“In the business-to-business world, checks have long been the preferred method of payment, but the rise of electronic options is changing the payables landscape. While checks still account for 51% of B2B payments, check usage has fallen by 30% since 2004. And it’s projected to be overtaken by electronic payment methods in 2020. Given the ever-increasing pace of business operations, faster payments are becoming progressively more important to a company’s bottom line. If you’re still using checks, there are several reasons to consider a shift to electronic payment methods such as automated clearing house or commercial cards, which can meet a variety of business spending needs.”