graphic Amount Lines – Prevent Tampering

The root of check fraud is quite often simple tampering. A malicious individual will take a printed check and simply change the amount, leading to a financial leak and unaccounted for funds. A graphic amount line, however, will make it so that the amount is readable, but it cannot be reasonable changed to a different amount. This technique is especially helpful if the check is sent to a third party. While this will technically not stop a check from being processed, it is expected that a bank teller would recognize the inconsistency and alert the proper authorities.

Audit Trails to Keep Track

Apart from the graphic signature line, the best way to keep track of potential track fraud is keep records. Good record keeping will ensure that you know precisely who has logged on, and when, which will certainly come in handy if an event were to occur. With this information you are able to make sure that you are questioning the right employees, and that the situation is taken care of quickly. Remember: with higher end, more efficient systems you will get more detailed audits that lead you on the right path. This is one area where you want to spend the extra money for greater detail.

Use Secure Logins

Finally, make sure that you are using secure logins with your check signers. To put it as simply as possible, your check signers are able to ‘print money’. Employees with access to your check signers will essentially have free reign to print whatever amounts they like and take the check to the bank, which could cause some serious problems for you. By using secure logins, you will know who logged in, who printed a check, why they did it, and what amounts they should have been printing. If there has been any deviation from the established protocol, you can investigate it and determine whether it is justified. This is the best way to make sure that your company plugs all of its financial leaks and even eliminates unscrupulous individuals.

Securing your Operation

Ensuring that your operation is secure can be a difficult task, but our products can help to give you what you are looking for: peace of mind. If you take a look at our store, you will find that we not only have great pieces of equipment but also some of the best in the industry so that you can rest assured that you are keeping your finances secure and that you are keeping your employees in check. You know as well as we do that keeping your financials in order is one of the most important parts of any business.

Keep the financials in line and watch your business grow.

Check out our store right now for some of the greatest business and document security devices the market has to offer. From check signing solutions, all the way to paper shredding; we have exactly what you are looking for.