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Payments’ Role In The Fourth Industrial Revolution

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As a result, he predicted that the entrenchment of faster payments will be a linear progression that moves from consumer-to-consumer (C2C) to consumer-to-business (C2B), then to business-to-consumer (B2C) to business-to-business (B2B). Yet, Kresse pointed out that, ultimately, individual consumer behavior drives changes in business behavior.

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Deluxe CEO: B2B Payments Will See Resurgence In Paper Checks

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I'm not here to say checks are a growth business forever,” he told Webster, even as some verticals such as restaurants will continue to pay their vendors and workers with checks, simply because they’ve been around for so long. Such online platforms, he added, can eventually revolutionize B2B payments, and even B2C and C2B transactions.

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Meeting Consumer Demand With Speed-Of-Life Payments

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Fiserv comes to the conversation with 30 years of insider industry knowledge, and on the heels of a year in which it moved more than $75 trillion across 30 billion digital payments in peer-to-peer (P2P), consumer-to-business (C2B) and business-to-consumer (B2C) transactions. In other words, it’s seen some stuff. Alphabet Soup.