Search
 

Checks on Their Way Out With Businesses, Survey Finds

SAN FRANCISCO - There are indications that checks are not going to regain any lost ground any time soon. Just over half (51%) of financial executives plan to reduce their businesses' use of checks to pay their bills, according to Visa's Cash Management Survey. The executives plan to move their...

By Staff Writer | Updated on November 16, 2004

SAN FRANCISCO – There are indications that checks are not going to regain any lost ground any time soon. Just over half (51%) of financial executives plan to reduce their businesses’ use of checks to pay their bills, according to Visa’s Cash Management Survey. The executives plan to move their businesses to an increased used of commercial payment cards. The online firm Survey.com administered the questionnaire between October 13-20 and involved more than 405 executives from 20 industries. “This annual survey helps us to track trends in the attitudes of corporate financial executives regarding their cash management processes and to aid our Member financial institutions in meeting the needs of the commercial payments marketplace,” said Mike Dreyer, senior vice president, commercial solutions, Visa USA. “It’s encouraging to see that low satisfaction with paper-based payments like checks is leading companies to pursue alternatives like commercial payments cards.”

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2025 ALM Global, LLC. All Rights Reserved.