- Printing and mailing paper statements cost between $1.00 to $2.00 per month, per customer.
- Customers who receive paper statements detect fraud 114 days after it occurred, compared to the average 18 days for online users to notice a problem.
- The average difference in fraud losses reported is significant - $4,543 for paper users, compared to $551 for online users.
- 68% of identity theft, originated from thieves who accessed paper documents from a mailbox or the trash.
- In the banking industry, less than one-third (31%) of consumers have actually replaced their paper bank statements with the electronic version, although more than half (56%) have looked at statements online.