Fraud Channels: Check & Debit Card

Check fraud and debit card fraud have increased tremendously and with staggering losses to financial institutions.  Your institution’s liability will vary depending on the type of transaction, how the fraud occurred, and whether it was a consumer or business account.  Was it a forged maker’s signature, a forged endorsement, a counterfeit check, an altered check, an electronically converted check, a fraudulent debit card transaction, a counterfeit debit card, or a card-not-present transaction?  The numerous rules under the Uniform Commercial Code and Regulation E are mindboggling.  How do you determine which rule applies in your situation?  This webinar will explain which law applies in each type of situation involving check fraud and debit card fraud.  This webinar will also explain your institution’s liability in these situations and what it can do to protect itself from liability.