Mornings

Check Fraud

Photo: Newsradio WGAN

Check Fraud

Posted on December 1, 2023 by dmartignetti

We’re living in a world where we write fewer checks than we used to—debit cards, credit cards, Venmo, ApplePay, etc have changed the payment landscape.

Over the last 30 years, the number of checks processed by the Federal Reserve—that’s about a third of the total—has gone from over 19 billion in 1990 to 3.4 billion on 2023. And yet… check fraud is on the rise.

We speak with Andrew Silsby—President and CEO of Kennebec Savings Bank

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