November 25, 2020

Banking Dive

Paymode-X

Behind BNY Mellon’s War Against B2B Checks

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According to AFP's Electronic Payments Survey, checks were used for 42% of B2B payments in 2019. BNY Mellon wants to support their clients in making the paper-to-digital leap, duplicating the consumer experience to create cheaper, more secure, and increasingly efficient transactions. To help achieve this, it added tools such as Paymode-X.
 

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