Remove Checks Remove Payee Remove Remittance Data
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Preserving Check Workflows Can Ease B2B Payments Digitization

PYMNTS

Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts payable (AP) department. “Checks will be around for a while. Preserving Check Workflows.

Checks 67
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How AR Can Usher The Legacy Lockbox Into The Digital Age

PYMNTS

It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. But the tool’s ability to accept data along with a payment (i.e., Just like the check is not going to disappear anytime soon, neither will the lockbox.”.

Lockbox 43
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Why Faster B2B Payments Is A Marathon, Not A Sprint

PYMNTS

TransCard CEO Greg Bloh knows that paper checks are a sticky challenge in B2B payments. There are well-documented instances of how much reliance organizations still have on checks, even though this has been something that has been trying to be addressed for 10 to 15 years,” he recently told PYMNTS.

B2B 45
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What Is Remittance Advice? Definition, Examples, and Tips to Enhance for Your Company

EBizCharge

Remittance advice refers to a document a customer sends to a business to indicate that an invoice has been paid. This notification can come in various forms, such as a letter, an email, or a slip attached to a check. Why is remittance advice important? Remittance advice is critical in financial management for any AR team.

Payer 52
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Ticking Off The Boxes On The Fed’s Checklist Of B2B Payments Priorities

PYMNTS

businesses, more often than not, pay their suppliers via paper check still draws quizzical reactions from professionals abroad. understand that paper checks are slow, expensive and risky, and yet they endure. The revelation that U.S. The corporate and financial services communities in the U.S.

B2B 40