Posted on 29 Aug 2018
Paper checks aren’t popular as they once were, but they haven’t disappeared just yet.
Consumers have been quick to adopt digital payment methods, but many businesses still cut checks every month for all kinds of payments. While there are plenty of reasons that might keep businesses from exploring more efficient payment methods, one argument is that there simply has not been enough disruption in this space to push them to keep up with the evolution of digital payments.
Stuart Bain, SVP of Product Management at Alacriti, recently discussed bill payments, the history of check payments, and the payments expectations of future generations in an episode of Payments Innovation, a podcast dedicated to helping business leaders navigate today’s global digital economy.
Check out the podcast below to hear what Stuart has to say about why the business world has been slow to adopt digital payments, and how that’s quickly changing.
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Alacriti is a leading financial technology company dedicated to helping our clients accelerate their digital payments transformation.
Alacriti’s cloud-based platform, Orbipay, delivers solutions across the payments ecosystem, including The Clearing House’s RTP network, Electronic Bill Presentment and Payments (EBPP), and Digital Disbursements. Through our cloud-native platform, Orbipay, our solutions empower clients to deliver the innovative digital payment experiences today’s consumers demand. In addition to driving modern and frictionless digital payment experiences, our clients benefit from faster time to market and continuous innovation on a proven platform.