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B2B Check Use Rising Despite Approach Of Same Day ACH

PYMNTS

Same Day ACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. In B2B payments, those characteristics could have a significant impact on supplier payments and other B2B payment habits.

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Today In Data: Opioid Addiction, Same Day ACH And Women Shoppers

PYMNTS

2 million | Number of Same Day ACH transactions made in the first 11 days of Same Day ACH’s availability, according to NACHA’s statistics. Those statistics also stated more than 178,000 Same Day ACH transactions were made per day, accounting for a total of approximately $1.5

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Corcentric Joins The B2B Payments Game

PYMNTS

From sourcing to invoicing, B2B transactions involve a lot of steps before the actual payment. 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.

B2B 65
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Paper Checks’ Uncertain B2B Payments Future

PYMNTS

It seems every year for the past five years or so, B2B payments analysts have pondered the future of the paper check — and tried to predict its demise. Simply put: Crooks love checks,” Mike Vigue, VP of product strategy, cyberfraud and risk management at B2B payments company Bottomline Technologies, told PYMNTS.

Checks 40
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Don’t Write Off The Paper Check Just Yet

PYMNTS

“Specifically, in certain categories like B2B check payments, the decline is slowing at a much more gradual pace than [in] the past,” he said, citing recent data from the Federal Reserve, whose payments study , released in December 2016, found a slowdown in the reduction of check use in the U.S. The expansion of ACH across the U.S.,

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Payments Acceleration Shifts The Risks For Buyers And Suppliers

PYMNTS

Business-to-business (B2B) trade, especially when deals occur across borders, expose businesses to all sorts of risks, like non-payment (on the supplier’s side), or non-deliver (on the buyer’s side). The buyer-supplier relationship goes beyond regulatory requirements like Know Your Customer. The supplier would be at risk [of non-payment].”.

Risk 42
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Viewing Payments As The Corporate Cash Flow Lever

PYMNTS

Same Day ACH is on the cusp of entering the market, blockchain startups are making their visions a reality with bank partners and the financial services industry as a whole, it seems, is ready to make payments faster and more digital. But in B2B payments, are corporates ready to participate in this new ecosystem?