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Just as a track star chases faster, better run times, business owners want things — like their payments — to move faster, too, Ward noted. Real-time payments hold an even larger potential impact for businesses. Put it all together, and the end result is a paymentstool that can be of use to any business, large or small, Ward said.
For SMBs, Reuter noted that business owners’ use of real-time paymenttools in their personal lives will inevitably bleed into what they expect to be able to do as they run their companies.
In the July Faster Payments Tracker , PYMNTS takes a look at global efforts to broaden the reach of faster payments, and how the availability of these systems is changing each respective market. Around the Faster Payments World. banks are putting their paymenttools into overdrive. Several U.S.
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