Originally posted by neelnug:
We have implemented this. Every month I see a lot of fraudulant checks. Ebay, lottery winners, rebate checks... you name it. The banks job is to be suspicious. (to protect itself and its customers) Even the smallest banks see hundreds of thousands of dollar of losses due to fraud. Also the government is instituting a lot of costly and pointless policies to tell consumers that they are "being protected"
Yep, its business. Check fraud can costs banks $$$ and this in turn will hurt the consumer. Safest bet is paypal
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