Using APIs & the Cloud to Pave the Way for Faster Payments

The era of digitization is here – and it’s time to revamp traditional business banking services, such as vendor payables. Often frustrated by ineffective solutions, business customers are eager to leverage faster and more convenient tools in their accounting systems and ERPs. Among the most enticing options available on the market today are real-time payments.

Although not yet universal, the ability to make payments in real-time is quickly gaining traction. Four out of five banks plan to offer B2B real-time payments in the future. Better yet, more than 40% of commercial payment industry professionals believe the implementation of real-time payments in online banking will have a greater impact on the industry than any other innovation in the next three to five years.

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