A new study from international payments engine Currency Cloud, reveals the majority of US businesses continue to battle major innovation hurdles when moving money across borders.
Through a survey of US and UK finance professionals, Currency Cloud found the US has a lot to learn from its UK counterparts when it comes to international payments, with nearly half (47 percent) of US businesses still relying on old-fashioned paper checks. In contrast, the majority of UK businesses (70 percent) make international payments electronically.