However, your feedback is important to us. The colon is part of the large intestine, the final part of the digestive system. Its function is to reabsorb fluids and process waste products from the body and prepare for its elimination. The colon consists of four parts: descending colon, ascending colon, transverse colon, and sigmoid colon.
Electronic Banking, Check Fraud, and Positive Pay. Check fraud statistics. According to the FBI, fraud costs consumers, banks and businesses $18 to $20. billion per year. In a 2003 survey of member banks, the ABA found that losses from check. fraud cases totaled $677,000,000. American Bankers Association (ABA) states that an average of 1.2 million. fraudulent checks enter the system each day and losses are growing 2.5%. annually â in spite of declining check volume.
Risk. The biggest risk you face when cashing a stale check is that the bank refuses it and charges you a returned check fee. Banks usually charge a fee to the payee when they cannot cash a check. This fee is usually $15 to $20 in 2011. If you have a check for a small amount, such as a dividend from a stock, you risk the bank hitting you with fees that exceed value of the check.