Remove Faster Payments Remove Remittance Data Remove RTP
article thumbnail

Why Payment Speed Alone Won't Win the Real-Time Race

Finextra

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 faster payments—they want smarter, more reliable, and more strategic payment systems.

article thumbnail

The Not-So-Beaten Path To B2B Payments Real-Time Ubiquity

PYMNTS

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 Faster Payments Hasn’t Solved … Yet. The Community Approach to Ubiquity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

B2B Finserv Embraces New Faster Payment Rails

PYMNTS

PNC Treasury Management recently debuted a tool that allows corporate buyers to automatically choose a faster payment 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.

article thumbnail

Real Time Heats Up In B2B, While Blockchain Gains Traction

PYMNTS

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, faster payment rails. Businesses Drive Australia's NPP Adoption.

B2B
article thumbnail

Moving Data With Money The Key To Faster KYC: identitii

PYMNTS

While payment rails like ACH, Faster Payments 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.,

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.