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.
Please join the Aite Group and Alacriti on September 29 at 2:00 p.m. ET for a panel discussion on how insurers can leverage digital innovation to:
Join our webinar on August 26th at 2:00 p.m. ET where we will explore how you can quickly and effectively meet your members where they want beyond just traditional channels, expanding your revenue opportunities while seamlessly integrating with your existing infrastructure.
Helping shape the future of faster payments
Alacriti is a leading financial technology company dedicated to helping our clients accelerate their digital transformation.
Alacriti’s cloud-based platform, Orbipay, delivers solutions in the areas of electronic bill presentment and payments and digital disbursements, empowering our clients to provide 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.