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Out of Date Payment Methods

Every day businesses are using these methods to disburse payments..

    1. Mailing CHECKS

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    People/Businesses need to stop mailing checks. They often get lost in the mail and can take weeks to process.

    2. Printable Checks

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    This option is better than mailing checks. A recipient can mobile deposit or bring it into a local branch. However, some bank tellers still don't believe a paper check is real and there's no way to guarantee every teller in the country will accept a paper check. Which has a sender can be a major headache.

    3. ACH

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    As a sender, it can take up to 4 business days for this method to clear for a recipient. When everyone wants to be paid immediately this method is much too common for how long it takes.

    4. Cash

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    The world is slowly moving away from cash and towards digital payment methods, but cash is still king in the United States. There are a few reasons for this cash is anonymous, it’s easy to use, and it’s accepted everywhere.

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