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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Electronic Lockbox Explained: Keeping Online Banking Bill Pay Payments Electronic

Electronic Lockbox Explained: Keeping Online Banking Bill Pay Payments Electronic

When a consumer uses their bank or credit union's online banking bill pay service, the experience feels entirely electronic. They log in, search for...

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What's the Difference Between Retail Lockbox and Wholesale Lockbox?

What's the Difference Between Retail Lockbox and Wholesale Lockbox?

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What Success Looks Like in Receivables Processing

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This article draws on findings from a Datos Insights research paper commissioned by CheckAlt. For community and midsize banks and credit unions...

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