Electronic Payments Survey Report
The electronic payments landscape continues to change, and businesses are reacting.
Change Is Here
The world of electronic payments continues to change in many fascinating ways. Emerging technologies continue to impact the field, yet traditional payment methods are still trusted by some organizations.
Here’s what we know:
Check Usage is Down
Integration is Still Key
The high level of check integration in corporate accounting systems is a big reason why checks are still used.
Cross Border Payments: Holding to Tradition
Legacy Wires Are Still Dominant
of organization’s cross-border payments are done via Swift wire.
Speed, Cost, and Certainty Matter
The cost, speed, and certainty of a payment transaction are considered important factors for cross-border payments.
B2B Transactions Will Benefit Most from Faster Payments
Organizations are Ready for Change
of survey respondents believe faster payments will have a positive impact on their organizations.
Businesses Want to Stay Ahead of the Curve
While some organizations are using a “wait and see” approach, over 1/3 of organizations want to stay current and aim for early adoption.
Want to learn more about the changes happening with electronic payments?
Download AFP’s RECENT REPORT
Business to Business (B2B) Transactions Check Usage is Declining
of organizations made their payments to business customers using checks.