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Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

While more businesses are not only shifting away from paper, but operating with an embrace of digitization, the AFP and JPMorgan warned that checks remain popular and are far from being gone for good in the corporate payments ecosystem.

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B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

For the 2016 AFP Electronic Payments Survey, released on Tuesday (Sept. The vast majority of companies (94 percent) said it is important that faster payments are also “smart,” with the ability to carry remittance data. Slightly more than half of respondents cite the cost savings of electronic payments as a benefit.