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Chicago Fed Letter, No. 206a, September 2004
An Electronic Supply Chain: Will Payments Follow? (Special Issue)

 Businesses, both small and large, are adopting new technologies to automate and reduce the exchange of paper documents in their transaction flows. However, more than 80% of payments between businesses are still made with paper checks. As the exchange of information along the supply chain becomes increasingly electronic, it raises the question: Will payments follow?

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