We’re about a month and a half out from the Scaling New Heights 2014 conference in San Antonio. One of the themes of this year’s conference is fraud protection and prevention. On Tuesday of this week some of you may have participated in a webinar hosted by Joe Woodard (his company puts on the conference), called, “Reduce the Risk of Fraud for QuickBooks Users.” Joe interviewed Frank Abagnale (yes, THE Frank Abagnale played by Leonardo DiCaprio in the movie, “Catch Me If You Can”) who will also be one of the keynote speakers at the conference itself.
Frank spoke about a number of fraud related topics surrounding the QuickBooks market. One of the topics that he stressed was check fraud. Understandably, we were very happy he stressed this issue, because as Wellspring Software develops and sells PrintBoss, a check printing software, we are acutely aware of the check fraud that is prevalent today, but are also aware that many people are unaware.
Frank discussed a number of things he is working on with Intuit to combat check fraud, particularly with their new high security check stock. All of the points he made are not only salient, but important in the spread of check forgery awareness. It is great that Intuit is taking these steps to make the check stock more secure, but at the same time, we are tempted to say (and I guess we areJ), it’s about time! The check security technology Frank referenced and Intuit is advertising is not new technology. Toner adhesion, invisible fluorescent fibers, micro printing, colored background, and chemically reactive paper have been around for years. He actually mentioned how many of them have been used in currency, bond notes, and other documents for a long time. In fact, our check stock has had all of that and more for over ten years AND it costs a fraction of the price you pay for Intuit stock.
Once again, it is important for Intuit to take steps toward offering a higher security check stock, but what they are just beginning to offer now, we have been providing customers for over a decade and for a lot less. Furthermore, there is one security benefit of blank check stock that preprinted QuickBooks checks will never be able to equal no matter the technology: blank checks are blank. It’s obvious, as the name implies it, but the ramifications are enormous. No matter how much technology is in your check, preprinted checks always say your account and routing numbers on them. Due to this, your unused Intuit stock is always a liability. With blank check stock, the account and routing numbers are only printed on the check when you process a check run. In other words, until you process your payables, your unused check stock is as much a security risk as the reams of white paper in your supplies closet.
Take a look at our check stock security features and all the great colors we sell them in. Then check back next week when we take a deeper dive into check security and many of the features listed above.
If you are coming to the Scaling New Heights conference next month, we hope you will stop by our booth (#32) to talk about check security and the many other ways PrintBoss can save you time and money.