Credit card fraud... but not what you think.

[glass eye]

When I was still mailing checks and I had a "Late Payment " fee charged and when I called and complained that they held onto it until the deadline passed, her response was "Don't mail checks, pay online.
So seeing that this was by design I changed my ways and pay online, no problem.

 

[antelopedundee]

I sent a check across a metropolitan area. A 20 minute drive. It got there 5 days later.
No tellin these days w/ the postal service

Cept that they aren't going to make that drive with just your mail. Sometimes things just take longer, esp. with the USPS.

 

[antelopedundee]

A month or two ago I talked to a long time USPS employee about mail times, who said their location was 5 positions short, and overtime either wasn’t allowed, or was frowned upon. So mail piles up in the back room. They also mentioned it’s tough hiring qualified people right now.

I always get nervous with online payment via automatic monthly debit card or ach pmt in part because that info is stored online and theoretically vulnerable to cyber breaches. Of course these days people buy st into the blue Mail Drop boxes to steal mail.

You can always go to the CC website and make your payment manually each month from a linked checking account; it doesn't have to be auto pay.

 

[npaden]

Saw a few recent articles warning people not to send checks in the mail and thought of this thread.

Cases of check fraud escalate dramatically, with Americans warned not to mail checks if possible

NEW YORK (AP) — Check fraud is back in a big way, fueled by a rise in organized crime that is forcing small businesses and individuals to take additional safety

www.nbcrightnow.com

 

[SAJ-99]

Here is the possible solution, coming next month. I would wait and see how many banks build on it and how smooth it functions, but it would be great if it works.

FedNow Service

The FedNow Service will help enable financial institutions to deliver end-to-end faster payment services to their customers.

www.frbservices.org