Remove Faster Payments Remove Payer Remove Remittance Data
article thumbnail

Why Faster Payments Isn’t The Answer To Accounts Receivable Delays

PYMNTS

With faster payments functionality beginning to take off in the U.S., the outlook of how accelerated transaction times might impact B2B payments and, more specifically, the issue of late payments to suppliers, remains unclear. “We see faster payments coming into the U.S. and Europe have imposed.

article thumbnail

For Insurance, Faster Payments Means Nothing Without Data

PYMNTS

. “There is some value in speed of payment,” he said of the insurance sector’s interest in faster B2B payments. “But speed of payment doesn’t mean anything if you don’t know what it’s for.” “We see really high adoption of virtual cards.” ”

article thumbnail

How Small Businesses Ride Their Payment Rails

PYMNTS

As NACHA expands Same Day ACH functionality, it’s unclear how small and medium-sized businesses (SMBs) will embrace the faster payment capability. Most companies surveyed said they would be willing to pay an additional fee to have remittance information move along with a wire payment. NACHA said 43.2

article thumbnail

How AR Can Usher The Legacy Lockbox Into The Digital Age

PYMNTS

And while the lockbox continues to play an important role in AR and reconciliation, it no longer addresses the entire challenge as more electronic payments come in without remittance data. The emergence of faster payment networks is elevating the importance of AR functionality even more. The Path to Integration.

Lockbox 43