January 1, 2006 in Business

Money Q&A

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Money Q & A

Q: I’d like to do all my bill-paying online, but is this a good idea? I’m worried about online security and losing important documentation.

A: As long as you’re dealing with reputable companies, you’re much better off shifting all your monetary transactions online. It’s faster, more reliable, cheaper, and — contrary to what many snail-mail devotees think — more secure. Individuals are more likely to be targeted by Dumpster divers and mailbox raiders than by computer hackers, who tend to aim for larger institutions because there’s greater payoff.

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