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Fake Postal MOs beware. By Tim Johnston

October 27 2008 at 6:45 PM

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http://www.network54.com/Forum/79537/message/1225141932/If+you+buy+and+sell+with+postal+MOs-+here+is+new+info

 

If you buy and sell with postal MOs- here is new info

October 27 2008 at 5:12 PM
tim johnston   (Login timjohnston)
YC

Just sent one out today. They are green and come close to our paper money. Watermark and a magnetic strip. They look pretty cool. Here is what the post office has to say about them. tim




Money Order Security Features
Things to check for to ensure a Money Order is authentic.
Postal Money Orders are safe to use because they have many security features that help distinguish between real and counterfeit notes. Just like our own U.S. currency, they are specially designed with different colored inks, watermarks, and security thread in the paper.


How to tell if it’s official
Hold the money order up to the light and look for the following security features:

Ben Franklin images (watermarks) repeated on the left side (top to bottom).
A dark security thread running (top to bottom) to the right of the Franklin watermark, with the tiny letters “USPS” facing backward and forward.

If either of these security features is not present when the money order is held up to the light, you are holding a fraudulent Postal Money Order.

Also be aware that
Denominations are indicated on two locations.
Discoloration of the denomination amounts indicates erasure (fraudulent).
Maximum value for domestic postal money orders is $1,000.
Maximum value for international postal money orders is $700. (Maximum for Canadian money orders is $1,000)

Notice 299 take-ones (highlighting money order security features) are available to order from the Topeka Materials and Distribution Center (1-800-273-1509). Or, you can download the Notice 299 (pdf) (htm) (October 2008).

To verify a postal money order, call the Money Order Verification System at 1-866-459-7822. If you suspect fraud, call the U.S. Postal Inspection Service at 1-877-876-2455 (select option 4).




Steve
Yellow Forums Administrator
http://www.yellowforum.com



 
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