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According to Tom Halpin, head of payment products at HSBC , faster and real-time payment services don’t only provide the value of speed for corporate clients, especially in the context of cross-border transactions. Progress in Tackling Cross-Border Payments Friction. Progress in Tackling Cross-Border Payments Friction.
Often, the payment method replacing paper is ACH payments, a substitution Anderson said will be accelerated by RTP. This is key to not only addressing a payments pain point in B2B transactions, but also to incentivizing adoption of the technology by adding value to data standardization. Driving B2B Payments' Evolution.
PNC Treasury Management recently debuted a tool that allows corporate buyers to automatically choose a faster payment solution , including real-time payment (RTP), Same Day ACH or next-day ACH, to pay their suppliers by analyzing which payment method would be quickest and most cost-effective. Start From Scratch.
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