TROY Trends: A Look into the Latest Industry Trends

Check Fraud has Increased Leaving Organizations Exposed

Written by TROY Group, Inc. | Oct 13, 2017 4:00:00 AM

Make the Fraudsters Look Like Clowns with Tamper-Resistant MICR Technology

If you are heading to Jack Henry this week, be sure to stop by Booth 206 to talk with us and learn more.

75% of organizations experienced check fraud in 2016¹, and smaller companies are lacking security to combat this risk. Not only do smaller organizations lose the same average amount as large facilities, 60% do not recover any of their losses².

Secure MICR Solutions Can Decrease Your Organization’s Risk

Lack of anti-fraud controls can expose your facility to internal and external risks. TROY’s tamper-resistant check printing solutions will decrease your risk and increase your peace of mind.

A complete MICR solution is vital to protecting your organization from check fraud. TROY Check Printing Solutions enable you to:

• Make the fraudsters look like clowns with TROY MICR Toner Secure. This toner has a patented security agent which forces a bright red stain if chemical tampering occurs.

• Print consistent, reliable MICR quality every time.

• Relax knowing your MICR hardware and toners are HP OEM products, which have the highest security and meet or exceed page yield.

Components to a Secure Check Printing Solution

There are three main components to a secure check printing solution.

1. MICR Printer: As a HP Partner, we enhance the HP base model into a MICR printer and include additional security features which allow your organization to eliminate preprinted check stock. All elements of the check can be printed in one-pass, including the MICR line, signature and all company/payee information. Built in features³, such as MICR Toner Sensing, Exact Positioning Technology, MicroPrint and Toner Sensing mean better security.

2. Check Paper: Preprinted check stock can easily be stolen or misused internally. As well, by switching to blank check stock, you can eliminate time-consuming chain of custody protocols and focus on other important tasks.

3. MICR Toner: All TROY toner cartridges are created to meet the highest ANSI standards within our ISO 9001 facility, and are precision-matched to meet the specific characteristics of each printer model. TROY cartridges consistently meet or exceed OEM yield, providing your organization with reliability and a low operating cost.

Headed to Jack Henry? Stop by Booth 206.

We are exhibiting at Jack Henry, October 16 – 18, to help educate organizations on secure check printing technology and reducing their risk to check fraud. Make sure you stop by our booth to speak with our MICR solutions experts and learn how you can make the fraudsters look like clowns with secure MICR technology.

Not going to Jack Henry? Contact us at 304-232-0899, email SecureSolutions@troygroup.com, or visit www.TROYgroup.com.

¹AFP Payments Fraud and Control Survey 2017
²ACFE’s 2016 Global Fraud Study, Report to the Nations on Occupational Fraud and Abuse
³Built in features not available on all models