Search
 

Snail Mail Won't Snag B2B Checks

But end of Saturday delivery could slow retail remittances

By staff Writer | Updated on March 08, 2010

Business-to-business paper payments likely will still arrive on time even if the U.S. Postal Service gets Congress to go along with its plan to reduce mail delivery from six to five days a week to contain the service’s burgeoning deficit.

The change will have a “fairly minimal impact” on companies’ payments from other companies, says Lex Litton, senior vice president of operations at Phoenix-Hecht, a financial services research firm in Research Triangle Park, N.C. Corporations generally don’t mail out payments on Saturdays, he notes. “And the postal service will continue delivery operations Saturday night into Sunday, as well as Sunday afternoon, at their plants, and that’s where lockboxes pick up their mail, from the plants,” Litton says. “So, essentially the weekend flow of receipts that occurs today in wholesale lockboxes will continue.”

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2024 ALM Global, LLC. All Rights Reserved.