How to Stop Check Fraud Using AR Automation

eGuide Overview

Check usage may be dwindling in the B2B space but check fraud is more rampant than ever before. The best way to avoid this potentially catastrophic scheme is to do away with check acceptance and automate your accounts receivable (AR) process. Our eGuide provides three examples of check fraud and shares insight into how AR automation eliminates this form of financial deceit, enabling smooth, secure transactions between you and your customers.

"Recently, Regions Financial Corp. reported $153 million in check fraud losses through Q3 of 2023, with $82 million occurring in Q2 alone. David J. Turner Jr., Regions’ CFO, said it typically takes the bank up to 60 days to learn it has accepted a bad check, according to Bank Director magazine."

Did You Know?

33 %

of B2B payments made using checks

56 %

of paper check fraud was successful

200 %

increase in reported fraud over two years

How to Stop Check Fraud Using AR Automation

eGuide Overview

"Recently, Regions Financial Corp. reported $153 million in check fraud losses through Q3 of 2023, with $82 million occurring in Q2 alone. David J. Turner Jr., Regions’ CFO, said it typically takes the bank up to 60 days to learn it has accepted a bad check, according to Bank Director magazine."

Did You Know?

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