The users will have more than one account from different banks, and hence the number and types of checks from these banks also differ.
Protect Checks From Frauds
As technology develops, so increases the fraud activities, say the technological experts. Fraud activities based on credit cards have become a topic of discussion all over the banking sector globally, and in the United States, things are not different. Like credit card frauds, check frauds are also on the rise, and a year back, the total banking industry lost around one and a half million dollars only by check frauds. A report from the American Bankers Association (ABA) shows that around 48% of the industry’s total loss is due to check frauds. Hence experts say that loss due to check frauds is at par with loss due to credit card frauds in the banking industry in the United States. Hence the strategy to protect checks from fraud is a major matter of concern that has arisen in the banking field nowadays. OnlineCheckWriter has a unique way to protect checks from frauds more reliably and economically.