
White Paper
What’s Holding Your Business Back from Modernizing Your Payment System?
Introduction
A fear of losing control of payments, skepticism about security, worries about integration challenges, and the belief that suppliers won’t accept electronic payments – these are just a few of the reasons why many businesses have been hesitant to replace costly and antiquated paper checks with more efficient electronic payments.
Overview
In this period of ‘Digital Darwinism’, disruptive technologies have required companies to evolve to remain competitive. Recent technical progress has improved the speed, efficiency and means by which corporations conduct business, often forcing a decision to adapt or risk getting left behind.
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According to the U.S. Department of Treasury, you are 125 times more likely to encounter an issue with a paper check than you are with an electronic payment.