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Payments Innovation Podcast with Stuart Bain: Why Checks are Sticking Around

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.

Listen now.

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About Alacriti

Alacriti is a fintech company specializing in payments. Our unified platform, Orbipay, supports three payment-related use cases - electronic bill presentment and payments (EBPP), digital disbursements, and subscription billing. The technology enables clients to reduce costs, improve efficiency, and deliver innovative experiences to their customers.

We also provide software, services, and technology outsourcing for our clients, including AWS Cloud Consulting. Our platform and services are used by organizations representing a variety of industries including financial institutions, healthcare providers, insurance companies, and utilities.