Remove Business Continuity Remove Check Clearing Remove Federal Reserve
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How The FedNow Service Could Keep Checks In B2B Payments

PYMNTS

But reports also noted that the acceleration of check payments could have significant impact for companies and small businesses that use paper checks to pay vendors or employees. “The Keeping Checks In B2B Payments.

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Don’t Write Off The Paper Check Just Yet

PYMNTS

“Specifically, in certain categories like B2B check payments, the decline is slowing at a much more gradual pace than [in] the past,” he said, citing recent data from the Federal Reserve, whose payments study , released in December 2016, found a slowdown in the reduction of check use in the U.S.