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RTP, Blockchain Make Inroads Within Corporations

PYMNTS

Postal Service have added yet another hurdle to the payment method, which can affect everything from accounts payable (AP) to payroll to insurance disbursements. PYMNTS examines the latest initiatives that look to improve upon existing rails, or embrace new ones like blockchain and RTP. RTP Expands Across FI Base.

RTP
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PNC’s Treasury Unit Joins RippleNet For Cross-Border Payments

PYMNTS

The treasury management unit of PNC Bank is joining RippleNet, the firm said on Wednesday (Sept. PNC Treasury Management joined the Ripple cross-border payments network that uses blockchain to facilitate global transactions.

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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-day ACH or over the RTP network. You can do standard ACH that’s free and it’s slow, or you can step up and go to same-day ACH or RTP,” she said. “It Managing Cash Flow Reporting in B2B. Carter said.

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PNC Automates Faster Payments Choice For Corporate Treasurers

PYMNTS

PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.

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U.S. Bank On Helping Businesses Pick Faster Payment Options

PYMNTS

They face an array of options to help them with their acceleration efforts, with some choosing to start delivering payroll via push-to-card offerings or directly into workers’ digital wallets, for example. Companies are working to accelerate their payroll and B2B transactions, but there is no single solution that fits all firms’ needs.

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Real-Time Payments Go Beyond The Need For Speed

PYMNTS

Panelists included Sarah Billings , PNC’s senior vice president and head of payments product, operations and strategy; Bridgit Chayt , Fifth Third Bank’s senior vice president and director of commercial payments and treasury management; and infrastructure expert Domenico Scaffidi of Volante Technologies.

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Banks’ Uncertain Real-Time Payments Strategy Brings Challenges To FinTech Firms

PYMNTS

At present, payroll and gig worker payments may be the most emphasized use cases for faster payments capabilities in the corporate world, with fewer experts expecting payments acceleration to gain traction in accounts payable and supplier payment scenarios. ” There are other imbalances in banks’ RTP plans for B2B payments, too.