Is the Value of Business Check Transactions Increasing?

In a comprehensive analysis, a recent report delves into the influence of economic shifts on payment behavior within the U.S. economy. The report, which draws from data sources such as the Federal Reserve, IRS, and Census Bureau, offers a detailed view of $175 trillion in commercial payments.

The study provides valuable insights into liquidity pressures across various sectors, shedding light on key benchmarks like Days Payable Outstanding (DPO), Days Sales Outstanding (DSO), inventory days, and funding gaps. By organising the analysis by industry, the report highlights the most widely used payment methods and the emerging trends reshaping the commercial payments landscape.

One such trend is the rising influence of fintechs and smaller banks, which are increasingly playing a significant role in the payments sector. The report also discusses the expansion of commercial card use, as well as the growing popularity of emerging options like Same Day ACH and virtual cards.

Another key point of focus is the impact of external factors like tariffs on the commercial payments landscape. The report considers how these factors are shaping the way businesses make and receive payments, and how they are influencing the overall economic health of the nation.

However, the report does not provide information on which banks offered the highest average check transaction values for commercial customers in the USA in 2022. Despite this omission, the report serves as an invaluable resource for businesses, financial institutions, and policymakers seeking to understand the complex and ever-evolving world of commercial payments.