Target, America's seventh biggest retailer, stopped accepting checks this month.
, the company said the change was in response to “extremely low volumes” of checks being used by customers.“I think more retailers are going to stop taking checks, and I think that this is not going to be a big problem for many customers,” saidwhy stores might be giving up on checks in an article for The Conversation, and he said he and the editor reached out to Target about its decision to stop taking checks.to give up on paper checks as a form of payment.
“Check fraud seems to be exploding in the last two years,” Zagorsky said. “In particular because there's ways of washing ink off and making a check look basically new again once you've already taken it, somebody's prewritten check, changing the amount, changing who it's addressed to, these kind of things.”Anyone with graphics software and a high-quality printer can readily turn out counterfeit checks, the article noted.
Zagorsky said people might like writing checks, because it can help them track and constrain their spending. Electronic payment methods are “frictionless,” he said. And the value of the money charged to a piece of plastic might feel more abstract for some folks.And Zagorsky, who advocates for the use of cash, said cash still works when there’s a natural disaster that knocks out power. Cash works if there are online disruptions, such as last week’s
Checks Fraud Zagorsky Retailer Payment Customers Fraudulent
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Target Circle Week: Enjoy huge discounts, get Target Circle 360 annual membership for only $49Everything you need to know about Target Circle Week.
Read more »
OPINION: Made in America should be mined in AmericaEstablishing a decisive minerals policy, and a leading U.S. office to shepherd it, cannot wait.
Read more »
Sit Down Haters, Sam Wilson Is The Perfect New Avengers Leader After Captain America 4's TrailerSam Wilson as Captain America with the shield in Captain America Brave New World
Read more »
How I went from chanting ‘Death to America’ to ‘God Bless America’As a student I joined the masses of protesters in the streets of Tehran in 1979 shouting 'Death to America.' But I have grown to love America and what this blessed nation stands for.
Read more »
Captain America: Brave New World's Anthony Mackie Debuts New MCU Image Of Sam Wilson's Costume On July 4thSam Wilson with his Captain America shield in Captain America Brave New World image
Read more »
8 Years Later, The MCU Has Confirmed Team Cap Won Civil War In The Worst WayCaptain America with Team Cap in Captain America Civil War
Read more »