Welcome to the Marple Newtown Amateur Radio Club

A Note About Security

Is it safer to pay by check or by credit card? Both are subject to fraud but credit card fraud is generally easier to remedy than direct losses from a bank account.


Having said that, it is unlikely that any responsible individual would publish his/her name, address, phone number, bank routing number and checking account number on the Internet. Yet, each time a check is written, that information is made public. This quote from The American Bankers Association "Deposit Account Fraud Survey" is an attention getter:


"In 2018, check fraud accounted for 47 percent or $1.3 billion of industry deposit account fraud losses, closely followed by debit card fraud losses—signature, PIN, and ATM combined—44 percent or $1.2 billion. The remaining 9 percent or $265 million of losses were attributable to electronic banking transactions, including billpay, P2P transfers, wire and ACH transactions."


It appears that check fraud has now surpassed credit card fraud. As stated above, It is unlikely that any responsible individual would publish his/her name, address, phone number, bank routing number, and checking account number anywhere on the Internet. Yet, each time a check is written, that information is publicized.


This article is worth reading and enlightens us as to the pros and cons of using checks and credit cards. It looks at the personal consequences of check vs. credit card fraud.