PYMNTS

OCTOBER 23, 2017

There are well-documented instances of how much reliance organizations still have on checks, even though this has been something that has been trying to be addressed for 10 to 15 years,” he recently told PYMNTS. Whether it’s an employee or a supplier, payees each have different needs that corporates must keep in mind, Bloh said.

B2B 45

B2B Payee ACH Payer 45

PYMNTS

OCTOBER 31, 2019

And while the lockbox continues to play an important role in AR and reconciliation, it no longer addresses the entire challenge as more electronic payments come in without remittance data. Increasingly, companies are receiving payments not only via paper check, but in a variety of electronic methods. The Path to Integration.

Lockbox 43

Lockbox Remittance Data Checks RTP 43

PYMNTS

AUGUST 7, 2018

The intent of the organization is to help payers better identify [the] payee information they need in order to make electronic payments,” he said in an interview, adding that the directory aims to be “payment agnostic” and support payments made via a variety of rails, including FedWire, ACH, SWIFT, lockbox and, yes, paper check. “The

B2B 40

B2B Federal Reserve Payee Payer 40

PYMNTS

MAY 7, 2020

But addressing payee needs is just as critical to easing the digital migration. Remittance data is one of the strongest factors driving suppliers’ continued preference for checks, Reed explained, so any technology that aims to digitize payment cannot afford to ignore its importance.

Checks 67

Checks B2B Payment APIs and Integration Remote Deposit Capture 67