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ICBA’s Check Fraud Task Force published a guide that explains the solutions available to community banks to detect instances of check fraud.
Background: Check Fraud: Detection Mechanisms was developed by the community bankers who are part of ICBA’s Check Fraud Task Force. It is intended to serve as a high-level reference for community banks to evaluate tools and leverage internal practices to identify and prevent check fraud.
Details: The guide covers technology solutions, such as software and federal government systems, and operational mechanisms, such as check cashing limits and new account reviews.
Contact ICBA: ICBA continues to raise awareness of check fraud in the news media and encourages community bankers to share their experiences and input on the challenge of check fraud at [email protected].
More Resources: For more information on check fraud, community bankers can:
Download ICBA’s check fraud guide.
Join the fraud subgroup on ICBA Community.
Listen to an Independent Banker podcast on the issue.
Read Independent Banker’s latest article on check fraud mitigation tips.
Watch the recording of ICBA’s ThinkTECH Solutions Forum on fraud.