How Lockbox Services Cut A/R Processing Time in Half
The pace of B2B payments keeps shifting, yet one thing hasn’t changed: Checks still slow down accounts receivable (A/R) teams far more than expected. Mail float, manual sorting, and basic data entry add days to the cash cycle. Rising check-fraud attempts make the process even riskier. Lockbox services centralize incoming payments, digitize check data, and […]
How Check Fraud Evolved — and Why Manual Controls Aren’t Enough
Check fraud has picked up speed in ways that catch many finance teams off guard. Criminal groups now combine chemical alteration, digital replication, and stolen mail to create items that look legitimate long enough to clear. That pattern matters because high-value vendor payments still run through paper checks, even as the rail itself becomes easier […]
Check Printing Technology in 2025: What’s Changed and What Hasn’t
Ask around, and you’ll hear the same thing: Checks are outdated. However, the numbers tell a different story. In 2024, nearly 3 billion commercial checks were processed in the U.S. banking system. The average value per check was over $2,700. While volumes are lower than in previous years, checks remain an active part of the […]