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Frequency of payment runs
March 27, 2023
Q. I would be interested to know from others the frequency of their payment runs including payment method and how exception/off cycle payments requests are managed.
A.
(from the IOFM Advisory Panel)
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For Business to Business Checks:Check runs are based on volume and are the most widely used method of payment in the U.S.
Large companies and shared service centers usually process payments every day due to sheer numbers.
Most small and medium-sized companies run checks once a week. In…
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