Skip to content

Alogent recently created a new spreadsheet that helps bankers calculate the cost of their current exception tracking workflows.

Modern Payments Infrastructure: 1 Platform, 1 API, All Channels
Is it time for a solution refresh? Legacy processes can’t always keep up. Ask yourself these questions to assess your payments modernization goals and explore the benefits of a single platform for all Day 1 and Day 2 processing.

Click Now!


Counterfeit Check Scams 101 - Training to Avoid Losses

Thomas Ammerman AKA thomasj has been a real asset in the Threads, sharing information so that others can improve their security programs and reduce their losses. One request he has had was for training information he authored to train new hires and to remind the experienced staff about losses and scams. Recognizing these scams and bogus items early in the transaction process can save your bank money, and your customers, too.

"Counterfeit Check Scams 101" is a six page training document, used to train all staff to recognize many of the common scams that threaten your bottom line. There is background information and then a review of eight scams and seven counterfeit check scenarios. These are followed by eight common faults to watch for in identifying bogus items and contact information used to verify items.

Scams Counterfeit Checks, Nigerian 419 Scam, Washed or Altered Checks, Inheritance Scam, Counterfeit Cashier's Checks, and Money Orders, Internet Auction Scam, Counterfeit Company Checks Lottery Scam, Counterfeit U.S. Treasury Checks, Work From Home Scam, Counterfeit U.S. Postal Service Money Orders, Mystery Shopper Scam, Canadian or International Checks Charitable Organization Scam, Counterfeit Traveler's Checks, Lonely Hearts Scam.

First published on 01/15/2005

Filed under: 

Search Tools