The Hologram Myth

You know the gold foil holograms on some of our Canadian currency? These are a built-in security feature, among others to help protect against forgers. Some have seen a similar hologram on cheque stock and equated the same sense of security with cheques as with currency. These people would be mistaken. Here is the MYTH: These … Read more

Styles Of Cheques

The style of cheque needed depends mainly on the purpose; are you giving a birthday present, paying off an invoice, or, are you completing your weekly payroll.  Once this is determined, the cheque styles are as follows: Personal Cheques – Handwritten and ideal for presents, rent or other common items. Manual Cheques – Used by … Read more

Visa Introduces Prepaid Clearinghouse Service to Help Reduce Fraud

Visa has announced a new Prepaid Clearinghouse Service – “a centralized database that allows financial institutions, processors and prepaid program managers to share prepaid card data such as enrollments, load funding, suspected fraudulent information and previously reported fraud on existing card accounts.” Visa says the new service will provide information sharing to better identify and stop fraudulent … Read more