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  2. 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 ...

  3. Electronic billing - Wikipedia

    en.wikipedia.org/wiki/Electronic_billing

    Electronic billing or electronic bill payment and presentment, is when a seller such as company, organization, or group sends its bills or invoices over the internet, and customers pay the bills electronically. [1] This replaces the traditional method where invoices are sent in paper form and payments are done by manual means such as sending ...

  4. Check 21 Act - Wikipedia

    en.wikipedia.org/wiki/Check_21_Act

    If a paper document is still needed, these images are inserted into specially formatted documents containing a photo-reduced copy of the original checks called a "substitute check". Once a check is truncated, businesses and banks can work with either the digital image or a print reproduction of it.

  5. 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 ]

  6. 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 ...

  7. 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 ...

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