NeuGroup Payments Strategy | Check Reduction Initiatives

Most organizations, from the U.S. Department of Treasury to financial institutions and corporations, are targeting to reduce reliance upon checks for payment and collection activities. Key drivers to switch payment channels include fraud prevention, cost reduction and faster settlement times. Please share related initiatives as well as challenges and benefits of migrating payments channels. Members are also encouraged to comment upon the Executive Order on Modernizing Payments and note how governmental priorities may influence their firm's payments practices.