article thumbnail

B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept. The vast majority of companies (94 percent) said it is important that faster payments are also “smart,” with the ability to carry remittance data.

article thumbnail

Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

And while industry stakeholders continue to promote the ISO 20022 payments messaging standard — a standard that could address those remittance data challenges — researchers found a surprising increase in the percentage of professionals unfamiliar with ISO 20022 (42 percent lack familiarity, compared to 34 percent in 2016).

AFP 51