Payments Source

APRIL 4, 2018

Implementing an electronic payments solution isn’t about replacing one payment method (checks) for an electronic one—as in abandoning checks for ACH, writes Ralph Perdomo a research analyst at Nvoicepay.

ACH 79

ACH Checks Payment Solutions Research 79

PYMNTS

OCTOBER 15, 2020

But the transition is one that must consider, and maybe even embrace, several emerging options and payment rails in a bid to move data and money more quickly across borders, and move, decisively, away from paper checks. Moving Beyond ACH . Real time and the ACH network can actually work together to displace paper checks.”

Real Time Payments 125

Real Time Payments NACHA SWIFT TCH 125

PYMNTS

JUNE 28, 2017

Accounts receivable professionals are preparing for paper checks to decline and automated clearing house (ACH) payments to rise, according to a new report by the National Automated Clearing House Association (NACHA) and the Credit Research Foundation (CRF). The same professionals also predict cards will hold at 12.5

NACHA 40

NACHA ACH Checks Push-to-Card 40

Finextra

JUNE 9, 2025

Same day Automated Clearing House (ACH) payments rose 19.1% With the Federal Reserve proposing to make its service available 22 hours a day, seven days a week, Nacha is also considering adding a fourth processing cycle for same-day ACH. The last I checked, it was the Waiting For Godot Moment In Finance :).

ISO 20022 52

ISO 20022 ISOs FedNow TCH 52

Stax

MARCH 18, 2025

Payment processing systems help merchants accept various types of payments, such as credit and debit cards, automated clearing house (ACH) , electronic funds transfers (EFTs), digital wallets, mobile payments, and even cryptocurrencies. It authorizes or declines payments based on available funds and fraud checks.

Process 88

Process Payment APIs and Integration Processors Online and Mobile Banking 88

PYMNTS

NOVEMBER 5, 2018

NACHA released new statistics late last week on growth of ACH transaction volume in the U.S. According to the firm, B2B transactions were a key driver of ACH transaction growth in the third quarter of the year, leading NACHA Chief Operating Officer Jane Larimer to describe the ACH Network as “thriving.”. In all, more than 3.3

Small Business 68

Small Business Same Day ACH Wire Transfer NACHA 68

PYMNTS

OCTOBER 28, 2016

PYMNTS recently caught up with Kate Hampton, vice president of ResidentPay at Entrata, about the payments-related hurdles property management companies are facing at a time when checks are falling out of favor with renters — particularly younger ones. Transitioning from traditional to alternative payments.

Checks 66

Checks Payment APIs and Integration Payments AI 66

PYMNTS

JULY 14, 2017

For example, last month a survey from Dun & Bradstreet and the Pepperdine Graziadio School of Business and Management released new research on companies’ cash flow management challenges. Researchers noted that slow AR negatively affects a company’s ability to grow, especially for the smallest of businesses.

ACH 46

ACH Same Day ACH B2B NACHA 46

Stax

MARCH 11, 2025

There are six main payment methods used in online payments, including credit & debit cards, digital wallets, ACH & bank transfers, direct debit, Buy Now, Pay Later (BNPL) services, and cryptocurrencies. The goal here is to check the authenticity of the card details, availability of required funds, and absence of fraud.

Online Payment Processing 88

Online Payment Processing Process Payment Gateways Online and Mobile Banking 88

Nanonets

MARCH 24, 2023

Introduction If you’re still paying your vendors with paper checks, you’re likely facing several issues for your business - like tons of manual effort, difficulty tracking payments, high fees on checks, and so on. Checks are a slow process with many steps on both ends. What are ACH payments?

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Wire Wires ACH Credit Cards 52

PYMNTS

SEPTEMBER 12, 2019

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October in the “ Bringing Corporate Payments Out of the Dark Ages ” webinar revealed 64 percent of B2B payments are made with checks, despite consumer payments’ acceleration toward electronic tools.

AFP 51

AFP Checks ISO 20022 Cross-Border 51

CB Insights

JANUARY 13, 2020

While many businesses still pay each other with paper checks, other electronic B2B payment methods are becoming more robust. Looking toward the future, corporate cards, ACH, and real-time payments will likely become the B2B payment methods of choice for merchants of all sizes. How will US merchants pay each other in the future?

Checks 47

Checks B2B Real Time Payments ACH 47

PYMNTS

MARCH 22, 2016

The majority of businesses are turning away from advice that is, by now, common sentiment within the industry: Paper checks are slow, expensive and prone to error. Its 2016 Payment Survey concluded that these companies still make 75 percent of their B2B payments with paper checks. But the research didn’t uncover all bad news.

Checks 40

Checks Commercial Card ACH Electronic Payment Processing 40

PYMNTS

JULY 21, 2017

The newest research from Receivable Savvy , a company working to educate suppliers on accounts receivable (AR) best practices, finds that getting paid faster is the number-one priority among suppliers today when it comes to how they issue invoices. “The supplier has to create that process in which they can accept ACH payments.

Checks 47

Checks ACH Payments Same Day ACH 47

PYMNTS

DECEMBER 10, 2020

Consumers and microbusinesses have access to many disbursement options, yet they receive a significant share through legacy methods such as paper checks or digital methods that are non-instant. These are only some of the findings from our research. At the same time, most payers are very likely to offer such payments in the future.

Same Day ACH 87

Same Day ACH Instant Payments Payer ACH 87

PYMNTS

NOVEMBER 16, 2020

Payments speed is a crucial consideration for today’s consumers and microbusinesses when receiving disbursements, with PYMNTS’ research finding that more than half of the former and roughly 70 percent of the latter say they received at least one nongovernment payment within the past 12 months.

Payer 102

Payer Instant Payments ACH Checks 102

PYMNTS

JUNE 25, 2020

“The biggest challenge with distributing P&C insurance claims boils down to the paper check,” Tom Reuter , director of digital payments at Deluxe, told PYMNTS. Last year, [analyst group] Aite Group found that over 50 percent of claim payments were issued [via] checks.”. An Appetite for Innovation. Satisfying Claims. billion profit.

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Checks B2B Digital Payments Innovation 100

PYMNTS

MARCH 29, 2018

Any FinTech operating in the procure-to-pay, vendor payments and accounts payable (AP) spaces can’t deny the fact that paper checks are a headache. But they also can’t deny that checks continue to make up about half of the supplier payments volume (in the U.S., Frankly, we think checks will be around for many years.

Checks 43

Checks B2B ACH Payments 43

Tearsheet

OCTOBER 2, 2024

Morgan have recently announced a partnership aimed at facilitating the transition from checks to digital payments for major banks in the United States. Despite the availability of digital alternatives, approximately one-third of B2B transactions continue to use cash and checks. Codat and J.P.

B2B 59

B2B Checks Payment APIs and Integration Push-to-Card 59

PYMNTS

JULY 7, 2020

A large portion of SMBs still rely on checks to make and receive payments, however, which can lead to financial frictions, such as long waits for funds to settle and invoicing-related issues — even after these entities have received their loan funding. Financial Frustrations And Checks’ Potential Decline.

Checks 55

Checks ACH SWIFT Direct Deposit 55

PYMNTS

SEPTEMBER 26, 2016

Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. The data makes that glaringly clear. “It’s key when it comes to the payment process.”

B2B 65

B2B Same Day ACH ACH Commercial Card 65

PYMNTS

JUNE 2, 2020

The unemployment check is in the mail … or perhaps it’s even not on its way yet. It seems the deluge of more than 40 million unemployment claims has swamped the government and exposed some inefficiencies of an antiquated system plagued in part by paper checks. Drilling down into the numbers, the U.S. Every bit of the money from U.S.

Checks 53

Checks Federal Reserve Governance Government 53

PYMNTS

DECEMBER 12, 2018

In the constant fight against paper, service providers have been tackling the paper check in B2B payments for several years, with minimal success. ACH has often been assumed to be the payment rail poised to take over paper checks as the dominant rail in B2B payments. “Folks do not want to sign up for ACH. .

Commercial Card 56

Commercial Card ACH B2B Checks 56

PYMNTS

MARCH 2, 2016

There goes one argument for why corporations should ditch the check. The paper check is often called out for its cost burden on businesses, with costs hitting as high as $9 per check, according to analysis from NACHA. For businesses, Checkbook charges just $1 for them to send a check.

Checks 41

Checks AFP Venmo B2B 41

PYMNTS

MARCH 13, 2020

Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. Recent research finds that 67 percent of millennial business owners operate independent companies rather than franchises. We actually only do digital disbursements,” Daher explained.

Innovation 64

Innovation ACH Checks Tax Refunds 64

EBizCharge

NOVEMBER 12, 2024

A merchant account is a business bank account that allows companies to accept payments, such as debit and credit card transactions, electronic funds transfers (EFTs), and Automated Clearing House (ACH) payments. Without a merchant account, your company won’t be able to accept credit, debit, and electronic/ACH payments from its customers.

Accounts 52

Accounts Online and Mobile Banking MSPS Debit Card 52

PYMNTS

DECEMBER 9, 2020

And, in the digital-first world that has been wrought amid the pandemic, the B2B use cases of moving money beyond the confines of the paper check have been exploding as data and payment need to be matched up seamlessly. billion transactions across 16 card-based networks, 65 domestic ACH schemes, 7 RTP schemes and five payment gateways.

Use Case 134

Use Case B2B Cross-Border Payments Cross-Border 134

PYMNTS

NOVEMBER 5, 2020

There’s a bit from “Seinfeld” way back in the 20th century that, paraphrased, goes like this: A check is like a note from your parents that states, “I don’t have any money, but if you contact these people … I’m sure they’ll stick for me. percent of their insurance and borrowing disbursements through same-day ACH and 12.1 And with 25.8

Faster Payments 98

Faster Payments Instant Payments Payments Same Day ACH 98

PYMNTS

JUNE 24, 2020

Legacy payment systems rely heavily on paper-based methods, such as physical checks, which make it difficult for insurers to keep up with growing transaction volumes. Paper checks also create wait times that may not be feasible for policyholders, especially as emphasis shifts toward giving them options in how they receive their funds.

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ACH Checks Payments Bank Routing Number 60

EBizCharge

MARCH 12, 2024

Automated Clearing House (ACH)/eChecks: ACH /eCheck payments help businesses avoid the hassle of processing and depositing paper checks, accelerating and improving customer payments to free up time and resources. Whereas ACH payments typically accrue lower transaction fees.

Credit Cards 52

Credit Cards ACH Payment Gateways PCI DSS 52

PYMNTS

DECEMBER 23, 2020

These pressures make it important for healthcare providers to collect payment from their insurance providers as quickly as possible, but sending claims documents in the mail and waiting to receive back paper checks can be slow-moving and cumbersome. A Digital Cur e For Healthcare’s AR, AP Ailments.

Automation 80

Automation B2B AI ACH 80

PYMNTS

SEPTEMBER 14, 2020

The core difference between B2B and B2C is that in B2B, the individual researching and buying has a job to do,” King said. Today, paper checks continue to be the dominant form of B2B payment. As a result of work-from-home requirements, accounts payable (AP) professionals cannot be in the office to print and mail paper checks.

B2B 107

B2B B2C Checks Commercial Card 107

PYMNTS

OCTOBER 5, 2016

Research has shown just how difficult it can be for suppliers to get on board with cards. A report published earlier this year by Receivable Savvy found that, while more than half of suppliers surveyed accept card payments, only 9 percent actually prefer this payment method over others, like ACH and paper check.

Accounts 73

Accounts Commercial Card Push-to-Card ACH 73

PYMNTS

JULY 25, 2018

While the continued strength of BEC scammers may not come as a surprise, the research finds that the scam no longer only reigns in targets with a request for wire transfer. While 54 percent of those scams involved wire transfers, more than a third targeted check payments. The checks were forged from one of our disbursement accounts.”

Scams 55

Scams Business Email Compromise AFP Wire Transfer 55

PYMNTS

SEPTEMBER 11, 2017

Even as B2B payments progresses toward digitization, paper checks stick around. Research from NACHA found accounts receivable professionals expect cards to account for 12.5 Meanwhile, commercial cards, while they can help digitize B2B payments, remain pretty low on the totem pole of accounts payable payment rails.

B2B 66

B2B Commercial Card Payments ACH 66

PYMNTS

SEPTEMBER 15, 2020

As if the coronavirus crisis wasn't enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S. Researchers found that 70 percent of demand deposit accounts are managed by FIs with access to the RTP network. Financial institutions (FIs) in the U.S.

RTP 105

RTP Blockchain Distributed Ledger Technology (DLT) Cross-Border 105

Stax

APRIL 8, 2025

For the latest figures, check with your card network or payment processor. Research different pricing models and choose a processor that offers what’s best for your business. Encourage customers to use lower-cost payment options like contactless payments, PIN-based debit, or ACH transfers. to 2.95% + $0.10 to 2.70% + $0.10

Credit Cards 88

Credit Cards Process Processors Push-to-Card 88