DID YOU KNOW that according to the Federal Reserve, there were over 66 million bad checks written for over $83 billion dollars in 2013 alone? And most of us thought paper checks were near obsolete. Fact is, many small and medium sized businesses in a variety of sectors like tire retailing, wholesaling and automotive Services still accept checks as a standard form of payment from their customers more than 20% of the time, on average.
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