Recently, I read in the Wall Street Journal about how half of U.S. businesses still rely on checks to pay their bills every month. As the head of the North America commercial payments group at MasterCard, that statistic didn’t surprise me.
What did catch my eye was the reporter’s claim that checks are easier to use and contain more information than many e-payment methods. Clearly, Mr. Monga did not consider commercial cards—so I’m taking this opportunity to share the top three reasons why....