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Will COVID And Fraud Finally Kill The Paper Check?
PYMNTS has been writing for years about the ongoing push to #killthecheck, but paper checks live on because of their ubiquity of acceptance and simplicity to issue despite the fact that most people on...
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Deluxe CEO: We’re Building B2B Digital Payment Future, But Checks Remain Vital
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 part of the ongoing series on B2B...
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Down But Not Out: Paper Checks Are Still Catnip For Fraudsters
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 decade later, even with the great digital shift...
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H&R Block Taps Ingo Money and Urban FT to Fight Mobile Check Deposit Fraud
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...
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19 Payments Execs Say Payments Next Three Years Is Embedded and Real Time
Looking back on 2022 is a lesson in expecting the unexpected. COVID-19 concerns and supply chain shortages were unceremoniously pushed aside by sky-high inflation and a different kind of crisis: one...
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Paper Checks Still Prevalent for Consumers’ Health Insurance Claim Payouts
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...
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Real Estate Sector Falls Behind in Real-Time Payments Adoption
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...
View ArticleVirtual Cards Accelerate AP Automation, Leaving Checks Behind
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...
View ArticleB2B Extinction Event: Can Electronic Payments Automate Away Paper Checks?
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...
View ArticleVerification Firm Mitek Debuts MiControl as Check Fraud Triples Since 2018
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...
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