Manufacturing Companies Embrace Real-Time Payments

Manufacturing Companies Embrace Real-Time Payments

Manufacturers See Real-Time Payments Replacing Checks

The rise of real-time payments in the manufacturing sector appears unstoppable, with 96% of firms predicting real-time payments will replace checks and 81% saying the same for ACH. PYMNTS’ latest study of 125 manufacturing executives explores the top reasons driving this shift in payments priorities. Read more in “Corporate Changes in Payment Practices: Manufacturing Companies Embrace Real-Time Payments,” a collaboration with The Clearing House.

Inside the August Data Brief

  • 85%: Portion of firms that expect to make more real-time payments citing counterparty acceptance as a reason
  • 85%: Share of small manufacturing firms that regard the ability to make real-time payments as highly important
  • 96%: Portion of manufacturers predicting real-time payments will replace traditional checks for making payments

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