Fighting Check Fraud

As we're closing our books, I have noticed that the amount of returned checks we received last year was much smaller than the previous year. That's good news for our bottom line. Many retailers may not be so fortunate. The National Retail Federation estimates that retailers loose approximately $6 billion a year in bad checks, and throughout the U.S. economy, check fraud is believed to be a $10 billion a year problem.

Our About Guide to Retail Industry, Melody Vargas, shares these TeleCheck tips for tackling check fraud. After reading this, be sure your retail store operations manual has a plan for preventing and dealing with check fraud.

Are bad checks a problem in your retail store?