5 Important Ways to Protect Your Business Against Check Fraud

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    15-Jul-2015

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<p>PowerPoint Presentation</p> <p>The 5 Most Important Ways to Protect Your Business Against Check Fraud</p> <p>3 Questions to Consider How important is it to protect your corporate assets? What damage could be done if your information was stolen/altered? Are you currently at risk of fraud or worse, a victim?relyco.comThe data we are sharing with you today comes from the 2014 AFP Payments Fraud and Control Survey.</p> <p>No method of payment is 100% secure:Credit/Debit Cards including corporate and consumer credit cards account for 43% of fraudACH Debit 22%Wire Transfers 14%ACH Credits 9%</p> <p>Knowledge is KeyKnowledge of current payments fraud practices and preventative measures helps companies implement products and processes necessary to protect corporate assets.relyco.comThe data we are sharing with you today comes from the 2014 AFP Payments Fraud and Control Survey.</p> <p>No method of payment is 100% secure:Credit/Debit Cards including corporate and consumer credit cards account for 43% of fraudACH Debit 22%Wire Transfers 14%ACH Credits 9%</p> <p>1. Get to Know the NumbersPayment Fraud Continues to Rise With Checks in the Lead60%27%82%Organizations exposed to actual or attempted payments fraudFinancial professionals that experienced an increase in payments fraud from 2012Checks are the primary target for fraud attacks relyco.comThe data we are sharing with you today comes from the 2014 AFP Payments Fraud and Control Survey.</p> <p>No method of payment is 100% secure:Credit/Debit Cards including corporate and consumer credit cards account for 43% of fraudACH Debit 22%Wire Transfers 14%ACH Credits 9%</p> <p>2. Think Like a CriminalKnow your enemy as you know yourself and you can fight a hundred battles with no danger of defeat ~ Chinese ProverbLifting Toner Off the CheckAltering the MICR Line </p> <p>Chemical WashingPhotocopying &amp; Scanningrelyco.com3. Outsmart with Security</p> <p>OvertCovertAnti-alterationAnti-copyrelyco.comTo comply with the ANSI standards for check processing security, all checks must have at least three security features and at least one security feature must cover each of these four areas.</p> <p>3. Outsmart with Security Real Examplesrelyco.com3. Outsmart with Security Real Examples</p> <p>relyco.comExample of covert4. Combine Technology to Fight Fraud</p> <p>relyco.com81% of respondents from the 2014 AFP Survey use it and other internal processes.</p> <p>Why is it then, that 80% of reported fraud cases are check-related? If positive pay was enough to protect assets, we wouldnt be having this conversation right now.</p> <p>In order to successfully protect your business from becoming a victim of fraud, combining these solutions will help you achieve the best results</p> <p>Positive PayAutomated fraud detection tool offered by most banks that matches account #, check # and $ amount against a list of previously authorized checks.Secure ChecksOver 17 different security features to boost fraud protection MICR Check PrintingASK JONI</p> <p>5. Work with a Trusted AdvisorRelyco has been a pioneering force in the continuing research of fraud prevention strategies since 1989.</p> <p>Member of the American National Standards Institute (ANSI) ASC X9AB check processing subcommittee</p> <p>Combined experience of over 100 years in check security and customer servicerelyco.com81% of respondents from the 2014 AFP Survey use positive pay and other internal processes.</p> <p>Why is it then, that 80% of reported fraud cases are check-related? If positive pay was enough to protect assets, we wouldnt be having this conversation right now.</p> <p>In order to successfully protect your business from becoming a victim of fraud, you need to combine </p> <p>Products We Offer to Help You Prevent Fraud</p> <p>relyco.comBusiness checks, Envelopes, Pressure Seal, MICR printers/toner </p> <p>Custom Check SolutionsWhen out of the box isnt enoughExpert advice and ability to create checks to meet your needs</p> <p>All major security papers available: chemical stain reactions, bleach voids and stains, toner bond enhancers, Fourdrinier watermarks</p> <p>Unlimited colors and color matching</p> <p>Checks designed to meet U.S. (ANSI) or Canadian (CPA) Standards</p> <p>Free design and security consultation</p> <p>relyco.com2014 AFP Payments Fraud and Control Survey. Retrieved February 27, 2015www.afponline.org</p> <p>Overview of Positive Pay.Retrieved February 27, 2015www.positivepay.net</p> <p>How to Prevent Check Fraud: Check Security Q&amp;A. Retrieved February 27, 2015www.relyco.com/blog/laser-check-printing/prevent-check-fraud-check-security-qa/</p> <p>Security Checks vs. Positive Pay for Preventing Check Fraud. Retrieved February 27, 2015www.relyco.com/blog/laser-check-printing/security-checks-vs-positive-pay-preventing-check-fraud/</p> <p>Resourcesrelyco.comWho We AreSince 1989, Relyco has been a leading supplier of business printing and payment solutions to corporations, governments and institutions around the world..The Specialty Paper Experts</p> <p>Our vision at Relyco is to serve our customers as an innovative and strategic print and payment expert.Our VisionOur MissionTo provide customers with dependable, guaranteed products and consultative services that meet their unique business requirements. relyco.comOur Solutions:Business Printing &amp; Payments for Any IndustryInsurance</p> <p>Mail House &amp; Direct Mail Print Shops &amp; PrintingEducationAccounts Payable &amp; PayrollFinancial &amp; BankingGovernmentManufacturing &amp; ShippingLegalCustom SolutionsRetailHealthcarerelyco.comConnect With Us to Learn More!</p> <p>121 Broadway Dover NH 03820 (800) 777-7359info@relyco.comwww.relyco.comstore.relyco.comrelyco.com</p>

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