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Banker’s Guide to Check 21
Check 21 was probably the most important check-cashing law passed in the last two decades. Although this law was implemented nearly 20 years ago, it still defines the processes banks, credit unions, and other financial ... Read More »
Challenges and Solutions in Signature Verification for Mid-Sized Banks and Credit Unions
Signature verification tools are critical if you want to reduce forgeries and protect your bank from losses. However, there are challenges with implementing these tools. This post looks at the unique challenges faced by mid-sized ... Read More »
Implementing Bank Fraud Software? Here Are 5 Tips to Consider
Bank fraud software is a necessity for financial institutions. Sophisticated criminals are constantly finding new ways to exploit vulnerabilities in today’s banking system, and to protect your customers and your bank, you have to constantly ... Read More »
Reducing the Risk of Forged Endorsements
A lot of banks allow people to deposit checks without endorsing them. When someone deposits a check into their own account, there is an implied "for deposit only" endorsement. But what happens when someone steals ... Read More »
5 Tips for Marketing Safe Deposit Boxes
Safe deposit boxes have long been a staple of the banking industry, but over the last few years, many banks have been gravitating away from this offering. Big banks in particular have shied away from ... Read More »
Using Barcodes to Reduce Check Fraud Risk for Commercial Clients
Check washing is on the rise, and on top of that, changes in technology mean that scam artists don't even have to steal and alter paper checks. If they can get ahold of the victim's ... Read More »
The History of Safe Deposit Boxes
As Big Banks Move Away From Safe Deposit Boxes, Opportunity Opens for Community Banks and Credit Unions The number of safe deposit boxes has been falling steadily for years, and when big banks closed branches ... Read More »
Fraud Detection and Prevention for Banks, Credit Unions, and Other Financial Institutions
Investing time and money into fraud detection is critical for banks. Not only does fraud detection defend your assets — but it also protects your reputation and safeguards the customer experience. Banks need to choose ... Read More »
Signature Verification: Protect Your Bank From Forgeries
Spotting forged signatures can be almost impossible. Even with extensive training, humans can miss forgeries. The differences between a well-executed forgery and a legitimate signature are often much too small for the human eye to ... Read More »
Types of Forged Signatures
When thieves forge a check, a loan application, or another document, they all use different strategies. Some just grab a pen and hope for the best. Others take their time and practice the signature for ... Read More »
