Cash flow had become a significant problem for businesses since the pandemic began. Of the approximately $1.2 trillion in outstanding receivables that small- to medium-sized businesses (SMBs) in the United States obtain each year via ad hoc payments, PYMNTS’ research indicates that 30% are paid late....
Speed is of the essence for large-value transactions, and so is the ability to send those payments across any payments rail. In this month’s Disbursements Tracker, KeyBank’s Megan Kakani explains why allowing payors to pay anyone, anywhere — and using a payments method of their...
As the pandemic has sped up the transition for both consumers and businesses to conduct more and more transactions in digital spaces, the use of checks has become less desirable. The number of digital payment rails available has exploded in recent years, and payees have...
United States consumers received 11 billion disbursements in 2021, and 17% of those were instant payments, approximately tripling the 5.7% of instant disbursements made in 2020. Instant payments are gaining even on same-day account transfers, with 22% of consumers receiving disbursements by same-day automated clearing house (ACH) versus 20% who received at least...
February 22, 2022
As the pandemic has sped up the transition for both consumers and businesses to conduct more and more transactions in digital spaces, the use of checks has become less desirable. The number of digital payment rails available has exploded in recent years, and payees have become accustomed to the idea that they should be able […]
January 26, 2022
While demand for instant payments rises — encompassing everything from online purchases to paychecks and insurance payouts — the understanding of underlying mechanics of disbursements has not grown at the...
January 11, 2022
The pandemic has pushed payors and businesses across various industries to accelerate their digital transformation efforts, especially as a rising number of consumers expect faster and faster payment experiences, regardless...
November 30, 2021
Lending has become increasingly streamlined, including automated approvals and disbursements, but the pandemic demonstrated weaknesses in digital lending. Demand for both consumer and small business loans has grown over the...
March 03, 2022
The global value of virtual card transactions is expected to jump to $6.8 trillion over the next four years — compared to $1.9 trillion last year — and a large portion of that growth will come from business-to-business (B2B) transactions. There are a number of aspects of virtual cards that lend themselves to a business’s […]
September 07, 2018
For businesses, slow payments are more than a simple headache. When payments are not delivered on time, they can harm a company’s finances and can put a strain on business...
