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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. These solutions are not one-size-fits-all, though, and companies must select their tools with care.

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U.S. Bank On Helping Businesses Pick Faster Payment Options

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Firms are also looking at options like same-day ACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Employers have been working to improve how they pay both full-time and gig workers, and some are finding that the traditional emphasis on paper checks and direct deposits are not going far enough.

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Deep Dive: Instant Payments Confront Long Path To Ubiquity

PYMNTS

Only 3 percent received them via direct deposit that same year. Companies in both industries have access to instant payment tools, but these solutions do not solve their disbursement needs as easily as checks and cash. The instant payments education gap.