KyckGlobal, an emergent financial technology firm specializing in streamlined digital payments, and PayFlo, A leading provider in physical check fulfillment services in North America, today announced a partnership to expand PayFlo’s digital disbursement options for its customers in the United States and Canada, and for PayFlo to provision checks for KyckGlobal.
MICR is an acronym for “Magnetic Ink Character Recognition,” which refers to machine-readable text that allows computers to read and process the printed information. MICR technology system was developed by the American Bankers Association in the 1950s and has allowed financial institutions to facilitate automatic check-clearing and streamline their check processing.
As the number of COVID-19 cases continues to swell and much of the world remains on lock-down, organizations across the globe continue to adopt remote work strategies in order to do their part to maintain social distancing and help slow the spread of the virus.
Many firms are now contemplating using a check fulfillment service as a way to reduce their costs. But that’s not the only benefit in using such a service! here is a list of the top benefits in using a check fulfillment service like Checkflo.
Many companies are now opting to utilize check fulfillment services as a way to cut costs, increase professionalism and timeliness of checks. As business owner, it is up to you to find ways of lowering your business’s costs while raising your company’s brand awareness and that can be difficult with so many options available on the market when it comes to check fulfillment services.