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As local- and state-level government entities continue to run, it’s not business as usual for the public sector — particularly in the way these entities make and receive payments. “On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” he said.
. “On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” than the private sector, he said. But as innovation targeting the ACH network accelerates, there will continue to be challenges ahead for the public sectors.
One of those is Italy, where delayed invoice payments in both the private and public sector have raised concerns about business-to-business (B2B) and government-to-business (G2B) payment practices, as well as about the government’s rising debt.
” In Visa’s efforts to cover “99 percent-plus of banks, consumers and small businesses,” Sheley said, those partnerships will continue to be an important piece of Visa Direct’s adoption efforts. “Domestically, you may have at least a little bit of commonality,” said Sheley.
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