PYMNTS· PYMNTS·· 3 hours agoAI score51
B2B checks still carry $15 trillion annually as business payment bottlenecks shift toward process automation
Why B2B Checks Still Move $15 Trillion a Year
AI brief
AI-assisted source summary · not independently verified. Content standards
PYMNTS, citing research from the Federal Reserve Bank of Cleveland, reported that ACH accounted for 41% of B2B payments by transaction count in 2024, while checks accounted for just 13%, but the value of check payments still reached $15 trillion.
Source:PYMNTS · pymnts.com