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ARCHIVES November 2023


Department Update - December

Department Update - December

In this edition, our spotlight shines on a critical department, Treasury. This department has recently completed it's annual NACHA ACH Audit and highlights the importance and requirements of the keeping up with compliance standards below.

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Safeguarding Financial Transactions: Combating the Surge in Check Fraud

Safeguarding Financial Transactions: Combating the Surge in Check Fraud

In a world dominated by digital banking and online transactions, the use of traditional paper checks has undergone a remarkable transformation. The Federal Reserve's data reveals a significant decline in the number of checks processed daily, from 26.7 million a decade ago to 14.5 million in 2021. However, this decline in usage has not dampened the risk associated with check fraud, which has seen a startling rise. As financial institutions grapple with the evolving landscape of fraud, the need for practical solutions to protect businesses and consumers becomes more urgent than ever.

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Expert Opinion - December Edition

Expert Opinion - December Edition

This comprehensive guide aims to share vital insights and practical tips in an effort to spread awareness and help prevent the threat of accepting fraudulent checks. Let’s delve into the details of physical check examination, recognize behavioral red flags, and explore effective risk management strategies. Here are my top 15 tips to prevent fraudulent checks.

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