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Analysis

Electronifying B2B Payments

Giving suppliers access to supply chain finance is helping persuade them to accept payments in electronic formats.

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Consumers have flocked to new payment methods in recent years. But companies have been slow to move from paper checks to electronic payment methods, particularly for business-to-business transactions, despite the benefits that e-payments can provide.

And a survey conducted earlier this year by the Association for Financial Professionals (AFP) suggests even that slow pace of adoption of electronic payments for B2B transactions may be stalling.

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