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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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linked2pay Bridges Banks To Real-Time Payments

PYMNTS

Their partnership will allow financial institutions to offer real-time and same-day ACH payments as a white-labeled solution, reports said. “It gives our mutual bank and channel partners an extraordinary real-time and ACH value package as they promote faster payments.” The company said Tuesday (Nov.

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linked2pay Adds Automated Merchant Approval, Onboarding

PYMNTS

In a press release , the company said that it removed a barrier for acquirers and ISOs by simplifying the option to add ACH and Remote Deposit Capture for new and existing card merchants. Linked2pay, the platform provider of Bank Centric Payments, announced on Wednesday (Sept.

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Why Checks Are Still Golden For High-Risk Sellers

PYMNTS

But there is one benefit of paper checks that cards and even ACH aren’t able to provide sellers: a mitigated risk of chargebacks. The company provides checking and debit services that bypass card and ACH rails in order to limit merchants’ exposure to chargeback risk.

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FPC 2023 Spring Member Meeting

Faster Payments Council

Speakers: Barry Tooker, TransactionBanker.com; Rodman Reef, Reef Karson Consulting; Peter Tapling, PTap Advisory; Mark Dixon, NEACH 2:30pm-3:10pmCT: Concurrent Breakout Session – New Ways to Kill the Paper Check Once and For All (Northland) This panel will discuss ways that businesses and FIs can take to digitize and AI process checks and corresponding (..)

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A Reality Check For B2B Payments

PYMNTS

Payment processing firm iStream first launched more than a decade ago to provide its Remote Deposit Capture technology for companies that need to collect payments in the field in the form of checks. We have a lot of clients that don’t want to get involved in the ACH space,” he said.

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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.