article thumbnail

In Sluggish Payments, Who’s To Blame: FIs Or SMEs?

PYMNTS

Or, in the case of cards, retrieving cash from an ATM will show up instantaneously in bank records; in a B2B transaction, on the other hand, a transaction may not get settled for a few days. After all, if an SME is frustrated at the speed at which a paper check clears, then why not stop using checks? Don’t use a check.’”.