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Despite the fact that consumers have adopted digital and mobile payment methods, checks remain the most common method of payment for businesses. Most businesses and accountants view checks as a secure, reliable method of payment, and one that gives them control over their cash flow.
However, hidden costs, lack of security, and manual processes are plaguing the check payment process. Businesses are spending time on administrative, manual tasks, losing control over payments, and paying excessive fees as a result of checks.
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