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By Carlos Pardo

FINTECH-Moving to electronic payments benefits your business-B-AIM PICK SELECTS

The movement to electronic payments has been steady over the years. Yet, Covid-19 may prove to be the catalyst that accelerates the shift to electronic payments. The need to carry out transactions at a distance while working remotely is leading businesses to rethink financial processes, and electronic payments are the answer. Take stock of electronic payment benefits and eliminate barriers that keep you locked in a manual world.

Discuss what’s next for your business. Connect with a commercial banking specialist to discuss our capabilities and solutions.

Member FDIC © 2020 Truist Financial Corporation. BB&T, SunTrust, the BB&T logo, the SunTrust logo, and Truist are service marks of Truist Financial Corporation. Truist Securities® is the trade name for the corporate and investment banking services of Truist Financial Corporation and its subsidiaries. Securities and strategic advisory services are provided by Truist Securities, Inc., member FINRA and SIPC. | Lending, financial risk management, and treasury and payment solutions are offered by Truist. | Deposit products are offered by Truist.

[1] 2019 AFP Electronic Payments Survey Report, 2019.

[2] The 2019 Federal Reserve Payments Study, 2019.

[3] The State of ePayables 2020, Ardent Partners, June 2020.

[4] RPMG 2017 Purchasing Card Benchmark Survey.

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