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.
Join our webinar on June 25 for a discussion about consumer bill payment preferences for P&C Insurance and what might be ahead.
Alacriti specializes in developing payment and money movement related technology solutions to companies in the financial services, insurance, healthcare, and utility industries. We offer highly flexible and secure SaaS based payment processing solutions, and provide software, services, and outsourcing of the technology for our clients.