Abagnale SuperBusinessCheck(R) Brings High Level of Fraud Protection to Small and Medium Size Organizations
21 Avril 2008 - 4:00PM
Business Wire
Standard Register (NYSE:SR) today introduced the Frank Abagnale
SuperBusinessCheck, the most sophisticated check ever developed in
the fight against fraud. Available through Standard Register and
SAFEChecks, the SuperBusinessCheck was designed to provide
organizations with affordable protection against check fraud, one
of America�s fastest growing and least prosecuted financial crimes.
Designed by Frank W. Abagnale, one of the world�s foremost
authorities on check fraud prevention and document security, the
SuperBusinessCheck has numerous security features that make it
almost impossible to replicate, or to alter without leaving
evidence. Abagnale, whose youthful exploits as forger and imposter
were depicted in the motion picture Catch Me If You Can, designed
this check while considering every way to forge, counterfeit, alter
or duplicate a check. He believes every company, both large and
small, needs high-level fraud protection. �After years of designing
checks for Fortune 500 companies and major banks, I created the
SuperBusinessCheck to help businesses and organizations protect
their checking accounts,� Abagnale said. �Though all companies are
vulnerable to fraud attacks, the stakes are higher for small- and
mid-sized organizations that cannot absorb a major loss, and where
manufacturing custom-designed high-security checks in small
quantities would not be economical.� In its 2006 Report to the
Nation on Occupational Fraud & Abuse, the Association of
Certified Fraud Examiners indicated that the median check fraud
loss businesses reported was $120,000. According to Dan Thaxton,
senior manager for security solutions at Standard Register, �In an
environment where a fraudulent check can cost a business tens, or
hundreds of thousands of dollars, preventing even a single check
fraud incident can offset the added cost of high-security checks
for years.� In addition to the powerful protective technologies
designed into the check, the distribution controls put in place by
Standard Register and SAFEChecks to maximize protection make this
check unique, Abagnale noted. While most check stock is
uncontrolled � meaning anyone can purchase the same blank checks as
other businesses, even from the same manufacturer � the
SuperBusinessCheck is tightly controlled. To keep costs down, the
SuperBusinessCheck is manufactured on high-security presses and
stored in secured areas until ordered. The blank check stock is
then imprinted with the customer�s specific information � such as a
logo, bank MICR line or other desired items � to create a high
security check that is unique to each organization. For security
purposes, the SuperBusinessCheck is never sold entirely blank
without it first being customized in some way. Furthermore, the
checks are manufactured with 16 security features including being
printed on high-security multi-tonal, mill-made Frank W. Abagnale
signature watermark paper. The paper is virtually impossible to
replicate, is reactive to a full range of chemicals, includes a
toner adhesion agent and multicolored fibers. The Frank W. Abagnale
SuperBusinessCheck is part of Standard Register�s comprehensive
suite of document security solutions designed to help companies
protect their checks and other important documents from fraud.
About Standard Register Standard Register is a premier document
services provider, trusted by companies to manage the critical
documents they need to thrive in today�s competitive climate.
Employing nearly a century of industry expertise, Lean Six Sigma
methodologies and other leading technologies, the company helps
organizations increase efficiency, reduce costs, mitigate risks,
grow revenue and meet the challenges of a changing business
landscape. It offers document and label solutions, technology
solutions, consulting and print supply chain services to help
clients manage documents throughout their enterprises. More
information is available at http://www.standardregister.com. About
SAFEChecks SAFEChecks is a premier provider of check fraud
prevention solutions. Headquartered in Canoga Park, Calif., the
company offers high security personal and business checks, positive
pay software, consulting services and MICR laser check printing
systems. Established in 1994, SAFEChecks products and services are
specifically designed to stop or deter check fraud losses while
simplifying check printing. For more information, visit
www.safechecks.com. About Frank W. Abagnale Frank W. Abagnale is
one of the world�s most respected authorities on forgery,
embezzlement and secure documents. For more than 30 years, he has
lectured to and consulted with hundreds of financial institutions,
corporations and government agencies around the world. Abagnale
lectures extensively at the field offices of the Federal Bureau of
Investigation and at the FBI Academy. More than 14,000 financial
institutions, corporations and law enforcement agencies use his
fraud prevention programs. Abagnale believes that because
punishment for fraud and recovery of stolen funds is so rare,
prevention is the only viable course of action. More information is
available at http://www.abagnale.com.
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