Ad
related to: cheque fraud wikipedia gratis
Search results
Results From The WOW.Com Content Network
Sometimes the cheque fraud comes from an employee of the bank itself, as was the case with Suzette A. Brock, who was convicted of theft for writing five corporate cheques to her own birth name from her desk as a loan servicing agent for Banner Bank of Walla Walla, WA.
Check washing is the process of erasing details from checks to allow them to be rewritten, usually for criminal purposes such as fraudulent withdrawal from the victim's bank account. [ 1 ] Various steps can be taken by the writer of the check to reduce the possibility of falling victim to check washing.
Check kiting or cheque kiting (see spelling differences) is a form of check fraud, involving taking advantage of the float to make use of non-existent funds in a checking or other bank account. In this way, instead of being used as a negotiable instrument , checks are misused as a form of unauthorized credit .
A dishonoured cheque (US spelling: dishonored check) is a cheque that the bank on which it is drawn declines to pay (“honour”). There are a number of reasons why a bank might refuse to honour a cheque, with non-sufficient funds ( NSF ) being the most common, indicating that there are insufficient cleared funds in the account on which the ...
A negative check database contains a comprehensive list of people who either wrote a bad check at a retail location, paid a bill with a check that was returned, [3] also called "bouncing a check". Historical data check verification services that use a national network with a negative check database can be difficult for consumers and businesses ...
The check variant of the overpayment scams, as well as other confidence tricks where scammers send the victim an illegitimate check, work in part because of the delay—sometimes days or weeks—between a customer depositing a check at a bank and the check clearing and being verified as legitimate. [3]
Shared Check Authorization Network (SCAN) is a database of bad check writers in the United States. The database is used by retailers in order to reduce the number of bad checks received. The database is used by retailers in order to reduce the number of bad checks received.
What links here; Related changes; Upload file; Special pages; Permanent link; Page information; Cite this page; Get shortened URL; Download QR code