New faster payment initiatives are popping up around the world, from Saudi Arabia to Brazil to Australia. In the U.S., transaction is gaining speed, too. According to the latest PYMNTS Faster Payments Tracker, Same Day ACH volume has seen a 24 percent increase year over year between the first quarter of 2018 and the first quarter of 2019.
As faster and real-time payments gain traction in the U.S., corporates are quickly finding with new accelerated transaction capabilities: 82 percent of businesses said real-time payments can resolve many of their existing payment challenges, the Tracker noted. With collaborations emerging to drive faster payments adoption, corporate treasurers are in the crosshairs of these initiatives.