We may be writing fewer checks than in years past, but we still rely on them for payment at some of our favorite retailers, to pay bills or person-to-person when cash isn't convenient or plastic isn't accepted. Business-to-business payments are very often made by check as they offer companies an affordable way to pay their suppliers and service providers and are easily reconciled with bookkeeping accounts and software. As comfortable as we are with checks, though, consumers and businesses both need to stay alert to fake checks and check scams that cost time and money to recover.
Tags: Check Fraud
The National Retail Federation (NRF) expects holiday spending for 2010 to rise 2.3 percent to $447.1 billion dollars. After a rough couple of years, an increase in dollars spent on gifts and entertainment this year is welcome news to retailers, restaurants and staff. In addition to planning your inventory, hiring extra help, and jazzing up your store displays, here are a few tips to keep in mind so your holiday sales don't turn into holiday blues.