In recent years, the payments industry has witnessed some dramatic developments. New technologies aimed at facilitating payments appear in the market and going mobile accounts for a lot of innovation. According to 2016 AFP Electronic Payments Survey, 51% of companies’ B2B payments were still being made by check. Smaller companies generating less than $1 billion
Modern technology enables people to enjoy fast and easy payment transactions all around the globe. Huge advances in the world of payment technology have turned paper checks into electronic transfers (debit), which are also known as electronic checks or eChecks. Electronic check processing is an essential part of any modern business. Modern eCheck Payment Processing.