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How GDP Trends Impact the Payments Industry

Clearly Payments

non-cash payments increased 6%, with card-based transactions accounting for the vast majority of monthly spending as GDP-supported confidence returned. Business payment activity expanded, with 43% of firms increasing investment in digital payment tools—responding to stronger demand and economic stability.

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B2B Payments Explores An Alternative Path To ACH Adoption

PYMNTS

Paper checks are gradually shrinking their market share in the B2B payments landscape, yet the outdated payment tool remains in-use for up to 80 percent of businesses in the U.S., noted PYMNTS in a previous Faster Payments Tracker. Today, there are two key methods for how a company can address the pain point of checks.

ACH
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How Virtual Cards Can Live Up To Their Faster Payments Promise

PYMNTS

While there are scenarios in which wire and ACH, and even checks, could be an appropriate payment method, corporate cards can help suppliers save money by serving as an alternative to the more expensive tactic vendors use to access working capital in a timely manner. And yet, suppliers remain skeptical of card acceptance.