Crises usher in new payment preferences

DATE: Fri, Aug 15, 2025
PUBLICATION: The Green Sheet, Inc.

It’s revealing how crises can usher in changes in the way money and payments are handled. Prior to the early 2000s, the check payment system was largely paper based. People deposited checks at bank branches. There, they were bundled and trundled to processing centers where they got sorted and bundled again to be sent to paying banks using a network of air- and land-based vehicles.