"Mitigating Check Fraud: A 2024 Resolution to Stop Using Paper Checks"

1 min read
Source: Yahoo News
"Mitigating Check Fraud: A 2024 Resolution to Stop Using Paper Checks"
Photo: Yahoo News
TL;DR Summary

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.

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