According to the 2019 AFP Payments Fraud and Control Survey , payment fraud continues to soar, as a record 82 percent of organizations reported incidents in 2018.
Eighty percent of companies reported Business Email Compromise (BEC) fraud last year, up from 77 percent in 2017. While businesses are investing heavily in security measures, attacks against payments systems continue to persist, often shifting to the businesses’ less-protected, alternative payment methods.
It is important to invest the time and money to help protect your institution against fraud. Our Thumbprint Signature Program provides a simple, effective and inexpensive method for preventing and deterring check fraud. Persons wanting to cash a check are asked to place an impression of their thumbprint on the face of the check. A small inkless touch pad facilitates the process, and leaves no stain or residue on users or clothing.
Benefits of Thumbprint Signature Program
No content found