Steve Traut, co-owner and SVP of Sales at Superior Press, recently spoke with PYMNTS about why the company is helping banks stay up to date with technologies to help manage paper check volume, despite ongoing talk of its eventual demise.
According to a NACHA survey, 82 percent of financial institutions surveyed anticipate that Same Day ACH debit volume will grow at a rapid or steady rate
NACHA, the electronic payment association, announced that same-day ACH debit and credit transactions hit 15.2 million in December, marking a 51 percent month-over-month increase.
Dan Massey, SunTrust Bank’s chief technology officer, explained how the bank aims to boost client experiences in 2018 with faster payment capabilities and new services.
It was only (relatively) recently that B2B payments finally secured significant attention and investment from innovators. A notoriously clumsy, friction-filled industry, B2B transactions must forge new paths to boost efficiency as businesses demand global solutions, speed and transparency.
The digital economy is here. People are participating in it every day with direct deposits, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools.
Flexible tech. The kind that scales as businesses scale, that goes where the payments go — where the technology resides in the cloud rather than on-premise with speed and security as hallmarks as old rails work alongside, and then give way, to new rails.