Thumbprint Signature Program
Originally developed by the Texas Bankers Association, the Thumbprint Signature Program provides a simple, effective and inexpensive method for preventing and deterring check fraud. The deterrent aspect of the program is its strongest advantage.
Since its inception, the program has spread to 38 endorsing state bankers associations. Participating institutions are reporting a significant reduction in losses from fraudulent checks cashed at teller windows since implementing the program. Numerous Indiana financial institutions are already taking a bite out of check fraud by participating in the program.
How does it work? The program works as a natural deterrent. Persons wanting to cash a check are asked to place an impression of their thumbprint on the face of the check. A small "inkless" touch pad facilitates the process. Although the touch pad looks and operates just like a traditional inkpad, it leaves no stain or residue on users or clothing. The procedure is quick, simple and clean. These signatures are used by law enforcement officials only in cases where fraud is suspected.
Criminals seeking to commit check fraud are unlikely to put their thumbprints on bogus checks. Those who are foolish enough to cooperate leave a positive ID that can be turned over to law enforcement.
- Touch Pads: The pads have a shelf life of 18 months or a minimum of 500 impressions. Be sure to order enough for all your tellers. Pricing is as follows:
No. of Touch Pads IBA Member Pricing Non-IBA Member Pricing 1 - 100 $4.00 ea. $5.25 ea. 101 - 250 $3.50 ea. $4.75 ea. 251 or more $3.00 ea. $4.25 ea.
- Window Displays: Post these 6x3-inch "tent-style" display signs at your teller windows as an additional reminder that you participate in the program. Pricing is as follows:
IBA Member Pricing Non-IBA Member Pricing $2.25 ea. $4.50 ea.
- Decals: Post decals at all entrances to let people know you are participating in the program and to warn potential criminals that their crimes will not go undetected. Pricing is as follows:
IBA Member Pricing Non-IBA Member Pricing $2.50 ea. $4.75 ea.
- Statement Stuffers: These 3.5” x 7.5” brochures explain the mechanics of the program in easy to understand language. Banks should send them as a public service announcement to all account holders at least three times during implementation of the program. Banks should also keep plenty available for anyone who might have questions about the program. Available in increments of 500 only. (Banks only). Pricing is as follows:
No. of packages IBA Member Pricing Non-IBA Member Pricing 1 - 3 $75.00 ea. $100.00 ea. 4 - 6 $70.00 ea. $95.00 ea. 7 - 9 $65.00 ea. $90.00 ea. 10 or more $60.00 ea. $85.00 ea.
See Products for Sale to order these products.
For additional information , contact Tim Fry at 317-387-9380.