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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. 20), researchers found a 1 percent increase in the use of paper checks for B2B payments compared to 2013 levels. For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept.

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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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Digital Payments Easing Pains For Hurting Medical And Dental Practices

PYMNTS

There is a fundamental need to link complex remittance data — explanation of payment — with the payments being made.”. That’s the point in the journey where digital payments — even digital checks — are able to free up cash flow for the medical and dental practices suffering COVID’s economic side effects.

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What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

The drive to digitize B2B transactions with technologies like virtual cards and ACH can certainly connect businesses to more transactional information, however rarely is that data moved seamlessly and with enough context. There’s nothing more valuable than remittance data. This is what businesses are asking for.

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How Email, Checks Sabotage Faster Supplier Payments

PYMNTS

Receivable Savvy’s report found 87 percent of suppliers receive payment via paper check, with ACH coming in second (72 percent) and card in third (61 percent). That’s despite 59 percent of suppliers saying their top preference is ACH, and about a quarter saying they prefer to be paid via check.

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Billtrust CEO On Delivering The Perfect B2B Payment

PYMNTS

Second, AR professionals working from home could no longer run credit cards from their desks or accept paper checks in the mail. And third, a further slowdown of the postal system added even greater friction to the paper check, leading to longer days sales outstanding (DSO). And that's just not true.".

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Mastercard Embraces Existing Rails To Drive B2B Payments Value

PYMNTS

Anderson described Mastercard's approach to driving change in the B2B payments arena as checks falling by the wayside, and how innovating upon existing rails can ease the digital transition for corporates looking to optimize their payment workflows. Slowly but surely, corporates are migrating away from checks. In the U.K.,

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