Electronic Payments & Remittance Data Pain Points & Solutions

This paper on electronic payments and remittance processing was prepared by the Federal Reserve Banks of Minneapolis and Chicago. Many U.S. businesses continue to use a disproportionate number of checks to make and receive business-to-business (B2B) transactions and rely on manual, paper intensive processes to reconcile associated remittance data. The results of a survey conducted by the Remittance Coalition (RC) show that this is a consequence of persistent barriers that impede adoption of more e payments and e-remittance data.

 
This whitepaper will help you understand:

• The current state of electronic payments & remittance processing
• Critical issues to the success of these programs
• The needs of customers and vendors in relation to moving to an electronic system

Fill out the form to be redirected to the paper on the Credit Research Foundation website.