Singapore Firms Embrace Digital Tax Payments
With a goal of being check-free by 2025, Singapore said business taxpayers are using 20 percent fewer paper checks and embracing digital payments, according to reports on Monday (Feb. 17). The move...
View ArticleHow Bookkeeping Capitalizes On Young, Digital-First SMBs
An entrepreneur who opens a coffee shop or launches a FinTech startup isn’t in business to crunch numbers and file taxes. Yet, the burden of financial management, from tedious data entry to compliance...
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A B2C Merchant’s Guide To The B2B Ecosystem
The business-to-business (B2B) market can offer countless opportunities for traditionally business-to-consumer (B2C) merchants to expand their businesses and boost their bottom lines. It is no wonder...
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Why Millennial SMB Owners Need Faster Tax Disbursements
The joys of tax season: complex paperwork, long wait times and check disbursements. Many United States consumers are still reliant on paper checks when it comes to receiving their tax refunds, which...
View ArticleKicking The Paper Check From Its Public Payment Perch
While paper checks are increasingly passing into the realm of consumers’ memory, there are certain niches where they have managed to hold on, even as the rest of the world tries rather adamantly to...
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How Pilot Is Innovating Corporate Taxes For Millennial-Run Businesses
Tax season frustrations can blossom into real financial problems, especially when refunds are paper checks sent through postal mail. Younger consumers are often unenthused about the lengthy wait times...
View ArticlePaper Checks, COVID-19 And The Flaw With Analog Relief Payments
This week after what has felt like a steady drumbeat of bad news, American workers who’ve seen their employment either greatly truncated or completely evaporate in the face of the global COVID-19...
View ArticleWhat ‘Work From Home’ Means For Paper-Based AR Departments
There are many benefits to corporates’ digitization initiatives and cloud migrations – yet as today’s global markets are quickly realizing, there is one critical advantage: the ability to quickly...
View ArticleDigital Payouts And The $2 Trillion Fix To Keep The Economy Healthy
By all reasonable measures, the first three months of 2020 have been a wild ride. The novel coronavirus has exploded into a global pandemic that has caused tens of thousands of deaths, grounded supply...
View ArticleBanks Tap Resilience To Weather The COVID-19 Storm
When things go wrong, one can generally count on people to notice – particularly if a lot of things go wrong at once due to a black swan event like the one we are living through now. By their nature,...
View ArticleIRS $1,200 Stimulus: Why Your Check Is Not In The Mail
If your $1,200 federal COVID-19 stimulus payment has been deposited into your bank account by the Internal Revenue Service (IRS), consider yourself one of the lucky ones. An IRS spokesman told PYMNTS...
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Why It’s So Hard To Kill The Check In The Booze Business
The new coronavirus swiftly impacted small- and mid-sized businesses (SMBs) rather harshly, with these entities now struggling to manage remote workers who need to send out paper invoices to suppliers...
View ArticleDigitizing B2B Payments The Hybrid Way
For all of the happy life moments in which they appear, paper checks are unloved. So are paper invoices that precede them. The seeming incompatibility of paper and digital payments is somewhat of an...
View ArticlePreserving Check Workflows Can Ease B2B Payments Digitization
Although a recent uptick in B2B payments innovation has accelerated corporates’ migration away from the paper check, old habits die hard, and the legacy payment tool remains a mainstay in the accounts...
View ArticlePayment Rails Present Many Paths To B2B Payments Optimization
In the journey to improving B2B payment processes, it’s unlikely that any single solution will be the silver bullet to combating friction. Rather, a mix of strategies can be key to nudging buyers and...
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Bridging Digital And Paper For Policyholders, Insurers
While they are among some of the world’s wealthiest corporations, insurance companies have nevertheless been clobbered by COVID-19, from travel cancellations to business disruption policies to a rising...
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It Takes A Village To Build An Instant-Payments Ecosystem
The idea that money should be able to move instantly between sender and recipient has long been gaining ground in P2P payments, the gig economy, the insurance industry and more. But interest in the...
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What Will It Take To Get Rid Of The Paper Paycheck?
“Are paper checks really the best we can do for our workers?” Crises have a way of exposing weaknesses, vulnerabilities and outmoded systems. For Mark Putman, general manager of payments at ADP, that...
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Why Eliminating Checks Isn't Enough To Crush B2B Payments Fraud
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 of the organization, and bad actors...
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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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