The year is 2023, almost 2024, and we are decidedly in the digital era. After all, things like artificial intelligence (AI), space travel, gene-editing, and more are all commercially available and thriving. Asked to imagine the predigital era, and one thinks of typewriters, ham radios,...
Business-to-business (B2B) payments play a crucial role in the modern economy, with experts projecting a staggering $111 trillion in transactions between businesses by 2027. However, the traditional methods of payment, such as paper checks and Automated Clearing House (ACH) payments, continue to impede the progress...
In today’s digital era, it seems almost quaint that an industry as essential as real estate relies so heavily on paper checks, given current rates of mailbox fraud and other uncertainties such as delivery reliability. However, the continued use of old-fashioned — some could say outdated — payment methods...
As costs climb, it may finally be time for health insurance companies to grow out of legacy paper check systems. In our ever-increasingly connected digital age, an industry-wide reliance on analog solutions seems almost quaint — until one realizes the expense involved in this dependence....
November 28, 2022
Everything’s digital now, and paper check fraud hails from a bygone age, right? Wrong. Data finds the exact opposite, as the glaring problem with remote check capture is that it leaves the actual paper instrument still out there to be altered or able to be cashed a second time. It’s a problem […]
July 23, 2021
If you’d have asked anyone 10 years ago about the state of the paper check in 2021, the answer might have come back in a single word: Moribund. But a...
October 29, 2020
Much innovation in B2B has been focused on getting rid of paper checks. But as Barry McCarthy, president and CEO of Deluxe, said in an interview with Karen Webster as...
July 31, 2020
On top of being a cumbersome payment vehicle, the paper check continues to pose a major risk to corporate coffers. Fraud is on the rise, from both within and outside...
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 the increasing use of digital payment options among banking customers, […]
August 02, 2017
American Express, the credit card company, and MineralTree, an accounts payable (AP) and payment automation solution provider, announced news on Tuesday (August 1) the launch of an integrated solution that...
July 10, 2017
Cash is garnering less interest among American consumers, who are excited about mobile payments. That’s according to a new survey from Viewpost, which polled 1,000 consumers in the U.S. According...
June 13, 2017
Emirates Islamic is reportedly planning on using a combination of QR codes and blockchain technology to enhance protection from fraud of paper checks. According to a report, Emirates Islamic plans to...
