I think in the UK check signatures are not verified below £30,000 (about US $53,000). I presume it is just economics ... cost of infrastructure to verify vs value of verifying given the fraud rate.
Adam On Fri, Jul 15, 2005 at 01:42:08PM +0100, Ben Laurie wrote: > My bank doesn't even bother to move them around, as I discovered when I > had a chequebook stolen and cheques for large sums forged, and honoured. > > When I spoke to a person who had found the cheque in their store I asked > "is it my signature?" (yes, I am sufficiently absent-minded that I might > have written a large cheque and forgotten about it). Their response was > that they didn't know and had no way to find out. In the end they faxed > me a copy so I could check it myself. --------------------------------------------------------------------- The Cryptography Mailing List Unsubscribe by sending "unsubscribe cryptography" to [EMAIL PROTECTED]
