Banks have an opportunity to deepen relationships with their corporate customers facing payment challenges. One promising product could be integrated receivables solutions. While most business-to-business payments are still done through paper check, electronic payments are growing rapidly. Paper checks remain at about 50 percent of business-to-business...
Integrated receivables have received a significant amount of interest and press in the banking space: DadeSystems President and CEO Bill Zayas, for instance, told PYMNTS in an interview that research firms have been creating papers on it — and said it has become a “hot topic” in the...
Corporations today receive payments through a variety of methods: They might take in funds through checks, traditional automated clearing house (ACH) or wire transfers. Some corporates may accept cash, credit cards or web payments. In other words, corporates have a mix of payments coming in...
Banks have historically developed their own solutions for the marketplace, using sophisticated information technology (IT) and development resources. “If they wanted something for the marketplace, they would create it” and would design, develop and support those solutions for their unique needs, DadeSystems President and CEO Bill Zayas...
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It’s a time of great transformation for payments in the eyes of FinTechs: “The payment market is changing rapidly with the adoption of electronic payments and soon-to-be real time payments,” DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS.com in an interview. For receivables, Berdan noted that larger banks have done...
In the past, only the largest of firms such as utilities, telecoms or credit card companies were able to have customer payment portals. Those were the “types of companies that could afford to stand up a portal,” DadeSystems Chief Marketing Officer Tom Berdan told PYMNTS.com in an...
Privacy is not an afterthought with the “privacy by design” mindset, and FinTech startups may take a similar approach with data security. In that sense, they may incorporate data security every time they make an enhancement or a release. “It’s really built in by design,” DadeSystems CIO...
by Bill Zayas, President & CEO Payment complexity is changing as check payments decline and electronic payments are rising, compelling businesses to actively seek banking partners who can deliver a seamless and integrated end-to-end cash application process for accounts receivables, regardless of payment type or channel....
When it comes to treasury market offerings, banks have historically started wholesale and retail lockbox businesses. They were able to provide these services to their corporate customers, which effectively outsourced all of the work around receiving payments: that is, opening envelopes, scanning payments – as...
