Posted on April 27, 2021 by Transcend Pay
Making and receiving payments is a fundamental aspect of any business. As modern economies become increasingly digital, the ability to process electronic forms of payment has gone from being a competitive advantage to a “table stakes” feature. If a business can’t accept or issue these payments, it’s likely going to lose out to competitors who can. Nowhere is this change more apparent than in the growing usage of electronic checks, or eChecks, which have become so commonplace that many consumers don’t even know they’re using them.