Archive for November 2012

Where To Order Canadian Cheques

In these times when we are all trying to watch our spending and stay within our budget, everything we can do to save money is important.

Did you know you don’t have to order cheques from your bank? You can deal directly with a cheque printing service. offers lower prices, quick turnaround of your order, free shipping and faster delivery.  How long do you have to wait for the cheques you order from your bank?

There is no obligation at all to buy your cheques from the bank.  In fact, banks only provide cheques as a service to their customers.  They don’t even care if you buy your cheques from them or not.

In addition, banks add a service charge when you order cheques and if you want specialty cheques, there can be long printing delays.  It is very frustrating to wait for your cheque order from the bank when your cheque supply is running low, sometimes it can take weeks., is a company in Canada that can provide the same quality at a better price whether you are looking for personal, business or computer cheques.

When you are ordering business cheques in Canada, the biggest advantage of dealing directly with is that you are in control of the process. You can speak with them directly and get exactly what you need for your personal, computer or business chequesIt is important that your business logo is perfectly printed, isn’t it?

You don’t have that kind of control when you order cheques from your bank.

In addition to computer cheques, will provide cheques that are compatible with small business accounting software for business cheque printing. also provides computer deposit slips and templates for printing computer cheques as well as a large selection of blank cheque paper.

There is no need to be concerned about compatibility of the cheques because only offers cheques that meet Canadian cheque guidelines and are 100% compliant particularly in the MICR line (that’s the line of numbers printed at the bottom of a cheque).

If you are interested in ordering cheques from an independent cheque printer, visit  They are a Canadian company specializing in cost effective, friendly service looking after computer, business and personal cheque needs as an alternative to financial institutions.



Credit: cumminsallison.com1

AUGUST 14, 2012, MT. PROSPECT, IL— Although electronic banking has become increasingly popular in recent years, checks remain a common and highly used method of payment in the United States. A 2010 Federal Reserve Payments Study estimates that there are still 24.4 billion checks written in the United States annually. In fact, checks written from person to person increased by 3 percent per year between 2006 and 2009.2
Cummins Allison, the leading innovator and provider of coin, check and currency handling solutions, understands the importance of maintaining traditional payment methods and the role they play in today’s banking industry.
Benefits of Using Checks
While the use of credit cards and electronic payments has grown in popularity, many consumers and businesses are not ready to abandon the use of checks. And in some cases, paper checks offer certain benefits that electronic payments cannot, such as:

1. Security in Transaction
Some consumers remain hesitant to adopt electronic payment methods due to security concerns and uncertainty around who will have access to their personal banking information. For many, especially older generations, a tangible check offers a sense of security in the financial exchange between two parties. Checks also offer a paper trail that can easily be followed, and if a check is lost or an incorrect payment is made, banks can prevent the check from being cashed.

2. Careful Spending Habits
Checks promote careful and conscious spending habits by encouraging consumers to balance their checkbook. According to SuperValue Checks, credit cards can motivate consumers to spend as much as 30 percent more on purchases than if they paid with cash or check. Actively writing a check and balancing a checkbook helps consumers recognize the amount they are spending, whereas charging items on a credit card can lead to impulsive spending.

3. Business and Personal Transactions
Checks remain a widely used and accepted form of payment, particularly in the business world. According to the Federal Reserve, from 2006 to 2009, business-written checks increased from 41.9 percent to 46.9 percent. Checks written by businesses accounted for 82.8 percent of the total check value. Paper checks are also frequently given as gifts since they can be used anywhere and at anytime, compared to cash that can easily get lost and gift cards that limit where they can be used.3

4. Cost-Effective Payment Method
Electronic payment forms may be growing in popularity, but traditional payment methods remain highly cost-effective. Both cash and checks still play a critical role in the national payment system. This is demonstrated by the fact that nearly $1 trillion in U.S. currency circulated last year. Economists Jeremy Gerst and Daniel Wilson articulate unique benefits of cash, such as its appeal as a back-up store of value, which makes it likely for currency to continue to play an important role in the U.S. payment system.4 Cash and checks go hand-in-hand, as checks are a way to carry around large amounts of cash without the risk of actually handling the currency, while purchasers find carrying currency more preferable to writing out checks.

Embracing Paper Check Technology
Despite the recent decline in their use, paper checks remain an integral part of today’s commerce. In fact, the 2010 Federal Reserve Payments Study also revealed that there were 27.8 billion checks written in the United States in 2009 that had a total value of $32.4 trillion and an average of $1,165 per check.5 Consumers and businesses still using paper checks benefit from the security and flexibility provided by this traditional payment method. And at the same, these businesses can take advantage of today’s check processing technology that can process deposits quickly and accurately, providing even greater speed and service for consumers and businesses using checks, and the retailers, business and financial institutions they work with.

  1. Cummins Allison is a global leader in developing technologies which count, sort and authenticate currency. The U.S.-based company has a 125 year heritage of leadership in technology and product innovation and currently serves the majority of financial institutions worldwide, as well as leading organizations in retail, casinos, law enforcement and government. The company holds more than 350 U.S. patents and has ongoing research and development (R&D) investments double the industry average. Cummins Allison is headquartered near Chicago, IL with R&D centers near San Diego, CA and Philadelphia, PA and wholly owned subsidiaries in Canada, the United Kingdom, Ireland, Germany and France. The company also has an extensive sales and service network with more than 50 offices in North America and is represented in over 70 countries.
  2. Money Crashers,
  3. Don’t Quit Your Day Job (,
  4. FRBSF Economic Letter
  5. Federal Reserve System,

10 Reasons Checks Are Here To Stay

Posted by Kris Coughtry on Thu, Nov 08, 2012 @ 04:00 PM

check writingChecks are the Rocky of the payments world. Even when faced with numerous payment competitors, checks keep hanging in there, again and again. They get little respect but almost every adult has a checking account. Their demise has been predicted for years, yet checks continue to be a popular, versatile and affordable way to pay for merchants, consumers and businesses.

Here are 10 reasons that checks are not going away anytime soon:

1. Consumers like payment choice. Payment options at the point of sale used to consist of cash, check or charge. Today? Think about credit card, debit card, check, money order, travelers check, prepaid card, PayPal, Google Wallet or mobile. According to a Federal Reserve report on Consumer Payment Choices the average card user has 1.3 debit cards, 3.7 credit cards and 2.3 prepaid cards. Even with all of these options available, check use is second only to debit as the most commonly used non-cash payment transaction.

2. Consumers want payment flexibility. Take a look at the resurgence of layaway programs this holiday season. We want to buy now but pay a little later and we don’t want to apply for credit. Credit cards come with long-term debt and interest. Enter check guarantee programs such as Hold Check or Multiple Check. These check payment services allow consumers to stretch out payment over a period of time, with no interest or late fees.

3. Checks are affordable to accept and process. Class action lawsuits against the credit card companies over fees charged to merchants have dominated the headlines recently. Check acceptance at the point-of-sale does not incur interchange fees. Fees are charged for guarantee and verification services, but those fees are half of typical merchant credit card processing fees.

4. Consumers don’t carry large amounts of cash. What’s in your wallet? It’s probably not much cash. Consumers carry, on average, less than $100. Checks are a safer alternative than carrying large amounts of cash and are widely accepted for purchases and payments.

5. Spending habits differ among generations. Check use is higher among the baby boomer generation than among twenty year olds. Most businesses need to cater to customers in a variety of age groups. Keep in mind that as consumers age, their needs change. The college freshman using his phone to buy sushi today may be purchasing a gourmet range with Multiple Check in the future.

6. Businesses usually pay other businesses by check. Almost all B2B payments are check based. As a business owner you probably pay your vendors by check. You probably have businesses as customers, too. Coffee shops, lumber yards, car dealers, and a multitude of business types serve business customers. Businesses like the control and financial management that paying by check gives them.

7. Checks provide merchants with payment protections that credit cards and debits do not. Checks have immediate finality of payment and merchants are protected by both the Uniform Commercial Code and banking law. ACH transactions are governed by Regulation E., a consumer protection statute giving consumers sixty days to dispute an item. Customers have months to dispute credit card transactions, too.

8. Checks provide a record of payment. Many of us remember getting a stack of cancelled checks in our bank statement each month. After a quick look they’d be stuffed in a shoebox and occasionally it would be necessary to take one out, photocopy it and use it to prove payment. Now images are stored by the bank and made available online. You can easily see where, when, how much and to whom the check payment was made out to. Even better, no more shoe boxes or cancelled checks floating around.

Federal Reserve check9. Sometimes it’s more convenient to write a check. Ok, we’re not talking about the grocery store line, but there are times when writing a check is a whole lot better than using a debit card or cash. Paying the plumber, the babysitter, the landlord or writing a check for a donation are great examples of times that a check works best. Checks provide a receipt and are widely used for P2P (person-to-person) transactions.

10. We still write a ton of them. According to theFederal Reserve over 90 percent of US adult consumers have a checking account. Only about 70 percent have credit cards according to the same study. Over 20 billion checks are written each year for over 30 trillion dollars. Yes, trillions! Checks remain a pervasive way to pay for consumers and businesses. Billions of check transactions are not going to disappear very soon.

Check services, check use and check transaction processing have undergone huge transformations in the past 20 years. Checks are efficient, comfortable, affordable and safe and no other single payment method has been able to replace them. For more information on checks and check services, contact us for a free guide.

Fake Brock Cheques Used In Bank Scam


Dan Dakin

By Dan Dakin, St. Catharines Standard

It’s his first week on the job, but Brock University’s new head of finance has already had to deal with a money emergency involving corporate identity theft.

Brian Hutchings, the school’s vice-president for finance and administration, was alerted Wednesday that the school’s name was being used for a fraudulent cheque-cashing scheme.

Police say someone made fake cheques using the Brock logo and the number of its public bank account used by students to pay their tuition.

The person running the scam set up an ad on an online classified website looking for secret shoppers for a fake Brock-led customer service study of a major retail outlet and a money transfer service.

The victims were sent a counterfeit Brock cheque and then were asked to wire money to the alleged scam artist. In every case, however, the cheque bounced and the victims are left owing the bank the amount they sent.

“There are numerous scams like this out there,” said Niagara Regional Police Det. Sgt. Paul Spiridi. “Most involve the cashing of cheques for one reason or another and forwarding cash by money transfer to another party. Money transfer services are meant to transfer cash between people who know each other. They aren’t to be used as a means of commerce.”

Hutchings said Brock didn’t lose any money in the scam, but called police Wednesday as soon as they were alerted by the bank.

“The cheques were so poorly done the banks flagged it right away,” Hutchings said. “We feel bad for the (victims) because they lost money through this scam. That’s why we went public, to make sure no one else gets scammed.”

Hutchings said the school was already in the process of getting set up with payee match, a system where banks electronically match up any Brock cheques to one they know is legit before ever depositing the money.

“If they don’t match, the bank pulls it and says someone is trying to forge a cheque,” he said.

But that’s little consolation to the nearly 30 people police believe may have fallen victim to the scam. Fake cheques worth between $1,950 and $2,950 were found as far away as Calgary and Newfoundland.

Police say the fake cheques can be identified because they have the address of a bank in Toronto rather than one in St. Catharines.

Anyone who received or cashed one of the fake cheques is asked to call the NRP at 905-688-4111 and refer to incident number 12-99589.

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