For business accounts, "positive pay" and "reverse positive pay" are solutions to check fraud. With "positive pay", you upload the check number, the payee name, and the amount to your bank, if any of them don't match, such a check is rejected. With "reverse positive pay", your bank delegates the responsibility of approving any check to you.
Paper checks are useful, if you have various accounts with different banks. You can write a check for yourself to move money around.
Even mailing personal checks is not secure, as they are stolen. Even postal employees are involved in this [1].
Paper checks are useful, if you have various accounts with different banks. You can write a check for yourself to move money around.
Even mailing personal checks is not secure, as they are stolen. Even postal employees are involved in this [1].
[1] https://www.nbcnews.com/news/postal-worker-3-charged-24-mill...