Law

PNC Bank Sues Software Entrepreneur For $27 Million In Alleged Check Fraud Scheme

PNC Bank filed a fraud lawsuit against entrepreneur Dan Herbatschek and seven affiliated companies, alleging a sophisticated check fraud scheme, known as check-kiting, that involved fraudulent checks ...

A $100 Check Became a $1,000 Deposit, Deputies Say It Exposed a Larger Fraud Scheme

A $100 check that allegedly became a $1,000 deposit helped Nassau County detectives uncover what they now describe as a much larger fraud scheme. Colin ... Read More ...
American Banker

How a $10M check-fraud ring in Bronx exploited the homeless

Prosecutors say a Bronx crew recruited homeless people and walked them into branches to open accounts. The controls it beat ...

Credit Union Froze the Account. Then Police Say Two Suspects Still Tried to Cash a Bad Check

An attempted check-fraud transaction at a Shreveport credit union led police to two suspects and an investigation into ...

Police say Houston-area man used homeless people in check fraud scheme

Bellaire police say Zephaniah Luke Tyler was the suspected mastermind behind a mail check fraud scheme that involved stealing ...
TechCrunch

The world’s largest banks are increasingly concerned about check fraud – AI is the key to fight back

Checks are an ancient form of payment with beginnings tracing back to the Roman Empire – but demand for these payments shows no signs of abating. The North American reliance on checks may seem like an ...
AZFamily

Here’s how to avoid becoming a victim of check fraud

PHOENIX (AZFamily) — Even though fewer checks are being written, check fraud is on the rise. More than half of Americans still write checks. Check writing hit its peak in the 1990s, and let’s face it, ...
Business Wire

Tyfone Expands Check Fraud Protection Capabilities with Mitek Systems’ Check Fraud Defender

Through this integration, Tyfone’s nFinia Digital Banking platform now provides CFIs with access to real-time check fraud detection, enabling faster decisioning, reduced fraud losses, and improved ...
Business Wire

ParaScript Enhances Check Fraud Detection Capabilities with Advanced Endorsement Reading Feature

BOULDER, Colo.--(BUSINESS WIRE)--ParaScript, a leader in AI-powered document processing company, today announced significant enhancements to its flagship check recognition solution, CheckXpert.AI®.
American Banker

Treasury's halt of paper checks likely to reduce fraud

The banking industry's effort to fight check fraud is likely to benefit from President Donald Trump's order to the Treasury Department to stop issuing paper checks for federal disbursements and to ...
Forbes

Fraud In America 2025: The Consumer Threat Landscape

Online information safety concept. Increasing the quantity of fraud issues. The word Fraud against going up red chart graph. 3D illustration about hacker attacks. American consumers face mounting ...

How to write a fraud-proof check

Fraudsters have found clever ways to alter the names and amounts on checks you've written. Use these simple steps to prevent ...