This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
05/06/2024
Is it time to kill the paper check?
ABA Banking Journel
Checks aren’t dying on their own. Meanwhile check fraud is up exponentially while bankers await a killer app for payments.
In 2019, Saturday Night Live aired a sketch called “Cheques,” a mock bank commercial that plays up the scandalous drama of check-writing — “because there’s nothing like furiously scribbling on a piece of paper, tearing it, flicking your wrist and saying ‘I trust this will suffice.’”
“Best of all, checks are easy,” vamps actress Sandra Oh, giving a check logistics lesson for unaware youngsters as she taps on a blank check. “Here: his name. Here: how much. Here: the same, but with letters.”
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more information
Resources
Your electronic library to help in fighting financial fraud for all of our partners.
more information