"Mitigating Check Fraud: A 2024 Resolution to Stop Using Paper Checks"
TL;DR
Despite the decline in check usage, check fraud is on the rise, costing financial institutions billions. Tips for writing checks safely include using gel pens, keeping a separate account for check writing, and mailing checks securely. Banks offer various protections, such as flagging unusual checks and secure online bill-payment services. Person-to-person payment platforms like Zelle and Venmo are convenient but come with risks, so users should transact with caution and verify recipients' identities.
Topics:businessfinance#banking-security#check-fraud#digital-payments#finance#mail-security#person-to-person-payments
- Writing Checks Can Be Risky. Here's How To Protect Yourself. Yahoo News
- Here's a 2024 resolution: Stop using paper checks. Fraud is soaring Los Angeles Times
- Why do we still use paper checks? Marketplace
- What to Know About Writing Checks While Preventing Fraud The New York Times
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