Corporates have growing expectations for faster, more efficient and more secure B2B payments — whether their money is moving from one business unit to another or one country to another. While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies.
As financial institutions gather for this year’s Sibos conference kicking off in London today (Sept. 23), PYMNTS examines its latest findings on how corporate finance professionals are shifting their payments expectations, and what their financial institution partners need to know about how to meet those elevated demands.
Payments Speed and Security
Checks undeniably still play a role in corporate payments: PYMNTS and Mastercard found in their joint The B2B Payments Tipping Point report that checks remain the most common payment method both for making and receiving B2B payments, and surprisingly, satisfaction with checks is relatively high among surveyed corporates.