Economic downturns have a tendency to change the fraud landscape for the worse. The result is that paper checks, which are one of the payment methods most impacted by fraud, are likely to become increasingly at risk. Easy to duplicate, deposit or steal, check fraud represents a persistent challenge to financial institutions. Given today’s economic outlook, that challenge is likely to come to a head.
This white paper, The Impact of Economic Downturns on Check Fraud Rates, provides a historic perspective on how the economy impacts check fraud incidence as well as details check fraud prevention best practices.
What You’ll Learn
- How economic downturns impact check fraud rates
- Best practices for banks and credit unions to protect themselves from check-related fraud losses
- How TrueChecks® — the industry’s largest check fraud database and leading check fraud prevention solution — can help mitigate omnichannel check fraud
Download the White Paper
