And the check - $14,000 - had already cleared her bank account. But when Dang examined the check, she noticed the payee had ...

Note: Banks may hold your check before making funds available in order to let the check funds clear. 2. Fill out the name of the recipient On the "For" payee line, write the name of the person you're ...

New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected ...

Check washing scams involve changing the payee names or the dollar amounts on checks and fraudulently depositing them. Criminals may also steal checks from mailboxes and use chemicals to remove ...

Following a public consultation on the proposed Verification Of Payee (VOP) scheme rulebook and the proposed European Payments Council’s (EPC) recommendations for the matching processes under the VOP ...

Banks will start introducing confirmation of payee from the end of November. Experts see the service as a key measure to ...

Wells Fargo says it feels bad for a customer, but refuses to reimburse, after a con artist ripped $14,000 from her account.

New Zealand’s retail banks will start rolling out the new Confirmation of Payee service by the end of November this year, says the New Zealand Banking Association. It will be a phased delivery to ...

Banks will implement a confirmation of payee service from November, but a full implementation is not expected until Easter ...

Often, the thieves would open a new bank account with a minimum amount but with the payee's name. Then, the thieves would then cash the check. More sophisticated thieves will take a stolen check ...

But when Dang examined the check, she noticed the payee had been changed. “And I said, ‘Oh, that’s not my handwriting,’” she said. Get top local stories in Southern California delivered ...