Selected Articles

Check 21, Remote Deposit Capture and Check Fraud
This seven page article by Frank Abagnale and Greg Litster was reviewed for technical accuracy by the Federal Reserve Board on November 14, 2006. Remote Deposit Capture, made possible through the Check 21 legislation, is THE hot topic in Treasury Management today. But, it is not without significant financial risk. This paper explains the risk factors associated with converting paper checks into electronic images under Check 21. Emphasis is on the warranties and indemnity, and includes how certain check security features can help protect a company in a Check 21 world. (7 pages - 40 KB)

Holder in Due Course and Check Fraud
This white paper discusses the implications of current holder in due course law on the issue of liability in check fraud. Several relevant court cases are cited and their implications on best practices to limit liability and prevent check fraud are discussed. (5 pages - 70 KB)