PYMNTS
DECEMBER 12, 2017
That’s the status quo in corporate payments, and it’s not only creating friction for the business payer; it’s creating headaches for small business (SMB) accounting too. Paper checks for domestic suppliers, wire transfers for international ones. About 44 percent of payments received are in the form of a paper check too, the report noted.
PYMNTS
JUNE 15, 2018
” While the role of faster and real-time payments remains uncertain in the B2B landscape, most professionals surveyed by the Association for Financial Professionals (AFP) in its 2016 report agreed that faster payments will be a good thing for their firms. . “But you need to reconcile in real time.”
PYMNTS
MARCH 24, 2017
In what has become a highly cited statistic from the Association for Financial Professionals (AFP), there was actually 1 percent increase in the use of paper checks for B2B payments between 2013 and 2016. And the way the world of B2B payments works today is very often with paper checks. That can be for a variety of reasons, he explained.
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