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How Governments Navigate ACH Payments Innovation

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“On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” he said. According to Thorness, government entities may even be ahead of the private sector when it comes to ACH adoption. “That’s where the complexity and challenge comes. .”

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Visa’s Bill Sheley On What’s Next For Push Payments

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There are also significant opportunities in the business-to-business (B2B), business-to-consumer (B2C) and government-to-business (G2B) arenas, with Visa Direct having already been utilized for such use cases as tax returns, insurance disbursements and loan distributions.

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Innovation Eases The Friction Of Global Payment Rails

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“On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” than the private sector, he said. But as innovation targeting the ACH network accelerates, there will continue to be challenges ahead for the public sectors.

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Europe Ramps Up eInvoice Efforts

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One of those is Italy, where delayed invoice payments in both the private and public sector have raised concerns about business-to-business (B2B) and government-to-business (G2B) payment practices, as well as about the government’s rising debt.

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