Expanding Payments Choice - December 2021 Issue
Digital disbursements have evolved significantly in recent years, growing from a little-used novelty to a juggernaut competing directly with checks and cash. There are approximately 1.9 billion business-to-consumer (B2C) payments issued each year, with two-thirds of these made via digital means rather than paper checks. When taking into account the fact that 74% of households in the United States receive some form of disbursement in a given year, this shift to digital disbursements is a massive gamechanger for the economy as a whole.