paper checks

FedDetect Duplicate Notification Service Expanded to Include Commercial Checks
FedDetect Duplicate Notification Service Expanded to Include Commercial Checks
December 04, 2024  |  Fraud Prevention

Federal Reserve Financial Services (FRFS) now helps financial institutions combat check fraud by enabling them to see deposit information and images of potential duplicate items...

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Accounts Payable Takes the High Road to AI-Powered Growth Engine
Accounts Payable Takes the High Road to AI-Powered Growth Engine
December 02, 2024  |  Accounts Payable

Accounts payable (AP) may not always grab headlines, but its evolution is critical to business success. However, embracing the digital evolution of back-office cost centers...

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Cards Making Gains With Commercial Payments, but Greenfield Opportunity Still Is Massive
Cards Making Gains With Commercial Payments, but Greenfield Opportunity Still Is Massive
November 22, 2024  |  B2B Payments

The death of the paper check may be a ways off — certainly that’s the case with B2B transactions. In interviews with PYMNTS, executives have...

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FIS and Oracle Team to Digitize Utility Bill Payments
FIS and Oracle Team to Digitize Utility Bill Payments
November 12, 2024  |  Digital Payments

FIS is teaming with Oracle to remove paper checks from the utility billing process. The FinTech company announced Tuesday (Nov. 12) that its BillerIQ solution,...

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Paper Check Fraud’s Weakest Link Is … the Paper Check
Paper Check Fraud’s Weakest Link Is … the Paper Check
November 05, 2024  |  Fraud Prevention

Given the chance, most consumers will choose digital payments over paper checks. Yet the check endures, expensive to make and mail and manage, and they...

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Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
Manual Payments, Maximum Risk: How AP/AR Automation Beefs Up Security
October 01, 2024  |  B2B Payments

Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. Many organizations, particularly those in industries with long-established practices or fragmented environments, like construction,...

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FinCEN Says Check Fraud Approached $700 Million Over 6 Months
FinCEN Says Check Fraud Approached $700 Million Over 6 Months
September 11, 2024  |  Security & Fraud

Earlier this week, FinCEN reported that mail theft-related check fraud amounted to more than $688 million in a recent six-month period. The bulk of the...

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Checkbook Expands Payment Operations Amid Shift From Paper Checks
Checkbook Expands Payment Operations Amid Shift From Paper Checks
August 22, 2024  |  B2B Payments

Payments solution provider Checkbook has expanded its payment operations. The company announced this expansion in a Thursday (Aug. 22) news release, saying it marked a milestone in “streamlining check and...

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Data Shows 93% of Truckers Would Use Instant Payments if Offered
Data Shows 93% of Truckers Would Use Instant Payments if Offered
August 19, 2024  |  Real-Time Payments

The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses...

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