Electronic Payment Trends: Looking Ahead to 2013

– By Anil Sawrup, Cambridge Mercantile Group

December 2012 – In today’s digital economy and growing move to an online world, it is becoming increasingly unusual for many of us to receive or send paper checks. Out everyday financial reality includes the regular, ongoing use of direct deposit, online banking transfers and many other types of electronic money movers. From Paypal to Interac transfer to direct deposits, the trend is doing digital but there is some hesitancy. Many companies–for whom efficiency and cost effectiveness are critical issues that directly affect their ability to compete in the global marketplace–recognize the upside. But what is the hesitancy to ‘go paperless?’

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