Electronic Payments Pick Up in the U.S.


U.S. businesses are making more of their payments electronically, with just 57% of B2B payments currently made by paper check, according to a recent survey by the Association for Financial Professionals. That's down from 74% of payments that were paper-based when AFP last surveyed in 2007 and from 81% in its 2004 survey.

When it comes to cross-border payments, the survey shows that 69% are made via wire transfers, 14% with checks and 12% from payments made by the company's local country treasury operations.

Comments

Advertisement. Closing in 15 seconds.