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Deep Dive: Billing And The Use Of Real-Time Payments

PYMNTS

The former, biller direct (BD), involves paying bills directly through providers’ websites, while the latter entails doing so through online banking platforms. . BD provides payers with information like amounts, due dates and posting dates, but not about payers’ linked bank accounts.

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What Is FedNow & How Can Businesses Prepare for It?

Seon

FedNow works by offering banks, credit unions, and other organizations such as retailers a system where they can utilize instant payment services that go through this core process: The payer (e.g. an employer paying an employee their wages) uses an app provided by their credit union to request the desired payment.

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New Corporate Payment Tricks For Old Rails

PYMNTS

This week’s look at the latest in payment rail innovation finds solution providers largely embracing the opportunity to develop new technologies for legacy payment rails. Some firms are focusing on the payer — looking to combat fraud or cross-border payments friction — with their tools.

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Understanding B2B Payments: Exploring Payment Methods and Key Terms

EBizCharge

Invoice Generation: The process begins with one business providing goods or services to another. The seller generates an invoice detailing the products or services provided, along with their prices and any applicable taxes or fees. This invoice serves as a request for payment.

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What are Payment Links? Optimizing Payment Links for Your Business

EBizCharge

Payment links are web addresses that, when clicked, take the payer to a secure payment portal to complete their purchase. These links also provide safer and faster fund transfers and work well with various payment service providers. This makes the payment process swift and direct.