One Federal Reserve study found that over the past decade 1 in 5 Americans increased their use of checks, while another found that check usage declined by more than half.
Something changed. What does it mean for your business?
Since billions of checks are written each year, this paper attempts to answer these questions:
- • Who is writing those checks?
- • To whom?
- • For what?
- • What merchants should know before deciding to accept checks or not?
