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Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. With payment innovators looking to migrate B2B payments away from paper, a growing number of payment rails and technologies are helping to ease the pain of the shift.
Smaller banks want to take advantage of this demand and are increasingly looping into The Clearing House 's RTP network , developed and owned by the largest banks in the country. Most of our first RTP use cases are companies who want to get payments to workers and suppliers faster," said First Bank assistant vice president Ajay Kothuri.
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