PYMNTS

MARCH 28, 2016

We could kill the check – and the checks rails that exist to support them. Just because checks have existed since at least 13th century Venice and 19 billion of them were used to pay people and businesses in the U.S. Checks, on the other hand, serve no useful purpose. Checks are issued at par. Yeah, right.

Faster Payments 48

Faster Payments Checks Payments Fed 48

PYMNTS

APRIL 15, 2016

The current situation depends on whether you make a payment via a particular type of instrument — using a check or cash. There is a very inconsistent way of handling money — cash, check, debit card, credit card or ATM — and it’s that inconsistency of how the money moves through the banking system that I think is the problem.”.

Faster Payments 40

Faster Payments Payments Checks Small Business 40

Nanonets

SEPTEMBER 28, 2023

Once you have set up ACH payments, you won't have to worry about writing checks or making sure that you have the correct amount of cash on hand. These fees can vary depending on your bank or payment processor, so it's important to check with them before you set up ACH payments. ​ 3.

Wire Transfer 52

Wire Transfer ACH Wires Wire 52

Nanonets

SEPTEMBER 28, 2023

Once you have set up ACH payments, you won't have to worry about writing checks or making sure that you have the correct amount of cash on hand. These fees can vary depending on your bank or payment processor, so it's important to check with them before you set up ACH payments. ​ 3.

Wire Transfer 52

Wire Transfer ACH Wires Wire 52

FloQast

NOVEMBER 27, 2023

There’s no room for “close enough”; it’s about rigorous internal checks, clear documentation, and full disclosure. Public companies, under Section 404, need to keep their financial reporting game strong. And for those businesses looking to step into an IPO, the expectations are even higher.

Compliance 52

Compliance Risk Assessment Audit Risk Management 52

PYMNTS

JULY 24, 2017

Back at home, the Fed, though, did play a big role in propping up the paper check for much of the 20th century. The paper check clearing system is the biggest drag on faster payments in the U.S. But that innovation was a really long time ago — 750 B.C. So there’s that. That alone would give us much faster payments, on average.

Fed 47

Fed Faster Payments Ubiquitous Same Day ACH 47

PYMNTS

MARCH 14, 2016

In fact, it’s not surprising at all that Revolution Money pretty much fizzled not long after the check cleared to the PR firm that wrote that September 2007 press release. As this dream of “transformation” went, so does pretty much every other platform play in payments. And in most other industries. It’s normal.

Bitcoin 43

Bitcoin Blockchain Innovation Push-to-Card 43