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Corporate buyers that pay vendors, meanwhile, might seek to satisfy these business partners by delivering money via same-dayACH or over the RTP network. These solutions are not one-size-fits-all, though, and companies must select their tools with care. It depends on, ‘Is that customer really cash-strapped?
Firms are also looking at options like same-dayACH and The Clearing House 's RTP network as they explore how to speed up B2B transactions. Same-dayACH may appeal to some companies, while the RTP network suits others, for example. But how can firms come to these conclusions?
.” Despite the warning, many experts have assured that faster payments do not necessarily mean faster — or an increase in — fraud, particularly as financial institutions (FIs) adopting faster and real-time payment capabilities enhance their anti-fraud efforts at the same time. In the case of SameDayACH in the U.S.,
New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. According to the latest PYMNTS Faster Payments Tracker , SameDayACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019. In the U.S.,
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