Payments 101

When it comes to B2B payments,  there is no shortage of voices advocating for improved efficiency, security and speed. For instance, in January 2015, the Federal Reserve released a report,  “Strategies for Improving the U.S. Payments System,” which emphasized the need for faster payment settlement times and improved payment security. More recently,  the National Automated Clearing House Association (NACHA) voted in “Same Day ACH” in hopes of facilitating faster payments with shorter…