Businesses are increasingly paying each other via a mix of electronic payment methods and moving beyond antiquated paper checks.
How will US merchants pay each other in the future?
While many businesses still pay each other with paper checks, other electronic B2B payment methods are becoming more robust. Looking toward the future, corporate cards, ACH, and real-time payments will likely become the B2B payment methods of choice for merchants of all sizes.
In part one of our Future of Payments series, we discussed how peer-to-peer payments are changing, and how they might one day bypass traditional banking rails and infrastructure. In part two, we examined how the shift to faster payroll payments could affect consumer payment and banking preferences. In part three, we looked at the point-of-sale, and how it’s changing both online and offline.