Everyone’s heard the proverbial drill that the cheque is invariably in the mail. But even as we head toward the end of 2017, it’s becoming clear just how true this statement is. In fact, many industries are still processing their customers’ payments using postal mail and paper cheques! This despite the array of accounts payable software and services in existence.

This infographic – created by Receivable Savvy – highlights this fact, as well as many other payment trends and statistics for fintech, banking and software technology industries.

It was created following the release of Receivable Savvy’s “2017 Perceptions Study – Analysis of Invoice-to-Cash Practices and Preferences of Supplier Organisations”.