Some Digital Payment Innovators Still See Value In Checks
Posted by Checkbook on Oct 26, 2020
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The Anatomy of a 99% Completion Rate
Most payments happen without payors or recipients ever having to think about them. And that’s the way it should be—in a perfect world, every transaction would be seamless. But it’s not a perfect world, and the reality is that only between 92–95% of payments are completed successfully. While at first glance, that statistic may not be jarring, but think of it this way: what if your paycheck bounced 8% of the time? Suddenly 92% seems a far cry from acceptable.
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