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  2. Remotely created check - Wikipedia

    en.wikipedia.org/wiki/Remotely_created_check

    The checks also allow consumers to pay monthly bills by having them debited automatically out of their accounts, rather than having to write a new check each month. [ 1 ] Demand drafts are frequently used by consumers instead of credit cards , and large companies also commonly use them. [ 2 ]

  3. Check 21 Act - Wikipedia

    en.wikipedia.org/wiki/Check_21_Act

    The Check 21 Act took effect one year later on October 28, 2004. The law allows the recipient of a paper check to create a digital version of the original, a process known as check truncation, into an electronic format called a "substitute check", thereby eliminating the need for further handling of the physical document. The recipient bank no ...

  4. Electronic billing - Wikipedia

    en.wikipedia.org/wiki/Electronic_billing

    If they cannot deliver the payment to the payee electronically, they will print and mail a paper check on the payer's behalf. The largest providers of electronic bill pay services can deliver about 80% of their payments electronically, so 20% of payments facilitated by the large pay-anyone services are still made by mailing a paper check to the ...

  5. Millennial Money: Stop using paper checks, already - AOL

    www.aol.com/news/millennial-money-stop-using...

    Now is a good time to stop: Check fraud tied to mail theft is up nationwide, according to a February alert from the Financial Crimes Enforcement Network. This is partially due to the effects of ...

  6. Paper Checks Pose Major Risk to Corporate Coffers - AOL

    www.aol.com/news/paper-checks-pose-major-risk...

    On top of being a cumbersome payment vehicle, the paper check continues to pose a major risk to corporate coffers. Fraud is on the rise from both within and outside of the organization, and bad ...

  7. Forget Paper Checks: Here's Why It's Time to Use Other ... - AOL

    www.aol.com/forget-paper-checks-heres-why...

    Paper checks were the norm for non-cash payment methods for many decades, banks still offer them (sometimes for free), and check payments are often the lifeblood for nonprofit donations (in my old ...

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