Remove Faster Payments Remove Remittance Data Remove Same Day ACH
article thumbnail

B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. In B2B payments, those characteristics could have a significant impact on supplier payments and other B2B payment habits.

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How Small Businesses Ride Their Payment Rails

PYMNTS

“More people than ever are benefitting from Same Day ACH. With the enhancements to Same Day ACH, the ACH Network is delivering the capabilities requested by corporate end users.”. billion ACH debit and nearly 2.3 In all, more than 3.3 NACHA said 43.2

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

What New Payment Rails Miss About Solving B2B’s Remittance Challenge

PYMNTS

More often, businesses will find that the clunky paper check is actually the payment method best suited to support the movement of remittance data along with funds, although businesses are still struggling to find affordable and efficient ways of ingesting that information. There’s nothing more valuable than remittance data.

article thumbnail

B2B Finserv Embraces New Faster Payment Rails

PYMNTS

Meanwhile, both PNC Bank and Bank of America introduced new solutions designed to ease friction in B2B payments by embracing a range of existing rails. It’s both a show of support for a new rail like RTP, as well as for the strategy to improve upon legacy rails like ACH. s first new payment rail since ACH launched in 1974.