We found this great article about protecting yourself from check fraud. It gives great tips on what to look for so you don't fall victim.
HERE'S A STARTLING FACT: More than 500 million checks are forged annually. Fortunately, sophisticated security features can be built into checks to help consumers, businesses and banks avoid check fraud. Most checks have these features.
Here's a look at the top safety features.
Micro print signature line. The signature line appears as a solid line and contains the words "AUTHORIZED SIGNATURE", printed in a small font that is legible when viewed closely or with a magnifying glass. If scanned or photo copied, the micro print text is not legible and appears as a broken line.
Padlock icon. A padlock symbol is printed on the check face to indicate that at least two overt (easily seen) security features are present. The icon alerts check handlers and criminals that security features are present.
Security warning box. A warning box printed on the back of the check indicates the security features present and what happens when a check is altered.Original document. "ORIGINAL DOCUMENT" is printed in very light ink on the back of the check so that it cannot be easily copied or scanned. -The Costco Connection
Sunday, August 17, 2008
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