Archive - September 2023
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Recent surge in mail theft related check fraud schemes in Minnesota and across the country.
Posted On: September 12, 2023 by Falcon National Bank in: Manage your Business | Business Banking, Your Financial Life | Personal Banking
It takes some diligence, but with the right knowledge, a reliable banking partner, and the use of effective tools, you can empower yourself to safeguard against potential threats like check fraud schemes. What does the fraud look like? Here is a typical example of what business customers are experiencing: A business customer drops a check payment in the mail payable to their vendor. At some point along the way, the check is stolen by criminals. (Criminals target USPS blue collection boxes,...
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