Streamlining Ad Hoc Payments With Instant Pay

Ad Hoc Payments Represent One in Every Four Vendor Payables Non-recurring or ad hoc payments represent 24% of a firm’s total AP volume, and a point of payables friction for most corporates given the size and method of payment (hint, paper) according to a new PYMNTS Intelligence report, “Streamlining Ad Hoc Payments With Instant Pay,” a collaboration with Ingo Money, of 200 enterprise senders. Sixty percent of senders say they see value in making those payments both digital and much faster than today.
Inside the November Report
  • 63%: Share of senders sending tip payouts to employees that already pay fees to make these payouts instantly
  • 80%: Share of senders that think receivers are satisfied with their current ad hoc solutions
  • 31%: Share of senders that expect improved customer/supplier satisfaction would be the chief benefit of adding new ad hoc payment solutions

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    Ingo Payments Instant Payments Report Series

    How Instant Ad Hoc Payment Costs Impact Small SMBs
    Meeting the Demand for Instant Ad Hoc Payments
    How Instant Ad Hoc Payments Drive SMB Success
    Renters and Refunds
    Business Expense Reimbursements
    Measuring Consumer Satisfaction With Instant Payouts
    Gaming and Winnings
    Hospitality and Tips