Thumbprint Signature Program
Despite current technology, check fraud costs Americans billions of dollars each year. According to a 2009 Fraud Survey conducted by the American Bankers Association, check-related losses amounted to an estimated $1.024 billion in 2008, up slightly from $969 million in 2006.
In an effort to combat this crime, the Kansas Bankers Association offers the Thumbprint Signature Program to banks and retailers across the state. This program, developed by the Texas Bankers Association in 1995 provides a low tech, low cost and effective method for preventing and deterring check fraud. Customers are asked to place an impression of their thumbprint on the face of the check. A small inkless touch pad facilitates the process, and leaves no stain or residue on users or clothing.
The program works as a natural fraud deterrent. Criminals seeking to commit check fraud are unlikely to put their thumbprint on bogus checks and if so they leave a positive ID that can be turned over to law enforcement agencies. The Thumbprint Signature Program is now in its 16th year and is used by bankers and retailers, county clerk and attorney offices across the nation. For more information about how you can use the Thumbprint Signature Program to reduce check fraud, or to order supplies, please contact Becky Iams by e-mail or by phone at 785-232-3444.