The document summarizes survey results about brokerages moving from paper to electronic payments. It finds that 80% of brokerages want to convert from paper to electronic payments, with the main drivers being increased efficiency (88%), reduced costs (82%), and fraud prevention (60%). Using cheques is expensive, costing between $17.85-$81.40 per cheque, and time-consuming, taking up to 20 minutes to issue. The document promotes the ClearPay electronic payment solution as offering funds settlement, payment notification, and cost savings over cheques.

1. 80%of brokerages want
to convert from
paper to electronic
payments
70%of brokerages
are highly reliant
on cheques
88%
to increse
efficiency
82%
to reduce
cost
60%
for fraud
prevention
Cheques are
expensive
It costs from
$17.85 - $81.40
to write a cheque
Cheques take
a lot of time
It can take up to
20 mins
to issue a cheque
ClearPay moves payments and remittance
data to carriers. Funds are settled electronically
in a closed environment.
Start today at ClearPayCanada.com
Rethinking
Payments
How many cheques
do you write per month?
Safe
paperless
payments
Pay from
your BMS
Real time
notification
85% cost
savings over
cheques
Remote
approval
No duplicate
entry
3 minutes to process
with ClearPay
A few clicks
and its done!
Sources: Orbit payment cost survey, emarketing.swiftkicx.com/editor_images2/image_231140af/files/TIC%20Newsletter%20article_Fall%202015.pdf,
wwwww.bottomline.com/sites/default/files/faster-cost-effective-afp-payments-cost-benchmark-survey-gen-us-srr-1510.pdf, www.pymnts.com/in-
depth/2014/afp-survey-firms-taking-a-slow-but-steady-b2b-path-2/