All businesses have sustained some short of shock by the COVID-19 pandemic…there are just those that have already switched or are in the process of moving to electronic payments to make their processes more or less digitized. Jim McCarthy, President of i2c Inc. and special guest of a recent PYMNTS Trend Talk series, said that the companies that had already implemented “electronic invoicing, electronic bill payment remittances [not only the front end of their business but the back end as well] – for a global, ecosystem of payments – were in a better position to weather the initial hit and are more likely to feel confident about making it through.”
Click below to watch the Trend Talk video in its entirety: