FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W170777310> ?p ?o ?g. }

• W170777310 startingPage "74" @default.
• W170777310 abstract "Isolated incidents of check fraud have occurred at banks here and there for ears. In the last year or two the problem has escalated to the point that many banks have taken action to stop it. The number of check fraud incidents at banks doubled in 1993 to 1,267,000, according to industry estimates. The estimated dollars lost to check fraud that year is $815 million. These estimates may be conservative because they are based on an ABA survey for which most of the respondents were small and mid-sized banks, whereas it is big banks that are getting hit the hardest. As for how much total fraud is going on at check cashers, merchants, and financial institutions, no one really knows. Everybody has underestimated the problem, says Charlotte, N.C.-based consultant Roy VanDenburgh, who chairs the check standards group X9-B. So much of it is being brushed off the table. Merchants, whom VanDenburgh and others believe are getting hit with much more fraud than banks, don't report fraud activity and banks don't always know when they've been hit, especially when it's in small amounts. A lot of check fraud is hidden in NSFs, checks written against accounts that have been closed, post-dated and so on, rather than being recognized as he says. The FBI estimates total national check fraud losses are in excess of $2 billion a year. Another reason for the spotlight on check fraud is that it's gotten more sophisticated and professional. Often a mastermind brings together grifters for a time who adopt identies to pass bad according to Bruce Brett, senior vice-president, cash management, at Signet Bank and chairman of ABA's Check Fraud Task Force. Unless the crime is perpetrated by a group that has some kind of tightly knit status, such as an ethnic bond or people who grew tip together, it's hard to get from the mules to the kingpin, he says. It's a never-ending battle. I wonder where all these people come from who want to do this crime. You can never relax and say, 'Gee, it looks like we've caught them all and they're all in prison.' They never are. In one type of seam, a group might pull up in a van in front of a bank or check-cashing place where people are cashing payroll checks. One team member will approach someone on line and offer $50 for a two-minute look at their check. Inside the van, the criminals will scan the check and later duplicate it, altering the payee name and serial number. Some con artists hang around an ATM kiosk, watch people key in their PINs, and take the slips they leave on the floor to make checks. Some people take advantage of the next-day funds availability required on most checks to kite them. Others simply alter the amount on a check they've received, steal a written check and fraudulently endorse it, or steal a blank check and forge the victim's signature. There's no single cure for check fraud, so banks need to be on their guard on a number of fronts. Corporate check fraud most common VanDenburgh and bankers interviewed for this article say the big check fraud problem occurs in commercial accounts rather than retail accounts. Certain customers are natural targets and those are the household names and the big companies that write a lot of checks, says Stephen Ebert, assistant vice-president, cash management at Norwest Bank. Being spread out as well as big makes these companies vulnerable--counterfeiters appreciate the lack of control that can be exercised by a Detroit company that uses a Minneapolis bank to handle controlled disbursement of checks made out to employees in Dallas, for example. Brett adds that the variety of uses a corporate client makes of its checking account also makes it susceptible to checking account for payroll paying vendors, and other purposes, using all different sizes of payments, it's difficult for us to recognize a pattern and flag an amount that's greater or smaller than normal, he says. …" @default.
• W170777310 created "2016-06-24" @default.
• W170777310 creator A5080083541 @default.
• W170777310 date "1995-02-01" @default.
• W170777310 modified "2023-09-23" @default.
• W170777310 title "What Truly Deters Check Fraud" @default.
• W170777310 hasPublicationYear "1995" @default.
• W170777310 type Work @default.
• W170777310 sameAs 170777310 @default.
• W170777310 citedByCount "1" @default.
• W170777310 crossrefType "journal-article" @default.
• W170777310 hasAuthorship W170777310A5080083541 @default.
• W170777310 hasConcept C121955636 @default.
• W170777310 hasConcept C144133560 @default.
• W170777310 hasConcept C162118730 @default.
• W170777310 hasConcept C2524010 @default.
• W170777310 hasConcept C28719098 @default.
• W170777310 hasConcept C33923547 @default.
• W170777310 hasConcept C92956704 @default.
• W170777310 hasConceptScore W170777310C121955636 @default.
• W170777310 hasConceptScore W170777310C144133560 @default.
• W170777310 hasConceptScore W170777310C162118730 @default.
• W170777310 hasConceptScore W170777310C2524010 @default.
• W170777310 hasConceptScore W170777310C28719098 @default.
• W170777310 hasConceptScore W170777310C33923547 @default.
• W170777310 hasConceptScore W170777310C92956704 @default.
• W170777310 hasIssue "2" @default.
• W170777310 hasLocation W1707773101 @default.
• W170777310 hasOpenAccess W170777310 @default.
• W170777310 hasPrimaryLocation W1707773101 @default.
• W170777310 hasRelatedWork W111922164 @default.
• W170777310 hasRelatedWork W125730747 @default.
• W170777310 hasRelatedWork W163414192 @default.
• W170777310 hasRelatedWork W169318074 @default.
• W170777310 hasRelatedWork W174265101 @default.
• W170777310 hasRelatedWork W18809576 @default.
• W170777310 hasRelatedWork W214488906 @default.
• W170777310 hasRelatedWork W228422434 @default.
• W170777310 hasRelatedWork W231321909 @default.
• W170777310 hasRelatedWork W234877029 @default.
• W170777310 hasRelatedWork W296104494 @default.
• W170777310 hasRelatedWork W2992988734 @default.
• W170777310 hasRelatedWork W2993683212 @default.
• W170777310 hasRelatedWork W2994326120 @default.
• W170777310 hasRelatedWork W34082922 @default.
• W170777310 hasRelatedWork W342537606 @default.
• W170777310 hasRelatedWork W344312416 @default.
• W170777310 hasRelatedWork W78934019 @default.
• W170777310 hasRelatedWork W799839093 @default.
• W170777310 hasRelatedWork W215681404 @default.
• W170777310 hasVolume "87" @default.
• W170777310 isParatext "false" @default.
• W170777310 isRetracted "false" @default.
• W170777310 magId "170777310" @default.
• W170777310 workType "article" @default.