B2B Payments After COVID-19: Could Rising Electronic Payments and API Usage Finally Kill the Paper Check?

All businesses have sustained some short of shock by the COVID-19 pandemic…there are just those that have already switched or are in the process of moving to electronic payments to make their processes more or less digitized. Jim McCarthy, President of i2c Inc. and special guest of a recent PYMNTS Trend Talk series, said that the companies that had already implemented “electronic invoicing, electronic bill payment remittances [not only the front end of their business but the back end as well] – for a global, ecosystem of payments – were in a better position to weather the initial hit and are more likely to feel confident about making it through.”

Click below to watch the Trend Talk video in its entirety:

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i2c is a global provider of highly-configurable payment and banking solutions. Using i2c's proprietary "building block" technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c's next-generation technology supports millions of users in more than 200 countries/territories and across all time zones.