Forty-six percent of paper checks written in the U.S., notincluding government checks, involve a small business, according toa new research brief.
NACHA – The Electronic Payments Association and FIS, a leadingprovider of banking and payments technologies, said 24% of checktransactions are small business B2B payments and 10% are consumerto small business payments.
The research also showed that 12% are for smallbusiness payroll, which represents 2.7 billion paper checks peryear.
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