Checks and Technology

As times have changed so too have check writing companies. Companies are adapting their processes and checks to keep up with times. Companies like Quicken™ checks and Quickbooks™ checks constantly update their check technology. Even though society is becoming more and more paperless, check producing companies still find a high demand for paper checks exist.

Technology now allows consumers to verify checks over phone at point of sale. Most checks are now verified at this point. Check electronification is also becoming more popular. This process allows payees to scan a check at point of sale, thus reducing fraud and allowing banks to process payment faster.

Reasons to Use Checks

Checks have many advantages over other forms of payment. Quicken™ checks and Quickbooks™ checks allow easy payroll processing and payment for business debts. The Federal Reserve Bank found in Chicago recently conducted a study that showed that 90 percent of Americans use checking accounts. This is partly because checks are still most widely accepted form of payment. They are also low in cost and allow consumers control over timing of every payment made.

Consumers often find check writing convenient. Consumers can use checks to pay over phone, online and in person. Checks can be cashed at many locations for easy access to funds without hassle of remembering PIN numbers or other privacy information. Checks also provide a brilliant way to express your personality and have a little fun when paying off debts.

Quicken™ and Quickbooks™ are especially useful for home business or small business owners who want a printed check that looks professional. These checks correlate with matching accounting software to help you manage your finances.

Checks also provide consumers with added security. Most checks today are built with certain security features making them difficult to copy. Keeping track of your checks and check registry will alert you to any problems with your checks long before they arise. The good news is you can usually stop payment on any checks that might mysteriously wander away. Now gather your closest friends together for a game of check trivia!

Review how your interest is calculated (this information is usually on back of your statement) and make sure that right rate has been used for each category. On purchases, most cards take your average daily balance over billing cycle and divide it by one-twelfth of your annual percentage rate (APR).

Lastly, but maybe most importantly, make sure you send your payment in well before due date. In order to have your payment credited on time to avoid a late fee, it must be posted by due date shown on statement. Therefore, if paying by mail, it is advisable to mail your payment at least a week in advance. For those whose cash flow doesn’t allow an early remittance, paying by phone or on-line might be a good alternative.