Checks news and trends

JPMorgan and Codat Team to Drive Virtual Card Adoption
Payment Methods // April 16, 2024

Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data product. Announced Tuesday (April 16), it lets businesses more easily share their spending and supplier data from enterprise resource planning (ERP) systems and...

Digital Payments Deliver Competition-Critical Data for SMBs in Connected Economy
Faster Payments // February 19, 2024

The future of digital payments is, in many ways, already here.  What is left is the need for businesses to adapt to this rapidly shifting consumer landscape by leveraging the increasing popularity of digital payments, particularly among younger consumers. “There’s a huge opportunity for small...

Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
Fraud Prevention // February 15, 2024

Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023. With that in mind, identity verification firm Mitek has introduced MiControl, a fraud management console that works with the company’s Check Fraud Defender.  “Despite...

Nearly 25% of B2B Real Estate Payments Are Made via Cash or Check
B2B Payments // January 15, 2024

Despite the entrenchment of automated clearing house transfers as the preferred payment method for real estate companies and the advancement of real-time payments observed in recent years, many of the B2B payments in this industry still occur via checks or cash. Nearly 21% of all...

Interviews & Exclusives
Digital Payments Deliver Competition-Critical Data for SMBs in Connected Economy

February 19, 2024
The future of digital payments is, in many ways, already here.  What is left is the need for businesses to adapt to this rapidly shifting consumer landscape by leveraging the increasing popularity of digital payments, particularly among younger consumers. “There’s a huge opportunity for small businesses and mid-size businesses, and even large businesses, to continue […]

Death by Paper Cut: The Hidden Costs of Checks

September 05, 2023
The way things have always been done could be harming firms in the long run. That’s because in an era where technological advancements are transforming industries at an unprecedented pace,...

Canadian Businesses Swap Checks for Commercial Cards

December 20, 2022
Checks remain a key B2B payment method in Canada, but commercial cards are changing that. A driving force behind this is the partnership of New York-based Boost Payment Solutions and...

Paper Checks’ ‘Long Tail’: What It Takes to Move B2B Into the Digital Age 

October 11, 2021
To paraphrase Mark Twain, the death of the check – the paper kind – has been greatly exaggerated. Stubborn things they are – certainly they’ve found wide berth in B2B...

Quick Reads
JPMorgan and Codat Team to Drive Virtual Card Adoption

April 16, 2024
Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data product. Announced Tuesday (April 16), it lets businesses more easily share their spending and supplier data from enterprise resource planning (ERP) systems and accounting software. From there, card issuers can access the right […]

Verification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018

February 15, 2024
Digital payments may be growing in popularity, but the use of paper checks persists. So too does check fraud, which reached record levels in 2023. With that in mind, identity...

Australia Wants to End Check Payments by Decade’s End

June 07, 2023
The age of the paper check is coming to an end in Australia. Amid a rapid shift to digital payments — the type of movement seen in a number of...

PYMNTS AM Radar: Digital Brazil; Security for the Win; Check Fraud; You’ve Been Scammed; ICYMI

June 02, 2022
Today is Thursday, June 2, and Britain is celebrating its longest-reigning monarch, Queen Elizabeth II, in her Platinum Jubilee year. For regular people, that means an extra day off as...