3 ways to make practical use of real-time payments paid usbank
However, multiple logistical and financial challenges remain for organizations considering this emerging trend. We’ve noted in the past that adoption of real-time payments, whether through The Clearing House’s RTPnetwork or a similar effort, is a two-way street. When making a business case for real-time payments, it always helps to have some practical business problems that the network can help solve. At U.S. Bank, we want to assist with resolving this need.
We believe that RTP will operate side by side with legacy payments for a while. Let’s look at some practical use cases for real-time payments in three distinct areas: bill payments, third-party services and optimized routing. Drive further RTP use, and allow other entities to keep up with the latest payment trends and offerings for their customersNote that the highest potential for RTP adoption lies with organizations that prioritize domestic, low-valueWith so many choices in the market, it’s possible to look at your business objectives and apply some smart logic. RTP can help customers who may be using other payment types today, like wires and checks.
Bypass the initial payment method specification, because they only need to submit payment informationStandardize reporting, billing and exception handling
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
7 ways you can help combat the climate crisis following the global strikeSo you went to the strike, now what? Here's how you can keep fighting for climate justice.
Read more »
Here are ways your benefits at work can help your family save in 2020It's almost time to sign up for your 2020 workplace benefits. Pay attention to what's being offered: Selecting the right medical, life and disability coverage can help you save money and put your household on better footing.
Read more »
10 Easy Ways to Be More Sustainable10 Easy Ways to Be More Sustainable at Work and Home
Read more »
The Best Under-$100 Ways to Totally Transform Old CountertopsNothing outdates a kitchen like old, worn-out countertops. Here are 5 ways to fix that problem, without breaking the bank.
Read more »