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B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. But a new report finds that, even as Same Day ACH is fast-approaching, businesses are actually increasing their use of paper checks.

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Today In Data: Opioid Addiction, Same Day ACH And Women Shoppers

PYMNTS

2 million | Number of Same Day ACH transactions made in the first 11 days of Same Day ACH’s availability, according to NACHA’s statistics. Those statistics also stated more than 178,000 Same Day ACH transactions were made per day, accounting for a total of approximately $1.5

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Corcentric Joins The B2B Payments Game

PYMNTS

In the context of the rollout of Same Day ACH, as well as new research that found companies have actually increased their use of the paper check in the last three years, the payment rail choice isn’t always easy. The data makes that glaringly clear. There’s a lot of friction between suppliers and customers.”

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Paper Checks’ Uncertain B2B Payments Future

PYMNTS

He cited data from the Association of Financial Professionals in its 2016 Payments Fraud Survey , which found that checks were the most common payment rail for payments fraud, with 71 percent of companies surveyed having experienced either actual or attempted check fraud.

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Don’t Write Off The Paper Check Just Yet

PYMNTS

“Specifically, in certain categories like B2B check payments, the decline is slowing at a much more gradual pace than [in] the past,” he said, citing recent data from the Federal Reserve, whose payments study , released in December 2016, found a slowdown in the reduction of check use in the U.S. The expansion of ACH across the U.S.,

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Viewing Payments As The Corporate Cash Flow Lever

PYMNTS

Same Day ACH is on the cusp of entering the market, blockchain startups are making their visions a reality with bank partners and the financial services industry as a whole, it seems, is ready to make payments faster and more digital. But in B2B payments, are corporates ready to participate in this new ecosystem?

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Payments Acceleration Shifts The Risks For Buyers And Suppliers

PYMNTS

Research from Atradius released in 2016 found that risks down the supply chain are 75 percent higher than they were pre-financial crisis. NACHA told PYMNTS’ Karen Webster that a survey found 0 percent of financial institutions reported an increase in fraud due to Same Day ACH. In the U.S.,

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