On the consumer side of payments, checks have been all but declared dead. However, on the commercial side, it’s a vastly different story.
Despite the growing number of ePayable solutions, the commercial sector is still very much dominated by paper checks — which to many may seem to be an archaic way of doing business. But the migration from paper-based payments toward electronic is finally starting to take off due to innovations across the ePayables industry that is paving the way to modernize B2B payments in a way that saves time for the buyer and money for suppliers.