Episode Details

There are 7 different types of check fraud. They include new account fraud, check kiting, dormant account fraud, counter check fraud, withdrawal fraud, deposit ticket fraud, and split deposit fraud. Which type is the most common? Which is the most invisible? Which is the most evolving? Which is the most targeted? What can banks do to combat check fraud? Banks have many tools at their disposal including Positive Pay, SARs, customer education, Federal Reserve tools, and employee training. This episode examined a blog post from PCBB titled “Seven Types of Check Fraud – and How to Combat Them.” A link to the blog post is included below.

Link: Seven Types of Check Fraud — and How to Combat Them