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I didn’t read the article (paywall), but in real estate, we have checks stolen from the post office all the time. All we need to do to secure checks is for bank
by ethagknight 2y ago
I didn’t read the article (paywall), but in real estate, we have checks stolen from the post office all the time. All we need to do to secure checks is for banks to give us some mechanism to upload an image of checks we send to our account for pre-authorization, and/or a push notification for checks authorization for checks over a certain amount and/or whitelist recipients. Very simple digital controls, but “it’s cheaper” for banks just ignore the problem, at least it was until the enforcement side (local and postal police) gave up enforcing.
- high_na_euv 2y agoBut, why even use cheques at all?
- niij 2y agoIt sounds like what you want is Positive Pay. Most Financial Institutions offer this Cash Management feature to business clients.