Modernizing B2B Payments
An advantage of instant payments from a B2B perspective is the ability to include and transmit remittance information throughout the payment lifecycle for better payments management.
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Forward-thinking financial institutions see new instant payment rails as a way to provide businesses with an affordable, reliable payment pathway that delivers:
- Retention of remittance data
- Streamlined accounts payable and accounts receivable processes
- Greater control over cash flow and payment timing