Real-time payments usage may be nearing an inflection point. These payments still account for just 2% of corporate payments sent and 1.3% of payments received, but a growing number of corporate treasurers and billing and payment executives recognize the opportunities these payments offer in helping...
The demand for faster payments is growing as companies look for swift, data-rich ways to transact. One study from 2019 found that 54 percent of 120 financial executives listed real-time payments as one of the most impactful emerging technologies, for example. Businesses are accustomed to...
Small financial institutions (FIs) that directly integrate with real-time payments (RTP) must do more work than their counterparts that turn to third parties for RTP access. But the initial investment is worth the cost, says Jesse Honigberg, technology chief of staff at Cross River. In...
The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. Enabling rapid-fire transactions to become the norm requires a critical mass of banks and credit unions (CUs) adopting these rails,...
December 29, 2020
The benefits of instant payment services are gaining attention from companies that want to be able to transact with better visibility and cash flow information. Enabling rapid-fire transactions to become the norm requires a critical mass of banks and credit unions (CUs) adopting these rails, however. Corporate buyers that bank with financial institutions (FIs) that […]
