Evolve Payment

FEBRUARY 15, 2024

An industry survey by the Association for Financial Professionals (AFP) found that check usage for business-to-business (B2B) payments declined to an all-time low of 33% in 2022. The gap between paper and digital payments continues to grow every year, and speed is the key driver behind this.

B2B

PYMNTS

DECEMBER 31, 2019

The PYMNTS December 2019 Next-Gen AP Automation Tracker details explosive innovation in real-time payments for business, driven in no small part by accounts payable (AP) professionals. Bottomline Technologies made trade headlines in Q3 2019 with its Real-Time Payments (RTP) module for its Digital Banking IQ suite.

Checks

PYMNTS

FEBRUARY 8, 2018

to Singapore have long been home to real-time payment schemes, but speed lagged behind when it came to America. It wasn’t until November 2017 that The Clearing House (TCH) debuted its Real-Time Payments (RTP) scheme — a system that isn’t expected to see across-the-board adoption until 2020.

RTP

PYMNTS

OCTOBER 30, 2018

corporates accelerated their cash collection in the third quarter compared to the previous quarter, the AFP said in an announcement on Monday (Oct. “Interest rates are rising, and the Federal Reserve has made it clear they will continue to rise for some time,” said AFP President and CEO Jim Kaitz in a statement.

Continuity

PYMNTS

SEPTEMBER 17, 2019

State-chartered financial institution Bankers’ Bank , which focused on providing correspondent banking solutions to community banks, recently announced it would become a funding agent for institutions that want to offer real-time payments via The Clearing House ’s RTP service. FinTechs Move Money To Vendors Faster.

B2B

PYMNTS

JANUARY 29, 2020

Swenson explained that virtual cards are “extremely beneficial” in industries with high B2B transaction volumes and a need for real-time payments, such as commercial real estate and travel. Many major banks now also issue virtual cards, and even third-party companies — such as Privacy — are entering the space. .

Consumer

PYMNTS

JUNE 15, 2018

. “The fact that a payment is done in 10 seconds is great — it’s more secure, because you’re sure you’re going to be paid,” he noted. “But you need to reconcile in real time.” “There may be a mistake in the invoice number that was typed in.

B2C