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 checkfraud@icba.org.
More Resources: For more information on check fraud, community bankers can: