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Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

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.

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B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

But a new report finds that, even as Same Day ACH is fast-approaching, businesses are actually increasing their use of paper checks. For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept. 20), researchers found a 1 percent increase in the use of paper checks for B2B payments compared to 2013 levels.