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Headlines trumpet the arrival of instant payments, real-time rails, and millisecond processing times as if velocity were the sole measure of progress. Yet this singular focus on speed misses a fundamental truth: enterprises dont just want fasterpayments—they want smarter, more reliable, and more strategic payment systems.
Further, one of the largest benefits to corporates of faster and real-time payments services is less about the speed and more about the data these networks are able to carry along with a transaction. What FasterPayments Hasn’t Solved … Yet. The Community Approach to Ubiquity.
PNC Treasury Management recently debuted a tool that allows corporate buyers to automatically choose a fasterpayment solution , including real-time payment (RTP), Same Day ACH or next-day ACH, to pay their suppliers by analyzing which payment method would be quickest and most cost-effective.
This week’s round-up of the latest innovations in payment rails for B2B payments shows a key focus on real-time transactions and embrace of emerging, fasterpayment rails. Businesses Drive Australia's NPP Adoption.
While payment rails like ACH, FasterPayments and beyond offer enhanced transmission of data, Nick Armstrong, CEO of identitii , says they still fall short of what corporates and their FIs need. In corporate banking and payments, the challenges that arise can be vast. But even as regulators like the Fed in the U.S.,
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 remittancedata. The emergence of fasterpayment networks is elevating the importance of AR functionality even more.
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