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Payments’ Role In The Fourth Industrial Revolution

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The increased use and adoption of P2P technologies, like Zelle and Venmo, demonstrates the consumer demand for this type of frictionless payment option. Settling funds faster, no matter the use case, benefits the entire ecosystem, and takes liquidity risk out of the equation. There’s a bit of heavy lifting involved, he acknowledged.

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Deluxe CEO: B2B Payments Will See Resurgence In Paper Checks

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He pointed to Deluxe’s own AR solution that can be embedded in enterprise resource planning (ERP) systems, where modules can be added to manage lockbox or other solutions. That software platform today, on an outsourced basis or with people using that software themselves, is processing about $2.8 You completely remove that paper.

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