PYMNTS

JULY 5, 2019

Companies in the business-to-consumer (B2C) space have historically relied on lockbox processing through a bank – or a series of banks, depending on their size. However, as check volumes are now on the decline, B2C companies are receiving payments from other channels, such as bill payment sites.

B2C 46

B2C Lockbox ACH IRS 46

PYMNTS

OCTOBER 2, 2019

As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). So, from the beginning, start with the individual consumer. How is this different than a wire?

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

OCTOBER 29, 2020

He pointed to Deluxe’s own AR solution that can be embedded in enterprise resource planning (ERP) systems, where modules can be added to manage lockbox or other solutions. Such online platforms, he added, can eventually revolutionize B2B payments, and even B2C and C2B transactions. You completely remove that paper.

Checks 78

Checks B2B Payments C2B 78

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. B2C, C2B, B2B and P2P: There are many ways that individuals and companies need to move money, and some have advanced more than others as agile new players enter the race. Alphabet Soup.

Consumer 56

Consumer Same Day ACH C2B B2C 56