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How Governments Navigate ACH Payments Innovation

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Yet ACH volume is on the rise, and that includes in the B2B payments context. percent year-over-year increase in ACH transaction volume for the first quarter of 2020, with B2B payments adoption accelerating even faster, posting an 11.7 The key is the remittance information that needs to be associated with B2B payments.”

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Innovation Eases The Friction Of Global Payment Rails

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“On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” than the private sector, he said. But as innovation targeting the ACH network accelerates, there will continue to be challenges ahead for the public sectors. Invoiced Tackles The Friction of Check.

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Europe Ramps Up eInvoice Efforts

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One of those is Italy, where delayed invoice payments in both the private and public sector have raised concerns about business-to-business (B2B) and government-to-business (G2B) payment practices, as well as about the government’s rising debt. .” Other markets in Europe are playing catch-up.

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Visa’s Bill Sheley On What’s Next For Push Payments

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There are also significant opportunities in the business-to-business (B2B), business-to-consumer (B2C) and government-to-business (G2B) arenas, with Visa Direct having already been utilized for such use cases as tax returns, insurance disbursements and loan distributions.