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Ready Or Not, Faster Payments Will Impact Corporate Operations

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Corporate payments still don’t have a clear role in driving the adoption of faster payment technologies and systems in the U.S. Some industry experts are beginning to challenge that notion, though, particularly when it comes to internal cash flows and treasury management processes.

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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

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The demand for faster payments is ringing louder than ever during the economic downturn. Businesses need to maintain smooth revenue streams and are working hard to avoid being hit with painful late client payments or delayed access to their earnings while also ensuring their workers are paid promptly. Accelerating Payroll.

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U.S. Bank On Helping Businesses Pick Faster Payment Options

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They face an array of options to help them with their acceleration efforts, with some choosing to start delivering payroll via push-to-card offerings or directly into workers’ digital wallets, for example. Find more about these and the rest of the Real-Time Payments headlines in the Report. percent of payers said they offered them.

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PNC Automates Faster Payments Choice For Corporate Treasurers

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PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.

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Banks’ Biggest Real-Time Liquidity Challenges

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Corporates, too, are beginning to explore opportunities in real-time transactions in areas like payroll and intra-company payments. The acceleration of the movement of money is likely to have significant implications for how organizations of all kinds – particularly banks and financial institutions (FIs) manage liquidity.

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Real-Time Payments Go Beyond The Need For Speed

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Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies. The Three Is .

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RTP, Blockchain Make Inroads Within Corporations

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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.

RTP