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Companies attempting to more transparently view their cash flows can no longer afford to spend time processing paper checks, and their use of digital paymenttools has thus inched upward. One study by TCH observed that 56 percent of checking account holders in the U.S. percent during Q3 2020.
Slow payments have long frustrated businesses and consumers, forcing the former to readjust their timelines as they await funds and prompting the latter to put off purchases as they watch for transactions to finalize. Around The Real-Time Payments Space.
Not only are faster paymenttools bringing helping to exchange funds at a quicker pace, but these solutions are also transforming the certain aspects of the gig economy and spurring investments in new payment infrastructures. Beyond payment infrastructure, other companies are investing in real-time paymentsolutions.
SwapsTech has completed the development of its faster paymentssolution to help financial institutions link into real-time payment capabilities. The company announced news on Thursday (April 19) that its Payment Galaxy tool is one step closer to being available for banks.
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