The MBA encourages banks throughout the state to participate in the Thumbprint Signature Program. Whether you are a bank in the metro area or a small community bank, it remains a simple, low cost deterrent to identity theft and check fraud. The program has been very successful and we have received encouraging support from regulators and the local law enforcement. Materials, including the special inkless thumbprint pads, may be purchased at a discounted rate through the MBA.
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 deterrent aspect of the program is its strongest advantage. Criminals seeking to commit check fraud are unlikely to put their thumbprints on bogus checks. Those who are willing to cooperate leave a positive ID that can be turned over to law enforcement.