Fraud Prevention Tips

Check fraud is a problem reaching epidemic proportions.

With annual losses over $20 billion, check fraud far exceeds all other forms of financial theft, except embezzlement. No company is immune.

"A highly secure check and Positive Pay are the foundation of every successful check fraud prevention program."

Frank W. Abagnale Internationally Renowned Fraud and Secure Document Consultant

Much can be done to protect your company from fraud. High security checks such as those offered by SAFEChecks are your first line of defense. Other proactive steps detailed in the following topics can further minimize financial risks.

• Check Ordering Procedures
• Checks Issued Manually
• Controlled Paper Stock
• Embezzlement
• Fraudulent Identification
• Internal Controls
• Positive Pay
  Positive Pay - Positively Pays
• Post Office Mail Theft
• Software
• Stop Payments
• Timely Account Reconciliation

These fraud-prevention tips include excerpts from Frank Abagnale's newsletter, The Abagnale Advisor, edited by Greg Litster, CEO of SafeChecks. Further information is drawn from an article by Litster, published in the April/May 1999 newsletter of the International Accounts Payable Professionals Association. The Abagnale Advisor is a newsletter available free to qualified companies. To subscribe contact SAFEChecks at (800) 755-2265.

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