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Letter from the editor

ccording to a new Federal Reserve Payments
Insight Brief, business use of the ACH is
on the rise: use of same-day ACH was
A up 45 percent over 2022; use of the more
traditional next-day ACH option grew by 17 percent
year-over-year. However, despite a notable decline in
check usage, the Association for Financial Professionals
reported that 81 percent of businesses still use paper
checks for some of their bill payments, and 70 percent
of U.S. companies don't plan to cease writing checks.

Why does check writing persist, despite inefficiencies
and significant risk of fraud? This issue's lead article
explores the factors contributing to the longevity of
checks, and explains why their use will continue to de-
cline as corporate attitudes change with the times, but
checks won't disappear from the payment scene any-
time soon.

Advancements in digital payments are also covered in
news stories highlighted herein, reporting on recent re-
search revealing that digital banking and credit tools Bridge the Gap
hold promise but lack personalization, as well as re-
search indicating that debit cards are increasingly be- between your
ing integrated into digital wallets and, when added,
have become the most-used payment method, surpass- advertising dollars
ing cash, credit and other payment options. Other news
briefs showcase Nacha's free security breach guidance, and bottom line
developed by the organizations Payments Innovation
Alliance, and progress happening in the cannabis pay-
ments sphere. Customized advertising campaigns
to fit any size company and budget.
Industry experts featured in this issue discuss the
downsides of using third-party payment solutions and • Spotlight Innovators’ Pages
possible alternatives for ISOs; the multiple benefits of
partnering with value-added service providers, and (frequently updated content)
why selling value, service and solutions make it harder • Print (various size options)
for businesses to switch or want to switch by locking
clients in with multiple services; the case for using • Resource Guide listing
specialty software, which puts control in merchants' (print/online/front page options)
hands, not the software; and why it's never been more
important to explore how to make the banking experi- • Email Blasts (to GS readership)
ence, particularly payments, more inclusive and acces-
sible. • Online (website/twice month newsletter)
Also, be sure not to miss our updates on industry • Video
awards, research, partnerships, acquisitions, appoint- • Bundled advertisng campaign discounts
ments and other milestones, as well as product and
company profiles and other resources designed to help
you thrive in your career. To alert us to new develop- Rick Aston
ments at your company or advancements in your ca-
reer, please send a press release to press@greensheet. Senior Media Partnership Specialist
com. To submit comments or tell us about an emerging
industry issue or a breaking news story you want us 707-284-1693
to research, send an email to greensheet@greensheet.com.
We look forward to hearing from you.
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