As the primary transporters of goods in the U.S., truck drivers play a crucial role in the country’s supply chain. Even so, the turnover rate among this group is high, and keeping them on the road is difficult. The result could be transportation shortages. One...
More than 34% of Americans rent their homes, representing billions of dollars in monthly rental payments to landlords and property managers. Despite this large sum, rent payments often rely on outdated and inefficient methods, such as paper checks, wire transfers and other systems, leading to...
Nonrecurring or ad hoc payments remain a significant part of the monthly revenues of small to mid-sized businesses (SMBs). One way that SMBs streamline the accounts receivable (AR) process is with the help of instant payment methods. Instant payments, which provide quick access to the...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Digital bill payment has become routine for most consumers, offering them extensive firsthand experience with the frustrations and challenges with these payments. Fraud, friction, limited payment options and slow payment times are just some obstacles consumers face when paying for electricity, internet service, tuition or...
Peer-to-peer (P2P) payments have grown increasingly popular in the past several years. This is especially true for younger consumers, who prefer a digital-first payment experience. At least half of millennial and Generation Z consumers say they use P2P payments for both in-store and online purchases....
Non-recurring or ad hoc payments play a significant role in the monthly revenues of small to midsized businesses (SMBs). In fact, these payments make up 65% of SMBs’ total accounts receivable (AR) volume and are a vital revenue stream. Despite the importance of these payments,...
Late payments and transaction errors run rampant in the construction industry. The sector’s days sales outstanding (DSO) — a measurement of how long a company waits to receive payment for its products or services — clocks in at a staggering 94 days. Get the Full...
