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Are paper checks too risky?

Banking expert compares the risk vs. reward when considering paper checks or digital payment services

by The 100 Companies

Are you writing fewer checks? Take it from this banker: That’s a very good thing.

It’s 2022 – better payment technology is everywhere. When it comes to security, checks are last place.

Consider that, when you write a check, you’re handing over your bank account number and personal details – pretty much all a thief needs to start stealing your funds.

Credit and debit cards are now equipped with security chips, contactless capability and many have built-in fraud-prevention. If you forget your cards, there are secure mobile payment options like Apple Pay, Google Pay and Zelle. Resolve to pay smarter in 2022.

– Susan Allardyce, Home Bank, The New Orleans 100

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