Create-A-Check, Travelers Provide Check Fraud

April 19, 2001

Create-A-Check(TM), a provider of secure payment software solutions, announced that it now provides check fraud insurance to thousands of businesses using the company’s software. The insurance program, furnished by Travelers Bond, a division of Travelers Insurance, provides protection against unauthorized checking transactions such as forgery, theft, alteration and certain legal expenses. Check fraud insurance is included with the Create-A-Check’s payment management software.

The extent of the coverage for an unauthorized transaction is determined by the business’s compliance with procedures made available by Create-A-Check and the participating business’s own bank. Businesses using Create-A-Check security-enabled blank check stock, Create-A-Check software with Trace-A-Check(R) microprint, and their own bank’s “Positive Pay” process will be covered under this program.

Based on current research, Create-A-Check estimates American businesses may lose over $12 billion a year due to check fraud. The most frequent targets are small and medium sized businesses as well as governmental agencies.

Create-A-Check looks to prevent fraud using security-enabled blank check stock, Create-A-Check software with Trace-A-Check(R) microprint, and their own bank’s “Positive Pay” process.

Create-A-Check Business Solutions is located in Salt Lake City, Utah. It provides MICR laser check solutions for businesses across the U.S. and in 15 countries.

Travelers Bond is a writer of crime insurance, surety and professional liability products. Its primary underwriting company is Travelers Casualty and Surety Company of America.

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