PYMNTS

AUGUST 30, 2019

The solution is available to corporate clients of the bank’s PNC Treasury Management unit, according to reports, and will enable PNC to offer businesses real-time global payments. Fintech Futures reported that PNC is the first U.S. bank to use RippleNet’s blockchain network to move money across borders.

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Cross-Border Transactions Cross-Border Payments Treasury Management 76

PYMNTS

OCTOBER 23, 2019

It’s the reason why paper checks remain a constant in B2B payments: Although businesses may not particularly like them, organizations already know how to send, receive and reconcile them. B2B innovators have a choice when they decide to search for a better way to move money between corporates. Work With What You’ve Got.

Faster Payments 40

Faster Payments B2B RTP ACH 40

PYMNTS

OCTOBER 16, 2020

Treasury or cash management services that used to be fast enough may therefore no longer be adequate as businesses fight to stay afloat during the economic downturn. Interest in the Real-Time Payments (RTP) system from The Clearing House (TCH) is growing in the U.S., Breaking Away From Checks . billion in 2018 compared to $8.5

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Instant Payments Treasury Real Time Payments Checks 76

PYMNTS

OCTOBER 30, 2020

Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-day ACH or over the RTP network. You can do standard ACH that’s free and it’s slow, or you can step up and go to same-day ACH or RTP,” she said. “It Managing Cash Flow Reporting in B2B. Carter said.

Faster Payments 59

Faster Payments Payments Tools RTP Same Day ACH 59

PYMNTS

NOVEMBER 18, 2020

Banks have been playing catch-up with FinTechs in the bid to bring speed to their processes, especially when it comes to B2B payments. In the United States alone, for example, The Clearing House’s RTP network serves 70 percent of all DDAs. Awareness of those differences is key. Eyeing Efficiency .

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PYMNTS

OCTOBER 21, 2019

PNC Treasury Management is rolling out a new solution designed to optimize corporate treasurers’ B2B payments. Options for payment methods will include real-time payment (RTP), same day ACH or next day ACH, with PNC planning to incorporate a wire transfer option in the first quarter of next year.

Faster Payments 40

Faster Payments Automation Same Day ACH RTP 40

PYMNTS

AUGUST 21, 2018

Less than a year after going live on The Clearing House ‘s Real-Time Payments (RTP) network, PNC is now linking corporate customers of PNC Treasury Management to RTP capabilities. Funds transferred using RTP are available to receivers within seconds, the financial institution (FI) noted.

Real Time Payments 40

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PYMNTS

OCTOBER 29, 2020

Suppliers often struggle with the cash flow strains caused by sluggish B2B transactions, and the global economic downturn has made companies more concerned that such revenue interruptions could impede their abilities to stay in operation. Same-day ACH may appeal to some companies, while the RTP network suits others, for example.

Faster Payments 43

Faster Payments Same Day ACH Real Time Payments Payroll 43

PYMNTS

JUNE 26, 2018

Faster payments have an uncertain future in B2B transactions. Developed by The Clearing House (TCH), Real-Time Payments (RTP) is a new payment rail that supports near-instant transmission of funds and information. ” There are other imbalances in banks’ RTP plans for B2B payments, too.

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Real Time Payments Payments Strategy RTP FinTech 46

PYMNTS

DECEMBER 11, 2017

FIS will bridge Fifth Third into The Clearing House’s (TCH) Real-Time Payments (RTP) system to enable real-time transacting for customers. Fifth Third said it will go live on the RTP system in early 2018 and will support business and consumer transactions. Christopher Ward, in a statement earlier this month.

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PYMNTS

APRIL 22, 2019

The obvious assumption in the business-to-business (B2B) landscape is that faster payments are not only unnecessary, but unwanted, as corporates don’t necessarily need to move money immediately. Still, others have said that B2B payments should be largely left out of the faster payments conversation.

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Faster Payments Center for Payments Real Time Payments Payments 63

PYMNTS

JANUARY 28, 2021

For enterprises, the lure is there to streamline B2B payments, or offer preferred payments in a given market (to name one example). Tempus Technologies solutions will be integrated with PNC’s existing payments platforms, such as the RTP Network, ACH, Wire Transfer and Zelle, said the company.

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Process Treasury Treasury Management FedWire 60

PYMNTS

DECEMBER 6, 2017

PNC announced it is now live on The Clearing House’s real-time payments network RTP, according to a press release published on Tuesday (Dec. The financial institution (FI) has linked into RTP in the U.S. via Finastra ’s Fusion Payments, a payment services platform.

Real Time Payments 40

Real Time Payments Payment Networks RTP RFP 40

PYMNTS

OCTOBER 31, 2019

It’s a service designed around the ubiquity of the paper check, and with checks still a popular payment tool in B2B transactions, lockbox services remain in high-demand. Although the traditional lockbox can support access to this information, the fact that B2B payments are digitizing cannot be ignored. Take the lockbox, for example.

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Lockbox Remittance Data Checks RTP 43