doesn t require user to carry around additional goods as long as they normally have their phone on them 
still an emerging type of payment so it is not always accepted only supported by certain types of mobile phones ties together multiple assets if you lose access to your phone via theft or dead battery you cannot make payments may require payer to use specific app at specific places i e apple stores may only accept apple pay checks have fallen out of favor over the years due to advancements in technology allowing payments to be electronically submitted however there are instances when checks might be helpful such as when the seller wants a guaranteed payment a bank cashier s check or a certified check are two types of checks that banks offer to help sellers receive the money owed from the buyer checks are linked to a payer s bank account each check contains your bank s routing number a nine digit code to identify financial institution as well as your account number when a check is written the payee deposits the check sending the transaction to a clearing unit the clearing unit makes the appropriate changes to each party s account charge low to no fees outside of the cost of the paper check and a stamp to potentially mail payment provide protection as checks must be signed by the recipient who must often also show id prior to cashinggenerate proof of payment via paper trailmay be costly depending on how checkbooks are ordered and securely distributed to the payerresults in longer processing time as funds aren t transferred until the recipient cashes the check