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Corporates Play Payment Rail Musical Chairs

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The coronavirus pandemic has some organizations playing payment rails musical chairs in their accounts payable (AP) departments as they adjust payment strategies (and methods) to suit their needs in a volatile, remote working environment. NACHA Notches ACH Growth. B2B payments in particular saw an 11.7

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VP Of The ABA Shares Same Day ACH Perspective

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Same Day ACH has been a focus for banks since it was proposed in early 2014. Phase 1 of the Faster Payments initiative launches on Sept. will be able to accept Same Day payments, with the option to originate them. 23 to go smoothly is that the ACH network is already being used by banks and consumers. About The Tracker.

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ACH Becoming The Mediator Between Conflicting AR, AP Needs

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For a single business, juggling delayed payments with a desire to digitize its own supplier payments may come into conflict. But according to Paybox’s Gilbert, there are some overall trends in how a company approaches its payments strategy.

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Corcentric Joins The B2B Payments Game

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Using FIS-run PayNetExchange to process ACH, checks and virtual cards and using Comdata to issue Mastercard commercial cards, Corcentric pulls in payment capabilities across a range of rails to support the last mile of the B2B transaction. The data makes that glaringly clear.

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When B2B Payments Innovation Is All Talk, No Action

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. “Toward the end of this year, we started to see more of a shift in investment toward the B2B side,” said Reetika Grewal, Silicon Valley Bank’s head of payments strategy and solutions. We’re seeing a lot of new company formation around the B2B payment space in a way we haven’t seen before.

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Analysts Press For Corporate Payers, Banks And FinTechs To Collaborate

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Their 2017 survey contains data points that all point to one conclusion: Companies are forced to reshape their payment strategies thanks to a combination of factors, including the rising threat of payments fraud, increased globalization and high payment volumes. But how businesses reshape their payment practices varies.

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Does The U.S. Faster Payment System Need A Federal Mandate?

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The value of the faster payments market is immense, as outlined by the first of two reports issued by the Task Force earlier this year. ACH payments were valued at $145.3 trillion and check payments were worth $26.8 But without a mandate in place, he said, it falls to the market to craft its own faster payments strategy.