B2B COLLECTIONS

News & Notes from IACC

B2B COLLECTIONS

Blog Post: Why Checks Still Exist and the State of B2B Payments

Fifty-one percent of Business-to-business (B2B) payments in the US are still made by check.  With consumers switching to services such as Direct Deposit, ACH, PayPal and Venmo for all their Business-to-Consumer (B2B) and Peer-to-peer (P2P, also referred to as Customer-to-customer) transaction needs, an obvious question beckons: Why do then businesses continue to use checks, and what has led to a slow pace of disruption in B2B payments?

Link: https://medium.com/wharton-fintech/why-checks-still-exist-and-the-state-of-b2b-payments-b41f3cddea9c


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