article thumbnail

How Governments Navigate ACH Payments Innovation

PYMNTS

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. As a result, it’s placing greater pressure on government entities to digitize payment acceptance capabilities. Business-To-Government Payments.

ACH 64
article thumbnail

Innovation Eases The Friction Of Global Payment Rails

PYMNTS

With in-person payments for fines and fees no longer possible, government entities at the local and state levels are seeing a surge in ACH volume, according to Jeff Thorness, president of Forte Payment Systems, a CSG company. ACH transaction data standardization will also be important for reconciliation and reporting, said Thorness.

article thumbnail

Europe Ramps Up eInvoice Efforts

PYMNTS

Latin America is the world’s leader in government electronic invoice mandates, as jurisdictions there address issues like invoice fraud and a lack of transparency in government procurement — efforts that proponents of these mandates say can positively influence the private sector.

G2B 55
article thumbnail

Visa’s Bill Sheley On What’s Next For Push Payments

PYMNTS

There are also significant opportunities in the business-to-business (B2B), business-to-consumer (B2C) and government-to-business (G2B) arenas, with Visa Direct having already been utilized for such use cases as tax returns, insurance disbursements and loan distributions.