PYMNTS-MonitorEdge-May-2024

paper check

A paper check is a form of payment that draws money directly from a checking account. The “payer” -- the writer of the check -- writes the name of the “payee” on the “pay to the order of” line and signs the check on the signature line.

Source: smallbusiness.chron.com

How Digital Insurance Claim Payouts Can Help Business Owners Weather Tough Times
How Digital Insurance Claim Payouts Can Help Business Owners Weather Tough Times
February 11, 2021  |  B2B Payments

The insurance claims check doesn’t have to be in the mail anymore — and it can’t be for SMBs waiting for funds after a disaster,...

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Visa’s Kevin Phalen: Moving B2B Payments From Acceleration To Execution
Visa’s Kevin Phalen: Moving B2B Payments From Acceleration To Execution
June 01, 2020  |  VISA

The global pandemic has created public health and economic uncertainty on a scale not seen in a generation. It has also motivated the great digital...

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B2B Payments Explores An Alternative Path To ACH Adoption
B2B Payments Explores An Alternative Path To ACH Adoption
December 17, 2019  |  B2B Payments

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent...

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Blank Checks And PO Manipulation Cost Businesses Millions
Blank Checks And PO Manipulation Cost Businesses Millions
November 04, 2019  |  B2B Payments

This week, three new cases of accused internal fraud emerged, showcasing the variety of ways employees can steal company cash. Invoice and purchase order manipulation,...

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Chase, AFP Applaud B2B’s Shrinking Check Use
Chase, AFP Applaud B2B’s Shrinking Check Use
September 12, 2019  |  B2B Payments

The paper check continues to be a prominent — and, in many cases, dominant — payment method in B2B transactions. PYMNTS research released last October...

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When Micro Supply Chain Frictions Create Major Payment Bottlenecks
When Micro Supply Chain Frictions Create Major Payment Bottlenecks
August 29, 2019  |  B2B Payments

Down supply chains, paper checks indeed remain the dominant way companies pay suppliers, logistics service providers and business partners. While the payment method is far...

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Why Real-Time B2B Payments Adoption May Be A Molehill, Not A Mountain
Why Real-Time B2B Payments Adoption May Be A Molehill, Not A Mountain
August 28, 2019  |  B2B Payments

Paper checks are often pointed to as an example of how difficult it can be for corporates to change their payment behaviors. With newer digital,...

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A ‘Payment-Agnostic’ Approach To Accounts Payable
A ‘Payment-Agnostic’ Approach To Accounts Payable
August 08, 2019  |  B2B Payments

The competition is heating up between payment technologies in accounts payable, with ACH and virtual cards seeing significant pushes in the B2B payments space to...

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The Accounts Payable Conundrum: Same-Day ACH Vs Checks
The Accounts Payable Conundrum: Same-Day ACH Vs Checks
July 11, 2019  |  B2B Payments

Accounts payable can be a contradiction showcasing the frustratingly slow pace of B2B payments digitization. In PYMNTS’ Payables Friction Playbook, “Why Firms Are Ready For...

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