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Lunch & Learn: Applying Blockchain to Achieve Processing Efficiency


Date 01:15 PM - 01:40 PM (0 hours 25 minutes)
Tuesday, May 03
Disruptive Ideas & Technologies

While electronic payment adoption continues to increase, paper checks remain a prevalent payment option, leaving corporates with inefficient and time-consuming processes for managing exceptions. Speakers discuss how a unique relationship between FIs connects check originators, such as bank bill pay operations and check print service providers, with lockbox providers to transmit check payments electronically instead of via physical check. Presenters share best practices in employing blockchain-powered digital technology to dramatically increase efficiency and cost savings around handling check payments.