By: Sam Huntington, Vice President – Treasury Management Director
Although the number of checks presented for payment is decreasing every year, the losses from check fraud, unfortunately, are rising nationwide. In some cases, checks are stolen from unsecured mailboxes and the payee line is altered, to allow the check to be negotiated by another party. In others, the routing number and account number information is used to order new check stock.
Topics: Treasury Management, Security & Fraud, Small Business, Business Operations, Merchant Services
By: Jeff Ellestad, Treasury Management Sales Officer
Many businesses today are becoming more and more aware of the risks associated with payment fraud. And, quite frankly, they should be. While the network of fraudsters only continues to get larger, these savvy individuals and networks are always on pace, or even a few steps ahead of the game, and are ready to attack. They have become so sophisticated on their efforts to successfully intercept corporate funds, that by the time a company thinks they might be a victim, it’s far too late.
Topics: Business Banking, Commercial Banking, Treasury Management, Security & Fraud, Payments, Merchant Services