PYMNTS

OCTOBER 2, 2019

Kresse attributes this inertia to entrenched processes, both at the enterprise level and within some FIs, especially where lockbox services (including receiving and scanning payments) are large revenue generators. Despite that, there is a better option, as roughly 40 percent of B2B payments are still done by paper checks.

C2B 81

C2B Faster Payments Real Time Payments Lockbox 81

PYMNTS

APRIL 30, 2020

. “On the government side, I feel they have been even more successful at implementing ACH, whether it be G2B or B2G payments,” than the private sector, he said. But as innovation targeting the ACH network accelerates, there will continue to be challenges ahead for the public sectors.

Innovation 73

Innovation Global Payments Cross-Border ACH 73

PYMNTS

DECEMBER 5, 2017

Direct deposits, push payments, eWallets, same-day ACH transfers, PayPal, Zelle and myriad other platforms and tools are now second nature. The persistence of bank wholesale lockboxes, invented in the 1950s, shows this problem has not been tackled to the same degree as payments between consumers and businesses, Diegelman said.

Consumer 56

Consumer Same Day ACH C2B B2C 56