Banking regulators issue check fraud warning
Bob Sullivan writes on MSNBC:
Federal banking regulators have issued an alert about Qchex.com, a Web site that lets Web users initiate traditional paper check payments through e-mail. The alert follows an MSNBC.com story in May chronicling complaints about fraudsters using the service.
At Qchex.com, visitors can create checks that draw funds from nearly anyone's checking account -- as long as the user has the correct bank routing number and checking account number. Those numbers are found on the bottom of every check.
In its terms of service, Qchex says it does not attempt to verify the identity of its users.
posted by Fergie @ 7/13/2005 04:42:00 PM
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