How Ditching Checks Can Reshape Finance For Small Businesses [Forbes]
SECURITY FIRST INT HL NEW (SCFR)
NASDAQ:AMEX Investor Relations:
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Source: Forbes
Digital payments have taken over our personal lives, but many businesses still rely on old-fashioned paper checks despite their often being slower and costlier. There are some perceived advantages to paying by check. Some businesses appreciate the reliability of the check system and find comfort in its familiarity; old habits die hard. Also, writing checks gives businesses a perceived sense of control over their cash flow. But the statistics tell a different story. Check usage is decreasing, with only 45% of Americans using them in 2022. Australia also plans to stop using checks by 2030 , aiming to improve efficiency and regulation through digital payments. Regardless of the industry, managing finances poses challenges, but adopting digital payment solutions can streamline processes, ushering in a new era of efficiency and effectiveness in businesses' financial management. It's time to break free from old habits and adapt to evolving digital payment trends. Why Saying Goodbye To C
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