And the higher the volume the higher the instances of check fraud businesses are facing. For businesses that reach $1billion in B2B check payments, that number reaches a staggering 72% 🤯
Ditch Paper Checks and Embrace the Future of Payments! It’s alarming how legacy payment methods like paper checks are a impactinf businesses, with 65% facing check fraud and 80% still mailing checks without tracking. However, 92% of firms believe B2B transactions could benefit from digital or instant payments. It's time to ditch risky paper checks and embrace the future of payments to protect your business's financial health. #LegacyPayments #CheckFraud #PaymentEfficiency #DigitalPayments #FutureOfPayments #BusinessFinancialHealth