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based digitalpayments network that has gained traction among individual customers and, of course, a growing list of participating U.S. As that needle moves, and as the groundwork is laid for faster payments, Ruhe explained that it’s important to discuss just what faster payments means — in concept and execution.
Companies still rely on traditional paper checks to pay vendors, which means they grapple with various challenges, such as manual processes, difficulty tracking payments, and high check-related fees. The preference for online payments has surged, accelerated by the COVID-19 pandemic, prompting vendors to opt for digital transactions.
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