article thumbnail

How The FedNow Service Could Keep Checks In B2B Payments

PYMNTS

When The Clearing House’s faster payments offering RTP went live in 2017 , The Clearing House Senior Vice President for Product and Strategy Steve Ledford pointed to the need for digitization in the business payments space. Business-to-business payments have been some of the most resistant to electronics,” he said at the time.

FedNow 66
article thumbnail

Graduating To Faster Payments

PYMNTS

The previously cited Aite Group study found that 42 percent of millennials pay tuition with a card (most likely a debit card), and only 5 percent pay by check. The excitement around real-time payments (RTP) in the education space revolves around peace of mind for families, with greater efficiency and even profitability for institutions.