Greg Garrison explores the shift in use of paper checks, and speaks with Uri Rivner, CEO of Refine Intelligence, highlights why paper checks became such a magnet for fraud in the first place.
From altered payees and amounts to fully forged checks printed using stolen data, Rivner explains how outdated processes and a lack of verification controls made checks an easy target for criminals. As the banking industry phases out this legacy system, he urges vigilance to ensure fraudsters don’t find new ways to exploit what remains.
Read the full article: Is This the End of Paper Checks?
