Remove ACH Remove Payments Tools Remove Same Day ACH
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The Accounts Payable Conundrum: Same-Day ACH Vs Checks

PYMNTS

Accounts payable can be a contradiction showcasing the frustratingly slow pace of B2B payments digitization. In PYMNTS’ Payables Friction Playbook , “Why Firms Are Ready For An AP Upgrade,” a collaboration with Corcentric , paper checks came out on top as the most widely used payment tool by accounts payable (AP) departments.

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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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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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Payment Rails Present Many Paths To B2B Payments Optimization

PYMNTS

Paper checks have long been the bane of many accounts payable (AP) and accounts receivable (AR) departments, but the workflows associated with the payment method are familiar, and often even preferred. GreenBox POS Adds Same-Day ACH Support. It really minimizes the disruption.”. Eastern Standard Time, the company said.

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When B2B Payments Innovation Is All Talk, No Action

PYMNTS

Last June, NACHA and the Credit Research Foundation said that at present, paper checks make up half of B2B transactions received in the accounts receivable department; ACH accounts for less than a third. Use of faster payments technologies, too, remains limited in the B2B sphere.

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NEW REPORT: With Zelle, FIs Looking To Be Everyone’s P2P Bae

PYMNTS

The October edition of the PYMNTS Faster Payments Tracker™ , powered by NACHA, looks at notable developments in the global remittance market, including new real-time payment tools for SMBs, blockchain and the latest trends in faster payments infrastructures, including the recent rollout of Same Day ACH Phase 2.

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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.