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Fraud Links


This site contains a collection of tips, articles, and other information related to the prevention of fraud. With the information discussed here, much can be done to protect your business from check fraud losses.

The recent growth in check fraud has reached epidemic proportions, leaving no individual, company or municipality immune. More than 1.2 million worthless checks enter the banking system each day. The Nilson Report advises that annual check fraud losses now exceed $20 billion. The American Bankers Association reports that check fraud is growing 25 percent per year.

Recent changes in the Uniform Commercial Code (UCC) distribute the problem by taking sole responsibility for check fraud from the bank and directing that it be shared with both banks and their customers. Losses and related expenses from check fraud will continue to increase the cost of doing business for banks and their customers, unless banks and customers form a strong partnership to prevent and control the problem.