PP: Based on your experience, do you have any predictions for the check market sector and the rate of check fraud? Where do you see things in the next five years?
CS: The use of paper checks will continue to decline. The government has already phased out, or is in the process of phasing out, paper checks in favor of electronic payment methods. The private sector will follow suit. We have many customers transitioning now from paper to electronic payroll and Accounts Payable methods. Obviously, we believe this will naturally lead to a decline in check fraud. While there are security issues with electronic payment methods, the likelihood of fraud and theft is not as great and it can be more easily controlled and tracked if something does occur. The major trend over the next five years will be the transition to electronic payments and paycards. 
Stay in Check
A closer look at security features used for combatting check fraud