Checks at Risk: How Paper Payments Weaken Fraud Prevention

12 Pages

Check fraud is surging, with U.S. losses estimated at $24B in 2023, despite declining check use. Paper checks still make up nearly 40% of B2B payments, leaving businesses—especially SMBs—vulnerable. Fraud methods include mail theft, forgery, and counterfeiting. Digital payments offer better security, lower costs, and faster transactions. Transitioning to digital can reduce fraud risk, improve cash flow, and increase operational efficiency.

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Checks at Risk: How Paper Payments Weaken Fraud Prevention

Checks at Risk: How Paper Payments Weaken Fraud Prevention

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