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B2B Check Use Rising Despite Approach Of Same Day ACH

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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

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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

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Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. The data makes that glaringly clear. There’s a lot of friction between suppliers and customers.”

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Don’t Write Off The Paper Check Just Yet

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Separate data from the Association for Financial Professionals (AFP) found use of the paper check increased in 2016. It’s also true that B2B payments players anticipate the paper check to eventually fall to second place, with corporates instead turning to ACH to pay suppliers. The expansion of ACH across the U.S.,

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Paper Checks’ Uncertain B2B Payments Future

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The research, also published by the AFP for its 2016 Electronic Payments Survey , found a 1 percent increase in the use of paper checks for B2B payments compared to levels seen in 2013. Some financial service providers have reacted to the seeming inability for corporates to let go of paper by giving into demands for check solutions.

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Viewing Payments As The Corporate Cash Flow Lever

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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

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More recently, the Association for Financial Professionals’ (AFP) 2017 Risk Survey found nearly half of businesses say their exposure to uncertainty is higher than it was three years ago, and 51 percent say forecasting risks will be more difficult three years from now than it is today. In the U.S.,

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