Paper check costs include more than just postage

Paper check costs include supplies, man power, fraud risk, and environmental impact. In the United States, issuing paper checks can cost between $1 to $26 with an average of about $6 per check. Other factors to include in the cost of paper checks are the unbanked population, escheatment, and bank charges. 63 million adults are ...

2021-09-23T13:32:48-06:00May 20, 2020|Electronic Payments|

Check fraud problems and solutions

Who commits fraud? Fraud is a broad term for a lot of sub-categories; not only does fraud affect individuals, it also affects every industry. Customer fraud, cybercrime, asset misappropriation, and bribery and corruption have the highest frequency of overall fraud experience. The perpetrator could be an internal worker, external to the company, or cooperation between ...

2021-09-14T13:55:32-06:00April 22, 2020|Business Trends, CourtFunds|

What is the true cost of a check?

When your court uses paper checks to handle your Jury disbursements, it is easy to not realize the cost that goes into each and every check. With CourtFunds you can keep your per juror payment cost at $0.49 and add the convenience and ease of a debit card payment system. Now reconciliations will be instantaneous ...

2021-09-23T13:47:21-06:00June 15, 2017|CourtFunds, Electronic Payments|

How can using CourtFunds make your job easier?

Many courts are weighed down by the old-fashioned, time-consuming way of paying juries. CourtFunds’ pre-paid debit card is here to help you trim the time your court spends on distributing paper checks and eliminates the need for writing, mailing, and reconciling checks. This unneeded busy-work keeps you from doing what is really important, keeping your ...

2021-09-14T11:18:49-06:00June 5, 2017|CourtFunds, Electronic Payments|
Go to Top