Faster payments use cases – What does the future of B2B payments look like?
When it comes to faster payment discussions, the most popular questions we hear are:
- What are some use cases of real-time payments?
- How do I show an ROI on the investment required to start on a faster payments journey?
These are great questions, and the fact that we get them in some form in every introductory meeting we have shows us that the market is rapidly gearing up to move forward on their real-time payment projects. When it comes to the questions, answering the first is what leads us to the second answer.
Identifying and prioritizing use cases for faster payments
So, where to start with the use cases? First, identify if your financial institution has any immediate client needs—taking care of low-hanging fruit and listening to your customer or member base is and always should be step one. Quite frankly, if any are pressing enough, you don’t need to read any further. Get going on your faster payments project ASAP!
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