Restaurant Fraud & Counterfeit Money

Vigilance leads to Fraud Prevention and Increased Compliance

Implement Accurate Procedures to Mitigate Restaurant Fraud

All restaurants, whether fine dining, casual or quick service locations face issues of restaurant fraud when conducting daily business. Many of these establishments invite fraudulent activity with darkened environments or unusual lighting conditions which make visual inspection of payment methods and identity sources difficult to verify. Quick service restaurants lend themselves to payment–related fraud due to fast–paced check–out counters, a transient customer base, a large quantity of low–dollar transactions and low levels of experienced cashiers.

Because of the high costs of fraud, the restaurant industry is obligated to implement preventive controls designed to help reduce the risk of fraud. Regardless of service type, restaurants rely on ID’s, cash and credit cards; additionally, due to increasing legal requirements, the industry must also find cost effective and non–intrusive methods of ensuring customer identity. It is vital now more than ever to verify not only the age of patrons, but also the authenticity of ID’s, cash, credit cards and checks in order to prevent fraud from occurring in the first place.

A multi–layered approach to reducing fraud, minimizing risk and increasing the bottom line is one way to sustain competitive advantage in the marketplace.

Fraud Fighter™ has proven solutions that can address the issues that the restaurant industry is facing with fraud while helping to optimize compliance with legal regulations. Following a risk assessment that helps management understand the risks that are unique to their business, Fraud Fighter recommends a multi–layered, prudent set of recommendations and practices that when implemented; enable a restaurant establishment to implement a proven solution that targets the right resources and controls to reduce risk with no adverse impact to the customer experience.

Added Value: HR Protocols and compliance

In addition to fraud prevention and financial transaction compliance issues, Fraud Fighter™ product solutions provide Human Resource departments with proven tools that contribute to reliable applicant screenings during the new hire process. For medium and enterprise operations that have high–level employee “churn” and are constantly involved in hiring new employees, Fraud Fighter empowers firms with rapid document authentication & identity validation solutions at optional levels of cost and accuracy.

Fraud Fighter’s advanced screening capabilities are critical in a broad applicant base hiring process, particularly as it relates to adhering to Immigration and Nationality Act (INA) employment eligibility verification requirements.