PYMNTS

JANUARY 23, 2018

In the path of FinTech innovation, many expect the inevitable demise of the paper check. But the data doesn’t lie: Paper checks are alive and well, despite efforts to kill it. The latest in PYMNTS’ Kill the Check series , a collaboration with Ingo Money, highlighted the persistence of paper checks.

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Remote Deposit Capture Checks Same Day ACH ACH 43

Nanonets

SEPTEMBER 28, 2023

ACH Payment ​There are a few different ways that you can pay your contractors, but one of the most popular methods is ACH. ACH is an automated clearing house that processes electronic payments and is typically used for payroll and other bill payments. There are a few disadvantages to using ACH payments, as well.

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Wire Transfer ACH Wire Wires 52

Nanonets

SEPTEMBER 28, 2023

ACH Payment ​There are a few different ways that you can pay your contractors, but one of the most popular methods is ACH. ACH is an automated clearing house that processes electronic payments and is typically used for payroll and other bill payments. There are a few disadvantages to using ACH payments, as well.

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Wire Transfer ACH Wire Wires 52

PYMNTS

JANUARY 3, 2020

It seems extra crazy for the education market, considering that the people taking out and paying off college loans today don’t rely much on checks and don’t see paper in their future – in fact, they don’t even see it in their present. Getting to Class On Time.

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Faster Payments Payment APIs and Integration Payments Push-to-Card 52

PYMNTS

MARCH 28, 2016

We could kill the check – and the checks rails that exist to support them. Just because checks have existed since at least 13th century Venice and 19 billion of them were used to pay people and businesses in the U.S. Checks, on the other hand, serve no useful purpose. Checks are issued at par. Yeah, right.

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Faster Payments Checks Payments Fed 48

PYMNTS

APRIL 15, 2016

The current situation depends on whether you make a payment via a particular type of instrument — using a check or cash. There is a very inconsistent way of handling money — cash, check, debit card, credit card or ATM — and it’s that inconsistency of how the money moves through the banking system that I think is the problem.”.

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Faster Payments Payments Checks Small Business 40

PYMNTS

JULY 24, 2017

Back at home, the Fed, though, did play a big role in propping up the paper check for much of the 20th century. NACHA has implemented ubiquitous Same Day ACH with credit push and will implement phase two with debit pull in the fall. The paper check clearing system is the biggest drag on faster payments in the U.S.

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Fed Faster Payments Ubiquitous Same Day ACH 47