PYMNTS

NOVEMBER 4, 2020

Drill down a bit and getting rid of the check translates into cost savings on both sides of the equation — for the company making the payment, and the company receiving it. (In In the middle stand the lockboxes and processing facilities run by banks like J.P. Digitization, said Farooq, takes a lot of waiting time out of the system.

Blockchain

PYMNTS

OCTOBER 2, 2019

Large telecoms or utilities benefit from receiving real-time payments on their bills without needing to have payments go through the card networks, he added. Along with demand for faster payments , the information conveyed in them has significant value. The Messaging Factor — And Getting The Message Out.

C2B

PYMNTS

DECEMBER 27, 2018

It’s a time of great transformation for payments in the eyes of FinTechs: “The payment market is changing rapidly with the adoption of electronic payments and soon-to-be real time payments,” DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS.com in an interview.

Remote Deposit Capture

PYMNTS

JANUARY 13, 2021

Companies may push back on the cost of new tech deployments but eventually can begin to ramp up the transition (conversion, really) to electronic payment methods from lockboxes and checks. They can instead look to the future of real-time payments.”.

Process

PYMNTS

APRIL 30, 2020

While B2B payments innovation has opened up the opportunity for businesses to send and receive funds via cards and other payment rails, the paper check remains commonplace with some FinTechs choosing to innovate on top of check systems in lieu of forcing firms to move to different rails.

Innovation