Old-school manual B2B payments, particularly checks, are sitting ducks for fraudsters. Many organizations, particularly those in industries with long-established practices or fragmented environments, like construction, healthcare and beyond, continue to manage payments using outdated methods such as paper checks, manual invoicing and batch payments. And...
Earlier this week, FinCEN reported that mail theft-related check fraud amounted to more than $688 million in a recent six-month period. The bulk of the reports were filed by banks, to the tune of 88% of all reports by filing. As to the costs of...
Payments solution provider Checkbook has expanded its payment operations. The company announced this expansion in a Thursday (Aug. 22) news release, saying it marked a milestone in “streamlining check and payment operations for a variety of business use cases in the U.S.” According to the release, Checkbook has seen a...
The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses conduct financial transactions are not moving at the same pace. A recent PYMNTS Intelligence report, “Moving Faster Than Ever: Real-Time...
November 05, 2024
Given the chance, most consumers will choose digital payments over paper checks. Yet the check endures, expensive to make and mail and manage, and they often sit uncashed at the back of a drawer for weeks and even months. And yet, as Rusty Pickering, president and chief operating officer of Ingo Payments, recently observed, there’s […]
August 19, 2024
The transportation industry is a high-speed world of logistics and delivery, where efficiency and speed are paramount. Yet, the methods by which many transportation businesses conduct financial transactions are not...
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...
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...
August 22, 2024
Payments solution provider Checkbook has expanded its payment operations. The company announced this expansion in a Thursday (Aug. 22) news release, saying it marked a milestone in “streamlining check and payment operations for a variety of business use cases in the U.S.” According to the release, Checkbook has seen a surge in interest from industries like the rental, legal, government […]
July 05, 2024
Paying with paper checks at Target will soon be a thing of the past. The retailer said it will stop accepting personal checks at its stores later this month, according...
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...
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...
