Before modern technology, how did financial institutions protect against fraud and identity theft?

Question

Before modern technology, how did financial institutions protect against fraud and identity theft?

In: Economics

Answer 1

Personal relationships were important. My father always went grocery shopping on Saturday morning at one particular City Market (now Smiths). He would also seek out the same cashier since she knew that his “out of town” check would be good (we lived in one two but he banked in another where his job was). He drove past several other grocery stores to get to that one City Market.