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Ben Werner,
Student Newspaper Editor
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Larger banks have already taken pro-active steps to combat the menace of fraud, leaving smaller institutions such as credit unions more vulnerable.
The Central Banks which are the lifeblood of the IFC and all corporations are dependent upon a fraud that is quickly coming to light, and fraud exposed is fraud destroyed.
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Brian Mengel,
Civil Servant
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Credit Card fraud is taken very seriously and will be reported to card issuers, banks, processing agencies and, if necessary, the Police and relevant bodies without further communication with you.
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John Fielding,
CEO
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The bank's initial estimates forecast reporting net profits of 997m euros in 2001, excluding a loss of about 596m euros because of the alleged fraud.
The company has recently expanded its product line to include check fraud prevention software that will be marketed through major banks to their business customers.
Check fraud is a problem that will cost American businesses and banks approximately $50 billion this year alone.
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Richard Hosking,
Paranormal Investigator
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Bank's determination of the Prepayment Amount shall be conclusive in the absence of obvious error or fraud.
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Dave Simons,
Internet Entrepeneur
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PayPositive is a software solution for banks and businesses working together to detect check fraud.
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Mike Enlow,
Internet Marketer
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We are experiencing a high volume of fraud with orders placed via phone and Internet using international banks for Visa/Mastercard.
PayPositive is designed to help banks quickly add check fraud protection to the list of services they offer business customers.
The frauds are often made easier due to the willingness of banks and credit card companies to change an address without independent verification.
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Thomas Owens,
Police Officer
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The banks should identify cases of willful default, fraud and malfeasance and intimate prompt action against them.
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