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Half of US companies pay 75 percent of B2B payments by paper cheques

Tuesday 22 March 2016 | 12:34 PM CET

Over half of US companies pay 75 % of B2B payments by paper cheques, according to AP Now`s recently released 2016 Payment Survey.

What’s more, it is only those who are currently making a low percentage of their B2B payments by paper cheque who are taking the most aggressive action to further reduce their dependence on them. In fact, only 45% of heavy cheque users indicated they want to reduce the number of paper cheques they issue. The rest appear satisfied with the status quo.

However, there was some good news in the results. Specifically, 83% of respondents’ organisations use ACH to varying degrees.

Also, 79% have issued commercial cards (purchasing cards) to employees for the purchase of goods and/or services.

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