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The Secret to a Successful Electronic Payment Program: Supplier Adoption

December 27, 2018

Nearly half of all businesses still continue to pay suppliers via check. That’s baffling when you consider that the average paper check transaction costs an AP department between $3-$6 (a cost that’s several times higher than other payment types) and that 75% of organizations report attempted or actual fraud via checks. Given the evidence that checks are not an optimal payment method, why do such old school methods persist?

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