US Bank: Request-For-Pay Features Help Billers Tackle Payments Visibility Issues

Real-Time Payments Tracker® - September 2021

Billers often suffer from a lack of speed and clarity on their receivables, while payors are frequently stumped over what they owe and to whom. In the Real-Time Payments Tracker, a PYMNTS and The Clearing House collaboration, US Bank’s Richard Erario tackles both sides of the problem by pairing real-time payments with request-for-pay options that improve biller cash flow and add visibility to payors.

Inside the September Tracker
  • An interview with Richard Erario, executive vice president and head of global treasury management for U.S. Bank, on how request-for-payment options smooth frictions and provide visibility into the billing process
  • Recent headlines from the space, including why almost 90 percent of European payments and treasury professionals would be interested in using request-to-pay functions and why 87 percent of property and casualty insurers say real-time claim payments are crucial to satisfying customers
  • A Deep Dive analyzing how consumers and businesses can benefit from request-to-pay features and the challenges these services face as real-time payments go global

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    The Clearing House Real-Time Payments Tracker Series