Q2 2024 Bank Executive Business Outlook Survey by IntraFi
According to the results from IntraFi’s survey, 90% of all bankers said their institution has experienced higher levels of fraudulent check-writing. More than a quarter (28%) of all bankers said the level of fraud has risen above 50% over the last three years, while another 19% have seen check forgery increase 30% to 50%. Unfortunately, as check fraud has spiked, more banks have experienced challenges in getting reimbursed from those institutions where the bad check is initially cashed. Forty-nine percent of respondents said that delays in payment are a common occurrence. Another 41% said it happens occasionally.
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