Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety measures or to avoid sending checks through the mail altogether. Banks reported roughly 680,000 reports of check fraud to the Financial Crimes Enforcement Network, also known as FinCEN, last year. That’s up from 350,000 reports in 2021. Officials are warning Americans to avoid mailing checks if possible, or at least to use a secure mail drop such as inside the post office.
Even in Germany we don’t use cheques and the banking system in Germany is awful compared to the UK. It sucks because it’s the banks scrimping out and saving money by using this system still but the people getting screwed over from fraud.
Feel like Americans need to start demanding higher tech options here or they will be stuck with this forever…