The remarkable persistence of the physical check is something almost miraculous to behold in the world of payments.
No one likes it or really wants it — consumers vastly prefer digital payments and like them even better when they’re given the option of receiving them instantly. And the technology to provide those instant payments exists — actually in several forms carried over a variety of rails.
And yet, Ingo Money CEO Drew Edwards told Karen Webster that the check keeps hanging on when it comes time to make disbursements, and in fact keeps proving itself fairly hard to uproot.
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