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Tag: Instant Payments

75% of companies still use paper checks despite high costs

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75% of companies still use paper checks despite high costs

In today’s business environment, effective payment methods are crucial. Outdated payment systems can lead to liquidity problems. Digital payments provide optimized processing, improved operational efficiency and an enhanced customer experience. The PYMNTS Intelligence Report “Get paid: Digital payments to improve cash flow and customer experience” examined how digital payments are changing accounts receivable (AR) and […]

93% of truckers would use instant payments if they were offered

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93% of truckers would use instant payments if they were offered

The transportation industry is a high-speed world of logistics and delivery where efficiency and speed are paramount, but the methods many transportation companies use to conduct financial transactions are not evolving at the same pace. A recent PYMNTS Intelligence report titled “Faster Than Ever: Real-Time Payments in the Transportation Industry,” published in partnership with The […]

Use cases beyond claims bring insurers to immediate payments

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Use cases beyond claims bring insurers to immediate payments

Supply and demand are the eternal balancing act in the economy and also in payment transactions. Drew Edwards, CEO of Ingo Payments, told Karen Webster that there has been a 7% year-over-year increase in the use of instant payments as a payout option in the insurance industry, according to data jointly found by Ingo and […]