A Check-Free Future Benefits Everyone

Published 11/7/24

Is the burden of check processing slowing you down? Mailed check payments can be a significant drain on your organization. Not only do they consume vast amounts of employee time for opening, processing, and reconciling, they also pose a considerable threat to your customers.

With mail theft on the rise, the risk of stolen checks and mail fraud has significantly increased in recent years. According to this article by Forbes, a staggering $688-million dollars in transactions were linked to mail-related theft or fraud in the U.S. Treasury’s 2024 Financial Analysis Report. By continuing to mail check payments, your customers could fall victim to financial crimes.

However, there’s a silver lining. Assisting your customers in transitioning away from paper checks can mitigate their risk of mail theft. As a bonus, fewer mailed checks means higher adoption and less time spent processing mailed payments for you and your team.

To help you inform payers, we’ve created new templates you can use to educate on the dangers of mailed checks. To download, access the Marketing Resource Center and search “mail.” You’ll find all our resources aimed at educating payers on the risks of mail theft, including our new “Dangers of Paying by Mail” buckslip and poster.

Need access to the Marketing Resource Center? Email us at customermarketing@invoicecloud.com.

Looking for more information on check payers and ways you can encourage them to try digital payments? Join us for our 30-minute webinar on the topic on 11/21. Register here.