Check Fraud Totals 364 Million Euros In 2023
Fraudulent check transactions reached 364 million euros in 2023 according to the Payment Security Observatory. While checks now represent only 2% of total transactions, the financial impact remains. Many merchants are increasingly refusing checks as a form of payment. Businesses that still accept them often utilize private guarantee companies to reimburse losses from non-sufficient funds.
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Sources · 7 independent
France Bleu Paris
“Le chèque à beau représenter seulement 2% des transactions désormais, il existe toujours et le montant d'effraude par ce moyen de paiement représente encore des centaines de millions, 364 millions d'euros pour l'année 2023”
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