Remove ACH Remove NACHA Remove Remote Deposit Capture
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Don’t Write Off The Paper Check Just Yet

PYMNTS

Earlier this month, the company announced a buyback program to help financial institutions (FIs) trade in their broken Remote Deposit Capture (RDC) tools for an upgrade. 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.

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Why Community Banks Can’t Afford To ‘Wait and See’ About Faster Payment Innovations

PYMNTS

With the platform in place, ICBA members can easily access ACH solutions, remote deposit capture and card payment transactions. Having a solution like the linked2pay platform in place, she said, would have allowed the contractor to accept payment immediately using a card or Same Day ACH solutions.

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Suppliers Faced With New Friction As More Invoices Get Paid Electronically

PYMNTS

A recent survey from NACHA found that AR executives know this shift is in the works. The report, which was released in June, found accounts receivable professionals expect ACH payments to make up 45 percent of the payments they receive by 2020, while paper checks will decrease, accounting for 34 percent of payments received.