The B2B payments industry in the U.S. is struggling with an identity crisis. Regulatory authorities are demanding that the payments industry tighten their reins on the adherence to regulations and compliance mandates. At the same time corporations are asking for more efficient and information processing methods.
Financial institutions spend millions annually to support the various payment methods in use. Regulatory requirements are adding extra pressure and absorbing the precious time, money, and resources from banks.
In this two day workshop conference, participants will learn how payment types are declining while others are picking up that slack. ACH, CHIPS, and Fedwire payments are taking the place of B2B checks. Attendees will learn how businesses of all sizes are trying to send payments in the most cost-effective way and not necessarily through the bank-established channels. New non-bank entities will arise to fill the void.
Upon completing this course, participants should understand:
There are a few large banks that process most of the B2B payments in the U.S. This workshop will discuss the role of these large banks as well as how regional and community banks are dealing with these issues.
Note: Use coupon code 232082 and get 10% off on registration.