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16min chapter
S5 Ep6: BNC: The Debit Interchange Cap is Being Lowered Because … Reasons, Check Fraud, and the Implications of 1033
Fintech Takes
The Persistence and Vulnerability of Check Payments
This chapter explores the ongoing use of checks in financial transactions, with a focus on the prevalence of check fraud and its impact on banks. The speakers express concern over the frequency of check fraud and question why banks haven't taken more measures to transition people away from using checks. They also discuss the potential of account-to-account payments as a solution to reduce check volume and prevent fraud.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode