A paper check is a form of payment that draws money directly from a checking account. The “payer” -- the writer of the check -- writes the name of the “payee” on the “pay to the order of” line and signs the check on the signature line.
Two FinTech players are teaming up to digitize and mobilize B2B payments. An announcement on Wednesday (Jan. 13) said electronic check and cloud FinServ player MyECheck...