B2B Payments: A Gradual Shift from Checks to Electronic Payment Methods
The Federal Reserve
"Although U.S. business-to-business (B2B) payments have shifted from checks to electronic payments over the past decade, many businesses still make and receive B2B payments with checks. Electronic payment methods, which include wire, Automated Clearing House (ACH), instant payments, and credit and debit cards, have the potential to remove some of the manual processing; however, businesses face challenges to fully migrating to electronic payment methods."
