Virtual-Strategy Magazine “The Electronic Payments Association’s Payments Innovation Alliance announced the release of its first white paper. The paper, entitled The Future of Corporate Payments, takes an in-depth look at the evolving landscape of corporate payments, providing an overview of corporate payment developments and the challenges and opportunities these developments present to financial institutions.
The white paper explores advances such as mobile B2B transactions, real-time payments and data standards, and the ways in which corporates are utilizing these products and services. The paper also outlines the challenges and opportunities financial institutions are now facing in meeting the needs of corporate customers as they relate to small to medium enterprise (SME) banking, straight-through processing, utilization of ACH payments, international payments and standards, and electronic invoicing. Additionally, the paper raises a number of strategic questions around corporate payments that financial institutions should evaluate to help ensure they are prepared for the current and future needs of corporate customers.”
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