Search
 

Remittance Mail Slows

Last years Postal Service changes mean B-to-B payments take longer to arrive.

By Susan Kelly | Updated on February 19, 2013
U.S. Postal Service trucksThe U.S. Postal Service got plenty of headlines with its recent announcement that it plans to eliminate Saturday delivery. But for businesses that collect payments via snail mail, the big impact has come from the changes the Postal Service announced early last year, changes that have slowed delivery times.

In January of 2012, the Postal Service said it would eliminate a number of its processing facilities. It also revised its standards for two-day delivery from mail that originates from within roughly a 12-hour transportation range of a processing center to mail from within a six-hour range.

“Those standard changes are the biggest impact corporate America is going to see,” said Lex Litton, a senior vice president at Phoenix-Hecht, a financial services research firm in Research Triangle Park, N.C.

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.