Deep Dive: How The Pandemic Is Giving Treasurers An Instant Payments Jolt
PYMNTS
OCTOBER 16, 2020
Checks are cumbersome and costly for businesses and FIs, with a price tag of about $8 to $10 per processed check, and they can take up to 15 days to process. Treasurers have been cognizant of this digital shift as well as the difficulties that paper checks present for B2B transactions during the pandemic.
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