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Chase, AFP Applaud B2B’s Shrinking Check Use

PYMNTS

“Developing a new and better cross-border B2B payments solution by improving worldwide connectivity in the account-to-account space is central to Mastercard ’s ambition,” the firm’s executive vice president of New Payment Platforms Peter Klein said in a statement.

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B2B Finserv Embraces New Faster Payment Rails

PYMNTS

Bank of America similarly debuted an Accounts Payable Optimization tool that enables AP professionals to automatically choose which payment method is most appropriate for their vendors based on factors like supplier acceptance and preference. This service also supports a range of existing rails, including commercial card, wire and ACH.