Expect Checks to Stick Around
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In terms of cost, all interviewed said the increase in price to include security features is dramatically less than the loss incurred due to fraud should a customer opt out of good security. "The whole issue is about who will be responsible for funds lost should fraud happen to occur," said O'Neil. "With that being said, end-users in the business world prefer to transact with checks as opposed to online banking, and they will opt for high-end security measures to ensure that they don't loose out on millions of dollars. The trade-off is well worth it.
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