BobKamman
Level 15

@IRonMaN  This may be the tax season I start accepting credit and debit cards.  What inspired me is the recent article in the NY Times: 

What was once a routine way to pay your bills — handwriting paper checks at the kitchen table, dropping envelopes into a blue metal box on the street — has become a high-risk endeavor: It provides the raw materials for low-level fraud artists and sophisticated crime rings, costing financial institutions billions. It has put banks on high alert, though their efforts to catch the fraud also routinely entangles innocent customers, causing institutions to suddenly freeze or shut down customer accounts in the process. Many of the bad guys manage to disappear without any consequences.

“Fraudsters go where the money is easiest,” said Chad Hetherington, a vice president at NICE Actimize, a financial crimes company specializing in fraud prevention.

Even as check usage has rapidly declined over the past couple of decades, check fraud has risen sharply, particularly since the pandemic. The cons may start with stealing pieces of paper, but they leverage technology and social media to commit fraud on a grander scale, banking insiders and fraud experts said. In the past, criminals needed a special internet browser that would grant entry into the dark web marketplace of stolen checks, maybe even someone to vouch for them — now all they need is an account from Telegram, a messaging app.

https://www.nytimes.com/2023/12/09/business/check-fraud.html

And I may stop accepting cash.  I had one client who thought she was doing me a favor by paying cash (or maybe she has a side business she didn't want me to know about).  I don't go inside banks, they are full of tellers trying to direct you to the salesperson in the corner trying to peddle annuities or mutual funds.  And the ATM at Chase ate the currency I tried to deposit, and didn't give me a receipt.