The Payments Blog
In this intriguing post to analytics platform provider ChartMogul’s blog, Ed Shelley provides lots of examples and valuable insights into the subtle but critical elements that can greatly impact the effectiveness of your website’s pricing page.
According to J.P. Morgan, The first new U.S. payment system in 40 years is coming, and the benefits go well beyond simply getting paid faster.
A recent article published by the famous investment advisement firm makes the case that business process simplification, improved communication between payers and their financial institutions, and greater reconciliation transparency are just some of the added benefits associated with Real-time Payments (RTP). Not to be outdone, NACHA is launching same day ACH debits. What does all this mean for businesses? According to Fifth Third Bank, these changes are important steps towards the U.S. gaining parity with other countries that already have real-time payment options..
An article appearing on the personal finance blog “the balance” explains that consumers find ACH to be easier and more convenient than writing and mailing checks, and although they may not be familiar with the technical jargon, most already use ACH payments for things like direct depositing their paychecks or auto-paying their utility bills.
1. Same-day payrolls enabling employees to have faster access to their pay
2. Business-to-business payments that enable faster settlement of invoice payments
3. Expedited consumer bill payments using both ACH credits and debits
|According to J.P. Morgan, The first new U.S. payment system in 40 years is coming, and the benefits go well beyond simply getting paid faster.|
|Sure, business like the affordability of ACH, but did you know consumers benefit as well?|