What Is Lockbox Payment Processing? Why Banks and Businesses Still Rely on It
Checks might seem outdated until you look at the numbers. According to the 2024 AFP Payments Fraud report, about 75% of U.S. businesses still accepted checks, and nearly 70% said they weren’t planning to stop anytime soon. That includes everything from regional hospitals to nationwide B2B firms. Meanwhile, check fraud has surged: 63% of organizations […]