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SameDayACH is ready for its debut at the end of the week, and for some, its launch signals the next step for the payments industry to become faster and more digital. But a new report finds that, even as SameDayACH is fast-approaching, businesses are actually increasing their use of paper checks.
New technology solutions are stepping onto the market to help automate accounts receivable, accounts payable and the act of supplier payments, as well as other processes surrounding these fields, like trade finance, cash flow management and accounting. There’s nothing more valuable than remittancedata.
“Governments, financial institutions, businesses and consumers are all reaping the benefits the ACH Network provides,” Larimer said in a statement. More people than ever are benefitting from SameDayACH. billion ACH debit and nearly 2.3 In all, more than 3.3 NACHA said 43.2
“A lot of suppliers say they like the feel of the paper in their hand, they like to get the physical remittancedata attached to that check — even though you can still get that data in other ways, including with ACH,” Martin explained. “But a lot of suppliers are what we consider old school.
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