Real-time payments: Treasurers, are you ready?
We detail the steps corporate treasurers can take to ensure they're ready to reap the rewards of real-time payments and to deliver them within the bounds of compliance.
We detail the steps corporate treasurers can take to ensure they're ready to reap the rewards of real-time payments and to deliver them within the bounds of compliance.
It’s near-on impossible to talk to a treasury professional without payments coming up in conversation. Generally, the discussion concludes that real-time payments provide enormous opportunities and benefits for all stakeholders involved in the global payments’ ecosystem.
While a lot of payment innovation starts in the retail space, it creeps up rather quickly into the B2B area. A Deloitte study on B2B payments reveals that 74% of B2B buyers today research at least one-half of work-related purchases online and 30% complete at least half of their work-related purchases online.
A corporate treasurer that can do his personal payments in just a few seconds is naturally going to have an expectation that his business payments are going to be just as fast. As a result, treasurers are now demanding greater transparency over payments and the power to decide when the money is going to be credited to the account of the beneficiary.
This infographic details the steps corporate treasurers can take to be ready to support real-time payments and to deliver them within the bounds of compliance.
