The Paper Check Problem: How Outdated Payments Drive Fraud

Money Mobility Tracker® - Checks at Risk: How Paper Payments Weaken Fraud Prevention

Despite their declining use, paper checks remain a significant weak link in fraud prevention for businesses and consumers alike. The latest “Money Mobility Tracker®,” a collaboration with Ingo Payments, highlights why transitioning to secure digital and instant payment systems is key to mitigating fraud and protecting financial stability.

Inside the January Tracker
  • Despite their well-documented security vulnerabilities, paper checks represent a larger-than-expected share of B2B payments.
  • Even with the growing industry shift toward digital payments, checks remain a critical weak link in the fraud prevention chain.
  • Digitizing payments could prove exceptionally useful not only in reducing check fraud but also in accelerating payment speed.

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    Money Mobility

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