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I agree, the stated benefit of I don't have to give my details, is not just confusing but plain wrong. Checks leak as much if not more information. I was repl
by jhancock 17y ago
I agree, the stated benefit of I don't have to give my details, is not just confusing but plain wrong. Checks leak as much if not more information. I was replying the parent post of why checks do have some value.
The laws for check fraud are different than credit fraud and the like. In most cases (each U.S. state is different), check fraud laws are old and quite strict. These laws have statutory obligations to fulfill to enable criminal prosecution. These requirements in turn force law enforcement and banks to take action. This may not always happen, but there is a framework for pushing it to happen.