Today In Data: Building A Better – Paper-Free – B2B Payments World

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Though rapidly going extinct in consumer transactions, the check is alive and quite well in the B2B space. Not because anyone is especially thrilled about it, but because they get the job done. But the world is a rapidly changing place, and even B2B payments seem to be evolving. Digital payments in the B2B sector are on the upswing, as recent earnings results have demonstrated, and businesses are becoming ever more enthusiastic about adopting faster, and even real-time, payment methods – particularly for paying their workers. It won’t kill the check overnight, but it sure seems some pressure is coming the check’s way.

Data:

$3-$20: Estimated price businesses pay per check used to make a B2B payment.

85 percent: Share

(...)

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