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Inside The Factors Shaping Businesses’ Faster Payment Tool Adoptions

PYMNTS

Employers might adopt push-to-card solutions that enable them to equip staff with prepaid debit cards, onto which earnings can be quickly disbursed, for example, while other companies may send salaries directly into payment apps. These solutions are not one-size-fits-all, though, and companies must select their tools with care.

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Deep Dive: How Real-Time Payments Can Help Meet B2B, P2P Expectations

PYMNTS

Companies attempting to more transparently view their cash flows can no longer afford to spend time processing paper checks, and their use of digital payment tools has thus inched upward. now have access to such payments via the RTP® network, for example. Driving faster payments forward. percent during Q3 2020.

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The Real-Time Disruption Of Banking And Business

PYMNTS

As such, the consequences of real-time payments aren’t solely impacting consumers’ peer-to-peer ( P2P ) transaction activity. For SMBs, Reuter noted that business owners’ use of real-time payment tools in their personal lives will inevitably bleed into what they expect to be able to do as they run their companies.

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Monto Exits Stealth, Lands $9 Million to Rethink B2B Payments 

Finovate

Founded in Tel Aviv, with offices throughout the globe, Monto seeks to help make ACH and RTP B2B payments collection as easy as tapping a card. As a starting point, the company is opening its first U.S. office in New York City.

B2B 105
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Auto Lenders Use AI To Drive Safer Real-Time Disbursements

PYMNTS

Such rapid business-to-business (B2B) payments give buyers better control over their cash flows and spare vendors from waiting for money to settle. Offerings like the Real-Time Payments® (RTP) network are drawing attention from bad actors as well. Financial companies cannot take their payments modernizations lightly, however.

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Report: Paychex Gives Traditional Payroll Cycle A Real-Time Makeover

PYMNTS

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.

Payroll 104
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SwapsTech Develops Real-Time Payments Link For Banks

PYMNTS

A collaboration with The Clearing House (TCH) enables SwapsTech to leverage TCH’ss real-time payments network RTP, which launched last year, and helps financial institutions (FIs) connect into the faster payments scheme and continue operating legacy payment tools while implementation occurs.