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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. These solutions are not one-size-fits-all, though, and companies must select their tools with care.

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Monto Exits Stealth, Lands $9 Million to Rethink B2B Payments 

Finovate

Founded in Tel Aviv, with offices throughout the globe, Monto seeks to help make ACH and RTP B2B payments collection as easy as tapping a card. As a starting point, the company is opening its first U.S. office in New York City.

B2B 105
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Tyfone Spins Out New Entity for Instant Payments

Finovate

Payfinia aims to help financial institutions access and establish ownership of their instant payments services. Tyfone launched its IPX platform in July 2023, in conjunction with the Federal Reserve’s FedNow instant payment service. Launching Payfinia will help Tyfone further build on the instant payments experience.

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Deep Dive: How Real-Time Payments Can Help Meet B2B, P2P Expectations

PYMNTS

Companies attempting to more transparently view their cash flows can no longer afford to spend time processing paper checks, and their use of digital payment tools has thus inched upward. now have access to such payments via the RTP® network, for example. Driving faster payments forward. percent during Q3 2020.

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Auto Lenders Use AI To Drive Safer Real-Time Disbursements

PYMNTS

Such rapid business-to-business (B2B) payments give buyers better control over their cash flows and spare vendors from waiting for money to settle. Offerings like the Real-Time Payments® (RTP) network are drawing attention from bad actors as well. Nacha — which governs the Automated Clearing House (ACH) in the U.S. —

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SwapsTech Develops Real-Time Payments Link For Banks

PYMNTS

The tool offers a payment platform that can support faster payments as well as legacy rails including ACH and Fedwire. SwapsTech said Payment Galaxy marks its entrance into the U.S. Payment Galaxy, George noted, enables FIs to prevent service disruption while looking into RTP.

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U.S. Bank On Helping Businesses Pick Faster Payment Options

PYMNTS

Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Inside Businesses’ Faster Payments Selections. Same-day ACH may appeal to some companies, while the RTP network suits others, for example.