Check Fraud by the Numbers: Risks, Trends, and Solutions

The Growing Risk of Check Fraud

Approximately 30% of payments received by companies are made through checks.

At the same time, check fraud and subsequent financial losses are on the rise. So, it's no surprise that financial institutions (FIs) cite external fraud as their top organizational risk.

These disruptions are straining businesses and their cash flow, highlighting the urgent need for reliable, online payment options that eliminate dependence on the postal system and keep operations running smoothly.

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