09/20/2018

Real-time Payments to Make Impact in Business-to-business Sector

Payment technology is beginning to impress the B2B community

According to a recent survey, real-time payments technology is beginning to impress the business-to-business (B2B) community. The survey suggests a shift in the market, with B2B businesses putting more emphasis on faster payment capabilities with the hopes that it will bolster business.

Three hundred-ninety industry professionals were surveyed - both B2B payment customers and payment service providers - at the 2018 NACHA PAYMENTS Conference in San Diego earlier this year. One question from the survey is telling of the current state of innovation in the B2B industry.

What innovation will have the greatest impact on the B2B payments sector?

• 42 percent – Integration of Real-time Payments within Online Banking
• 20 percent – Artificial Intelligence and Machine Learning
• 11 percent – Blockchain
• 9 percent  – Cybersecurity Software
• 4 percent  – Biometrics

Researchers said that regardless of which innovation will make the greatest impact on the B2B payments sector, organizations are having a hard time keeping up with the changes in the industry.

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