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. When NACHA first released its Same Day ACH capability, only about...
With government and private sector-led initiatives pushing for faster, digital payments across the globe, corporates and financial institutions are still missing a key element of enhanced transactions: data. For corporates, it’s the remittance detail of a transaction that supports settlement, reconciliation and enhanced data analytics...
The revelation that U.S. businesses, more often than not, pay their suppliers via paper check still draws quizzical reactions from professionals abroad. The corporate and financial services communities in the U.S. understand that paper checks are slow, expensive and risky, and yet they endure. The...
