Although many industries aim to eliminate the friction associated with paper check payments, the digital transition can be a challenge. In the real estate business, for instance, recent PYMNTS data shows that landlords and property managers are still leaning hard on paper checks — not...
Interest in eCommerce channels and digital B2B payment solutions is rising, and digital-first commerce may soon outstrip in-person sales, along with the check and cash payments that come with them. Sixty-five percent of B2B companies now offer eCommerce sales capabilities that let customers pay online,...
While emerging technologies will play an important role in the supply chains of the future, having the ability to accept and reconcile check payments more swiftly is critical too. Checks still represent a thriving percentage of payments in the wholesale space, so it is difficult...
The 34,000 companies operating in the United States’ wholesale food distribution industry generate about $991 billion in collective yearly revenue. Even as digital technologies advance, however, paper checks still account for a large segment of wholesalers’ B2B payments. The paper check industry standard has led...
March 31, 2022
Wholesalers are racing to capture the attention and business of new clients with the industry set to expand — growth that could lead to new opportunities for distributors, especially as many look to move forward from the negative economic impacts of the global health crisis. However, distributors must move swiftly to ensure they can offer […]
March 16, 2022
When consumers receive a delivery from Amazon, they’ve prepaid online with a credit card. Commercial consignment works differently. When companies deliver a large quantity of commercial products — whether it...
March 08, 2022
It’s no surprise that consumers don’t always read the fine print. In the case of consumers using a bill-pay portal, that means that they may not read the instructions that...
February 22, 2022
The paper check remains stubbornly entrenched in daily life, eschewed by consumers but still a mainstay of business payments. However, a carrot-and-stick approach can optimize the transition to digital payments....
April 01, 2022
The global wholesale sector is expected to experience significant growth by the end of 2022, but late payments continue to be an issue that continually leads to cash flow problems. As supply chain needs have shifted, more companies have also turned to digital channels for sales, forever changing the landscape. Distributors have to ensure they […]
February 11, 2022
This year could be a good one for the property management industry, with 80% of industry professionals polled in a recent survey saying they anticipate revenue growth in 2022. All...
September 15, 2021
Property management technology startup Zego, powered by PayLease, is teaming up with payment processing firm CheckAlt to help property managers end the paper chase that comes with on-site payments, according...
July 07, 2021
CheckAlt, which works in providing loan payments and item processing solutions for credit unions (CUs) and banks, is partnering with LEVERAGE Payment Solutions to solve loan repayment problems, according to...
