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Chase, AFP Applaud B2B’s Shrinking Check Use

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It’s a stark contrast from its historical high of 81 percent in 2004, analysts noted, and suggests checks are steadily declining within corporate payments. The AFP’s report was released the same week a range of new electronic B2B payment tools were announced, the latest in a deluge of digital payment solutions emerging in recent years.

AFP 51
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How Half Of Corporate Treasurers Are Getting Left Behind

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Between omnichannel procurement, multi-rail payment tools and cross-border trade, treasury management systems (TMS) seem like an obvious necessity for modern conglomerates. Nearly half of the companies surveyed by the Association for Financial Professionals (AFP) and Bloomberg aren’t using a treasury management system. .”

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Tracking The Trends That Shaped 2020’s The Digital-First Economy

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“The IRS is ready to deal with direct deposit if you have a regular bank account, and they are ready to deal with paper checks, [but] they are not used to dealing with [more] payment methods on a widespread scale,” said Linda Jun , senior policy counsel for the AFP. “I CFOs Guide To Digitizing B2B Payments.

Economy 103
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Taking The Good Of B2C Payments ? And Leaving The Bad ? For B2B eCommerce

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Electronic payment technologies may be more expensive to suppliers, but for more streamlined reconciliation, that extra cost is often worth the value. “Sellers want to push some new payment tools to their buyers because it’s going to be more efficient, quicker, more secure,” he said.

B2C 40